F5, Inc. (NASDAQ:FFIV) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC raised its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 163.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,013 shares of the network technology company's stock after acquiring an additional 49,629 shares during the quarter. Fisher Asset Management LLC owned approximately 0.14% of F5 worth $20,121,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new stake in shares of F5 during the 4th quarter worth $50,000. Venturi Wealth Management LLC raised its stake in F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock valued at $70,000 after buying an additional 142 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock worth $80,000 after buying an additional 282 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in F5 during the 3rd quarter worth about $84,000. Finally, Allworth Financial LP increased its holdings in shares of F5 by 1,132.1% in the 4th 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 last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Price Performance

Shares of FFIV stock traded down $0.13 during mid-day trading on Friday, hitting $275.63. The stock had a trading volume of 547,616 shares, compared to its average volume of 619,074. The firm has a market cap of $15.89 billion, a PE ratio of 27.40, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The company's 50-day simple moving average is $281.33 and its 200-day simple moving average is $246.74.

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Wall Street Analysts Forecast Growth

Several equities analysts have commented on FFIV shares. Morgan Stanley increased their price target on shares of F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Piper Sandler boosted their target price on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their price target on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Barclays boosted their price objective on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their price target on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $295.00.

Insiders Place Their Bets

In related news, Director Marianne Budnik sold 728 shares of F5 stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares of the company's stock, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Lyra Amber Schramm sold 253 shares of F5 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 transaction, the insider now owns 200 shares of the company's stock, valued at approximately $59,452. The trade was a 55.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,060 shares of company stock worth $4,477,083. Company insiders own 0.52% of the company's stock.

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.