Jupiter Asset Management Ltd. Buys 134,537 Shares of F5, Inc. (NASDAQ:FFIV)

Jupiter Asset Management Ltd. increased its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 83.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 296,506 shares of the network technology company's stock after purchasing an additional 134,537 shares during the quarter. F5 accounts for about 0.7% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 26th largest holding. Jupiter Asset Management Ltd. owned about 0.51% of F5 worth $74,562,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Jones Financial Companies Lllp lifted its stake in shares of F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock worth $214,000 after acquiring an additional 35 shares during the period. AMG National Trust Bank boosted its position in shares of F5 by 0.5% in the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock valued at $1,987,000 after purchasing an additional 37 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock worth $404,000 after purchasing an additional 44 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of F5 by 2.3% during the third quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company's stock valued at $451,000 after acquiring an additional 46 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after buying an additional 49 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

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F5 Price Performance

Shares of F5 stock traded down $8.64 during midday trading on Thursday, hitting $257.42. The company had a trading volume of 709,234 shares, compared to its average volume of 535,511. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The business's 50 day simple moving average is $282.58 and its two-hundred day simple moving average is $249.06. The stock has a market cap of $14.84 billion, a PE ratio of 25.59, a P/E/G ratio of 3.85 and a beta of 1.10.

Insider Buying and Selling

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction that occurred on Wednesday, February 26th. The stock was 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. The trade was a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 200 shares of the company's stock, valued at approximately $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,060 shares of company stock valued at $4,477,083 over the last three months. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

FFIV has been the topic of several research analyst reports. Barclays boosted their price target on shares of F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised their price target on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Piper Sandler boosted their price target on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised their price objective on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Finally, Evercore ISI upped their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, F5 has an average rating of "Hold" and a consensus price target of $295.00.

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.