Forum Financial Management LP Invests $304,000 in F5, Inc. (NASDAQ:FFIV)

Forum Financial Management LP purchased a new position in F5, Inc. (NASDAQ:FFIV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,210 shares of the network technology company's stock, valued at approximately $304,000.

Several other institutional investors have also made changes to their positions in FFIV. Vanguard Group Inc. lifted its position in F5 by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock worth $1,897,154,000 after buying an additional 64,261 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of F5 by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock worth $402,536,000 after acquiring an additional 30,367 shares during the last quarter. Norges Bank purchased a new stake in shares of F5 during the fourth quarter worth $171,127,000. Alliancebernstein L.P. boosted its position in F5 by 14.0% during the fourth quarter. Alliancebernstein L.P. now owns 656,231 shares of the network technology company's stock valued at $165,022,000 after purchasing an additional 80,570 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in F5 by 598.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock valued at $106,944,000 after purchasing an additional 364,372 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at F5

In other news, Director Marianne Budnik sold 728 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was 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 directly owns 1,770 shares of the company's stock, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock worth $5,310,131 in the last 90 days. 0.52% of the stock is owned by company insiders.

F5 Stock Up 0.7 %

FFIV stock traded up $1.87 during mid-day trading on Friday, reaching $270.03. 607,264 shares of the stock traded hands, compared to its average volume of 580,058. The business has a 50-day moving average of $270.03 and a two-hundred day moving average of $260.12. The firm has a market capitalization of $15.57 billion, a PE ratio of 26.84, a P/E/G ratio of 3.85 and a beta of 1.14. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on FFIV shares. Barclays lifted their price target on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Bank of America lifted their target price on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. Piper Sandler dropped their price target on shares of F5 from $304.00 to $262.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Evercore ISI lifted their price objective on shares of 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 increased their target price 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $289.67.

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.