Geode Capital Management LLC Has $402.54 Million Holdings in F5, Inc. (NASDAQ:FFIV)

Geode Capital Management LLC increased its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,604,362 shares of the network technology company's stock after purchasing an additional 30,367 shares during the period. Geode Capital Management LLC owned 2.77% of F5 worth $402,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of FFIV. Norges Bank purchased a new position in F5 in the fourth quarter valued at about $171,127,000. Arrowstreet Capital Limited Partnership increased its stake in shares of F5 by 598.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after buying an additional 364,372 shares during the last quarter. Edge Capital Group LLC acquired a new position in F5 during the 4th quarter worth $59,623,000. Cookson Peirce & Co. Inc. acquired a new stake in F5 during the fourth quarter valued at approximately $53,212,000. Finally, Point72 Asset Management L.P. bought a new position in F5 during the third quarter worth $35,090,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the transaction, the chief executive officer now owns 148,647 shares in the company, valued at approximately $39,446,454.39. This represents a 0.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now owns 200 shares in the company, valued at $59,452. The trade was a 55.85 % 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 over the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

F5 Trading Down 5.4 %

Shares of FFIV stock traded down $14.33 on Thursday, hitting $249.81. The stock had a trading volume of 145,579 shares, compared to its average volume of 604,348. The company has a fifty day moving average price of $280.34 and a two-hundred day moving average price of $257.36. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The firm has a market cap of $14.40 billion, a P/E ratio of 24.84, a PEG ratio of 3.85 and a beta of 1.14.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on FFIV shares. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Friday, January 31st. Morgan Stanley reduced their target price on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating for the company in a report on Tuesday. Needham & Company LLC upped their price target on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. Royal Bank of Canada lifted their target price on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 29th. Finally, Piper Sandler reduced their price target on shares of F5 from $304.00 to $262.00 and set a "neutral" rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $285.78.

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.