Machina Capital S.A.S. Takes Position in F5, Inc. (NASDAQ:FFIV)

Machina Capital S.A.S. bought a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 1,085 shares of the network technology company's stock, valued at approximately $273,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Los Angeles Capital Management LLC lifted its stake in F5 by 1,681.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company's stock valued at $62,898,000 after purchasing an additional 269,602 shares during the last quarter. Edge Capital Group LLC bought a new position in shares of F5 in the 4th quarter valued at $59,623,000. Cookson Peirce & Co. Inc. acquired a new stake in shares of F5 during the 4th quarter valued at $53,212,000. Hotchkis & Wiley Capital Management LLC grew its position in 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 worth $1,208,763,000 after acquiring an additional 191,020 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in F5 in the 3rd quarter worth about $35,090,000. Institutional investors own 90.66% of the company's stock.

Insider Activity

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the 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 transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction on 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 completion of the sale, the executive vice president now owns 20,075 shares of the company's stock, valued at $5,885,588.50. This represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,060 shares of company stock valued at $4,477,083 in the last ninety days. 0.52% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore ISI lifted their price target on 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 lifted their target price on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Royal Bank of Canada boosted their target price on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 29th. Barclays raised their price target on shares of F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $295.00.

F5 Trading Down 3.2 %

FFIV stock traded down $8.64 during midday trading on Thursday, hitting $257.42. The stock had a trading volume of 701,610 shares, compared to its average volume of 534,600. The business has a fifty day moving average price of $282.58 and a two-hundred day moving average price of $249.06. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The firm has a market cap of $14.84 billion, a P/E ratio of 25.59, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10.

About F5

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.