Fjarde AP Fonden Fourth Swedish National Pension Fund Has $8.92 Million Stock Position in F5, Inc. (NASDAQ:FFIV)

Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 33.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 35,480 shares of the network technology company's stock after purchasing an additional 8,900 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund owned approximately 0.06% of F5 worth $8,922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. raised its holdings in F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock valued at $404,000 after acquiring an additional 44 shares during the period. Empirical Finance LLC boosted its position in shares of F5 by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company's stock worth $451,000 after acquiring an additional 46 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of F5 by 2.0% during the 3rd quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company's stock worth $572,000 after acquiring an additional 50 shares in the last quarter. First Trust Direct Indexing L.P. boosted its position in shares of F5 by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company's stock worth $447,000 after acquiring an additional 58 shares in the last quarter. Finally, Greenleaf Trust boosted its position in shares of F5 by 5.7% during the 4th quarter. Greenleaf Trust now owns 1,091 shares of the network technology company's stock worth $274,000 after acquiring an additional 59 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

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F5 Stock Down 1.3 %

Shares of FFIV stock traded down $3.85 during trading hours on Thursday, hitting $290.97. 353,726 shares of the company's stock traded hands, compared to its average volume of 603,953. The stock's 50 day simple moving average is $277.74 and its 200 day simple moving average is $243.27. The stock has a market cap of $16.78 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on FFIV. Evercore ISI increased their price target 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. The Goldman Sachs Group increased their price target on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Piper Sandler increased their price objective on shares of F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada increased their price objective on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. Finally, Barclays increased their price objective on shares of F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $295.00.

Insider Activity

In related news, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares of the company's stock, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the transaction, the executive vice president now directly owns 27,264 shares of the company's stock, valued at $7,915,557.12. This represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,060 shares of company stock valued at $4,477,083. Insiders own 0.52% of the company's stock.

F5 Company 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.