Aviva PLC Purchases 32,087 Shares of F5, Inc. (NASDAQ:FFIV)

Aviva PLC raised its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 602.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,414 shares of the network technology company's stock after purchasing an additional 32,087 shares during the quarter. Aviva PLC owned 0.06% of F5 worth $9,408,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FFIV. JPMorgan Chase & Co. boosted its position in shares of F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company's stock worth $90,090,000 after purchasing an additional 81,005 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in F5 by 457.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock valued at $7,899,000 after acquiring an additional 25,748 shares during the period. Boston Trust Walden Corp lifted its position in shares of F5 by 3.9% in the fourth quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company's stock valued at $48,991,000 after acquiring an additional 7,341 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of F5 by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company's stock worth $539,000 after acquiring an additional 571 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of F5 by 163.3% during the fourth quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company's stock worth $20,121,000 after purchasing an additional 49,629 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FFIV has been the topic of several recent analyst reports. Morgan Stanley reduced their price objective on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Needham & Company LLC boosted their price target on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Piper Sandler reduced their target price on F5 from $304.00 to $262.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Evercore ISI increased their price target on F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group raised their price target on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $285.78.

F5 Price Performance

Shares of NASDAQ:FFIV traded up $4.13 during trading hours on Monday, hitting $265.81. 43,587 shares of the company's stock traded hands, compared to its average volume of 575,605. The business has a fifty day moving average price of $278.77 and a 200-day moving average price of $258.12. 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 $15.32 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

Insider Activity

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the sale, the executive vice president now owns 20,075 shares in the company, valued at approximately $5,885,588.50. The trade was a 14.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 728 shares of F5 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 transaction, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,232 shares of company stock valued at $5,310,131. 0.52% of the stock is currently owned by company insiders.

F5 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.