Mizuho Securities USA LLC raised its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,506 shares of the network technology company's stock after buying an additional 1,727 shares during the quarter. Mizuho Securities USA LLC's holdings in F5 were worth $1,385,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in F5 during the third quarter valued at approximately $271,000. Commerce Bank raised its holdings in shares of F5 by 3.2% during the 3rd quarter. Commerce Bank now owns 2,485 shares of the network technology company's stock valued at $547,000 after purchasing an additional 78 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of F5 in the 3rd quarter valued at $1,428,000. Great Valley Advisor Group Inc. acquired a new stake in shares of F5 in the 3rd quarter valued at $235,000. Finally, Cerity Partners LLC increased its position in F5 by 16.6% during the third quarter. Cerity Partners LLC now owns 6,722 shares of the network technology company's stock worth $1,480,000 after buying an additional 955 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.
Analyst Ratings Changes
A number of research firms have weighed in on FFIV. Bank of America boosted their target price on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday, January 31st. Royal Bank of Canada increased their target price on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. Needham & Company LLC lifted their price target on F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Barclays upped their price target on F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Finally, Evercore ISI boosted their target price on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, F5 has an average rating of "Hold" and a consensus price target of $295.00.
Check Out Our Latest Report on F5
F5 Stock Performance
F5 stock traded down $6.20 on Friday, reaching $263.88. The company's stock had a trading volume of 490,907 shares, compared to its average volume of 565,510. The business's fifty day moving average price is $284.92 and its 200 day moving average price is $254.72. The company has a market cap of $15.21 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00.
Insider Buying and Selling
In other news, insider Lyra Amber Schramm sold 253 shares of the business's stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the transaction, the insider now directly owns 200 shares in the company, valued at approximately $59,452. The trade was a 55.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the sale, the director now directly owns 1,770 shares of the company's stock, valued at $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock worth $4,965,150 over the last three months. 0.52% of the stock is currently owned by company insiders.
About F5
(
Free Report)
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.
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