Metis Global Partners LLC increased its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 33.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,052 shares of the network technology company's stock after buying an additional 1,532 shares during the period. Metis Global Partners LLC's holdings in F5 were worth $1,522,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new stake in shares of F5 during the 4th quarter worth about $50,000. Global Retirement Partners LLC boosted its position in F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock worth $80,000 after purchasing an additional 282 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in F5 by 79.8% in the third 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 during the period. Allworth Financial LP grew its holdings in 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 purchasing an additional 317 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of F5 during the 3rd quarter worth approximately $84,000. 90.66% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms recently issued reports on FFIV. Evercore ISI lifted their price target 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. Barclays lifted their target price on shares of F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Morgan Stanley upped their price target on shares of F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada lifted their price objective on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 29th. Finally, Piper Sandler increased their target price on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, F5 presently has an average rating of "Hold" and an average target price of $295.00.
View Our Latest Research Report on FFIV
Insider Buying and Selling
In other F5 news, Director Marianne Budnik sold 728 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares of the company's stock, valued at $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 completion of the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,060 shares of company stock worth $4,477,083. Insiders own 0.52% of the company's stock.
F5 Price Performance
Shares of NASDAQ:FFIV traded down $0.13 during midday trading on Friday, hitting $275.63. The company had a trading volume of 547,616 shares, compared to its average volume of 619,074. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The stock has a market cap of $15.89 billion, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The business's 50-day simple moving average is $281.33 and its 200-day simple moving average is $246.74.
F5 Profile
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Free Report)
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.
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