7,420 Shares in F5, Inc. (NASDAQ:FFIV) Acquired by ING Groep NV

ING Groep NV bought a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 7,420 shares of the network technology company's stock, valued at approximately $1,866,000.

A number of other institutional investors also recently added to or reduced their stakes in FFIV. Friedenthal Financial bought a new position in shares of F5 in the fourth quarter valued at approximately $50,000. Venturi Wealth Management LLC boosted its stake in F5 by 79.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock valued at $70,000 after purchasing an additional 142 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock valued at $80,000 after purchasing an additional 282 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of F5 during the 3rd quarter valued at $84,000. Finally, Allworth Financial LP lifted its holdings in shares of F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock valued at $94,000 after buying an additional 317 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Transactions at F5

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the company's stock in a transaction dated 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 sale, the executive vice president now directly owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lyra Amber Schramm sold 253 shares of the firm's stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company's stock, valued at approximately $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 15,060 shares of company stock valued at $4,477,083. Company insiders own 0.52% of the company's stock.

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Wall Street Analysts Forecast Growth

FFIV has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a report on Wednesday, January 29th. Morgan Stanley increased their target price on shares of F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Barclays lifted their price target on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Piper Sandler increased their price objective on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Bank of America raised their price objective on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Friday, January 31st. One equities research 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $295.00.

F5 Trading Down 1.3 %

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

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.