Edge Capital Group LLC Makes New Investment in F5, Inc. (NASDAQ:FFIV)

Edge Capital Group LLC acquired a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 237,098 shares of the network technology company's stock, valued at approximately $59,623,000. F5 accounts for approximately 3.2% of Edge Capital Group LLC's portfolio, making the stock its 5th biggest holding. Edge Capital Group LLC owned about 0.41% of F5 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of FFIV. Friedenthal Financial purchased a new stake in F5 in the 4th quarter valued at approximately $50,000. Global Retirement Partners LLC boosted its stake in shares of F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock valued at $80,000 after buying an additional 282 shares in the last quarter. Venturi Wealth Management LLC raised its position in F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock worth $70,000 after acquiring an additional 142 shares in the last quarter. Allworth Financial LP lifted its holdings in F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock valued at $94,000 after acquiring an additional 317 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of F5 during the 3rd quarter worth $84,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

F5 Trading Down 1.3 %

NASDAQ:FFIV traded down $3.85 during mid-day trading on Thursday, hitting $290.97. The company had a trading volume of 353,726 shares, compared to its average volume of 603,953. The business has a fifty day simple moving average of $278.55 and a 200-day simple moving average of $243.60. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The firm has a market capitalization of $16.78 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 3.85 and a beta of 1.06.

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Wall Street Analysts Forecast Growth

FFIV has been the topic of several analyst reports. Royal Bank of Canada raised their price objective on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised their price objective on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Evercore ISI raised their price objective on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. Morgan Stanley raised their price objective on F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Finally, Piper Sandler raised their price objective on F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $295.00.

Insider Buying and Selling at F5

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the transaction, the executive vice president now directly owns 27,264 shares in the company, valued at $7,915,557.12. The trade was a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lyra Amber Schramm sold 253 shares of the business's stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now owns 200 shares of the company's stock, valued at approximately $59,452. This represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,060 shares of company stock valued at $4,477,083 over the last three months. 0.52% of the stock is owned by company insiders.

F5 Company Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.