iA Global Asset Management Inc. Has $846,000 Holdings in F5, Inc. (NASDAQ:FFIV)

iA Global Asset Management Inc. trimmed its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 22.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,365 shares of the network technology company's stock after selling 987 shares during the period. iA Global Asset Management Inc.'s holdings in F5 were worth $846,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Natixis Advisors LLC raised its stake in F5 by 4.1% during the third quarter. Natixis Advisors LLC now owns 28,746 shares of the network technology company's stock worth $6,330,000 after acquiring an additional 1,139 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of F5 during the third quarter valued at approximately $271,000. Commerce Bank grew its holdings in shares of F5 by 3.2% during the third quarter. Commerce Bank now owns 2,485 shares of the network technology company's stock valued at $547,000 after purchasing an additional 78 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of F5 during the 3rd quarter worth approximately $1,428,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of F5 by 1.3% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 318,788 shares of the network technology company's stock worth $70,197,000 after purchasing an additional 4,069 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Performance

Shares of NASDAQ:FFIV traded up $0.74 during trading on Tuesday, reaching $275.05. The company had a trading volume of 570,736 shares, compared to its average volume of 541,192. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The firm has a market capitalization of $15.86 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The firm's fifty day moving average is $284.58 and its 200 day moving average is $253.66.

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Wall Street Analyst Weigh In

FFIV has been the subject of a number of recent research reports. Morgan Stanley upped their price objective on F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Bank of America upped their price target on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday, January 31st. Needham & Company LLC lifted their price objective on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Piper Sandler upped their target price on shares of F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada raised their price target 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. One investment analyst has rated the stock with a sell rating, seven have given 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, the company has a consensus rating of "Hold" and a consensus target price of $295.00.

Insider Transactions at F5

In related news, Director Marianne Budnik sold 1,872 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This trade represents a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the company's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,932 shares of company stock valued at $4,965,150. Corporate 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.