Hillsdale Investment Management Inc. Takes Position in F5, Inc. (NASDAQ:FFIV)

Hillsdale Investment Management Inc. acquired a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,200 shares of the network technology company's stock, valued at approximately $805,000.

Several other hedge funds have also added to or reduced their stakes in FFIV. Hotchkis & Wiley Capital Management LLC lifted its position in shares of F5 by 3.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company's stock valued at $1,208,763,000 after buying an additional 191,020 shares during the last quarter. State Street Corp lifted its holdings in F5 by 0.5% during the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company's stock valued at $701,825,000 after purchasing an additional 16,663 shares during the last quarter. Geode Capital Management LLC boosted its position in F5 by 8.0% during the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company's stock worth $345,560,000 after purchasing an additional 117,080 shares during the period. JPMorgan Chase & Co. increased its stake in shares of F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company's stock worth $90,090,000 after purchasing an additional 81,005 shares in the last quarter. Finally, Retirement Systems of Alabama raised its position in shares of F5 by 7.7% in the third quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company's stock valued at $83,101,000 after purchasing an additional 27,124 shares during the period. Institutional investors own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FFIV. The Goldman Sachs Group raised their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Barclays lifted their price target on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Needham & Company LLC increased their price objective on F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Piper Sandler raised their target price on F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, Bank of America upped their price target on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, F5 presently has a consensus rating of "Hold" and a consensus target price of $295.00.

Insider Activity

In other F5 news, 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 transaction, the insider now directly owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,932 shares of company stock worth $4,965,150. 0.52% of the stock is currently owned by corporate insiders.

F5 Stock Down 1.0 %

Shares of FFIV stock traded down $2.76 during trading on Thursday, hitting $270.08. The company had a trading volume of 356,133 shares, compared to its average volume of 540,255. The stock's 50-day moving average is $284.79 and its two-hundred day moving average is $253.79. The stock has a market capitalization of $15.57 billion, a price-to-earnings ratio of 26.85, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

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.