Victory Capital Management Inc. Buys 15,400 Shares of F5, Inc. (NASDAQ:FFIV)

Victory Capital Management Inc. raised its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,466 shares of the network technology company's stock after purchasing an additional 15,400 shares during the quarter. Victory Capital Management Inc. owned 0.27% of F5 worth $39,598,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Los Angeles Capital Management LLC raised its holdings in F5 by 1,681.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company's stock valued at $62,898,000 after buying an additional 269,602 shares during the last quarter. Edge Capital Group LLC bought a new position in shares of F5 during the fourth quarter valued at $59,623,000. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of F5 by 3.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company's stock worth $1,208,763,000 after purchasing an additional 191,020 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of F5 in the third quarter worth $35,090,000. Finally, Geode Capital Management LLC increased its holdings in F5 by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company's stock valued at $345,560,000 after purchasing an additional 117,080 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Marianne Budnik sold 728 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares in the company, valued at $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction, the insider now owns 200 shares in the company, valued at approximately $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,060 shares of company stock valued at $4,477,083. Corporate insiders own 0.52% of the company's stock.

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F5 Price Performance

Shares of NASDAQ:FFIV traded down $0.13 during midday trading on Friday, hitting $275.63. 547,669 shares of the company's stock were exchanged, compared to its average volume of 619,158. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The company has a market cap of $15.89 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The stock has a 50 day moving average price of $281.73 and a 200-day moving average price of $247.63.

Wall Street Analyst Weigh In

FFIV has been the topic of a number of analyst reports. Royal Bank of Canada upped their price target on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group raised their price target on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Evercore ISI increased their price objective 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. Piper Sandler upped their price target on shares of F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Bank of America boosted their price objective on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $295.00.

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.