Korea Investment CORP Increases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Korea Investment CORP grew its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 170.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,597 shares of the network technology company's stock after buying an additional 26,871 shares during the period. Korea Investment CORP owned 0.07% of F5 worth $10,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Crowley Wealth Management Inc. bought a new position in F5 during the fourth quarter worth $35,000. Friedenthal Financial acquired a new stake in F5 during the 4th quarter worth about $50,000. EverSource Wealth Advisors LLC grew its holdings in F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after acquiring an additional 49 shares during the period. Smithfield Trust Co bought a new position in shares of F5 in the 4th quarter worth about $57,000. Finally, Global Retirement Partners LLC lifted its stake in shares of F5 by 783.3% in 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. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Buying and Selling

In other F5 news, Director Marianne Budnik sold 728 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the sale, the director now directly owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through 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 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 ninety days, insiders have sold 18,232 shares of company stock valued at $5,310,131. 0.52% of the stock is owned by insiders.

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F5 Stock Down 4.7 %

FFIV stock traded down $11.73 during midday trading on Friday, hitting $239.25. The company's stock had a trading volume of 725,506 shares, compared to its average volume of 569,659. The stock has a market cap of $13.79 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.85 and a beta of 1.14. The stock's 50-day moving average price is $283.88 and its 200 day moving average price is $256.18. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

Analyst Upgrades and Downgrades

FFIV has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. Evercore ISI lifted their price objective on shares of F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research note on Friday, January 17th. Needham & Company LLC increased their target price on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Piper Sandler raised their price target on shares of F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley upped their price objective on shares of F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. One equities research 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average 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.