Bridgewater Associates LP reduced its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 90.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,921 shares of the network technology company's stock after selling 62,627 shares during the quarter. Bridgewater Associates LP's holdings in F5 were worth $1,740,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in F5 during the 4th quarter valued at approximately $5,856,000. XTX Topco Ltd purchased a new stake in F5 during the 4th quarter valued at approximately $1,038,000. Barclays PLC raised its stake in F5 by 11.5% during the 4th quarter. Barclays PLC now owns 161,226 shares of the network technology company's stock valued at $40,544,000 after acquiring an additional 16,654 shares during the last quarter. Optimize Financial Inc purchased a new stake in shares of F5 in the fourth quarter valued at approximately $2,175,000. Finally, Townsquare Capital LLC lifted its holdings in F5 by 3.2% in the fourth quarter. Townsquare Capital LLC now owns 2,098 shares of the network technology company's stock valued at $528,000 after acquiring an additional 66 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at F5
In related news, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the sale, the chief executive officer now directly owns 151,247 shares of the company's stock, valued at $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the sale, the insider now directly 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 sold a total of 18,232 shares of company stock valued at $5,310,131 in the last quarter. Insiders own 0.52% of the company's stock.
Analyst Ratings Changes
FFIV has been the topic of several research analyst reports. Morgan Stanley decreased their target price 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 raised 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. JPMorgan Chase & Co. cut their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Piper Sandler cut their price objective on shares of F5 from $304.00 to $262.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, 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 report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $289.67.
View Our Latest Stock Report on FFIV
F5 Price Performance
Shares of NASDAQ:FFIV traded up $6.44 during trading on Thursday, reaching $268.90. 108,571 shares of the company's stock traded hands, compared to its average volume of 578,179. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The company has a 50 day moving average of $270.87 and a 200-day moving average of $259.77. The stock has a market capitalization of $15.50 billion, a P/E ratio of 26.73, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.
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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