OVERSEA CHINESE BANKING Corp Ltd Makes New Investment in F5, Inc. (NASDAQ:FFIV)

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,075 shares of the network technology company's stock, valued at approximately $522,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Natixis Advisors LLC grew its position in F5 by 4.1% in the 3rd quarter. Natixis Advisors LLC now owns 28,746 shares of the network technology company's stock valued at $6,330,000 after acquiring an additional 1,139 shares during the last quarter. LMR Partners LLP purchased a new stake in shares of F5 during the third quarter valued at $286,000. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of F5 in the third quarter worth about $271,000. Commerce Bank increased its stake in F5 by 3.2% in the 3rd quarter. Commerce Bank now owns 2,485 shares of the network technology company's stock worth $547,000 after buying an additional 78 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in F5 in the third quarter worth approximately $1,428,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on FFIV. Bank of America upped their target price on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Friday, January 31st. The Goldman Sachs Group increased their target price on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Needham & Company LLC increased their price objective on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Barclays boosted their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Finally, Piper Sandler upped their target price on F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $295.00.

F5 Trading Up 0.3 %

Shares of FFIV stock traded up $0.74 during trading hours on Tuesday, reaching $275.05. 570,736 shares of the company's stock were exchanged, compared to its average volume of 540,146. The stock has a market cap of $15.86 billion, a PE ratio of 27.34, a PEG ratio of 3.85 and a beta of 1.10. The stock's fifty day moving average price is $284.24 and its two-hundred day moving average price is $253.12. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

Insider Activity at F5

In related news, EVP Chad Michael Whalen sold 4,093 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the sale, the executive vice president now owns 27,264 shares in the company, valued at $7,915,557.12. This represents a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction that occurred 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 transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,932 shares of company stock valued at $4,965,150 in the last ninety days. Company insiders own 0.52% of the company's stock.

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.