Potentia Wealth Buys New Position in F5, Inc. (NASDAQ:FFIV)

Potentia Wealth bought a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,032 shares of the network technology company's stock, valued at approximately $762,000.

Several other hedge funds have also bought and sold shares of FFIV. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of F5 in the 3rd quarter valued at about $271,000. Commerce Bank increased its position in shares of F5 by 3.2% in the third quarter. Commerce Bank now owns 2,485 shares of the network technology company's stock valued at $547,000 after buying an additional 78 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of F5 during the 3rd quarter worth approximately $1,428,000. Great Valley Advisor Group Inc. purchased a new position in shares of F5 during the 3rd quarter valued at approximately $235,000. Finally, Cerity Partners LLC grew its stake in F5 by 16.6% in the 3rd quarter. Cerity Partners LLC now owns 6,722 shares of the network technology company's stock valued at $1,480,000 after acquiring an additional 955 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

F5 Price Performance

Shares of FFIV traded down $6.20 during mid-day trading on Friday, reaching $263.88. The stock had a trading volume of 490,907 shares, compared to its average volume of 565,510. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 3.85 and a beta of 1.10. The business's fifty day moving average is $284.92 and its 200 day moving average is $254.72.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on FFIV shares. Royal Bank of Canada upped their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. Morgan Stanley raised their price target on shares of F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Needham & Company LLC boosted their price objective on F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised their target price on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Bank of America boosted their price target on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday, January 31st. One equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $295.00.

Insider Activity

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the company's stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now owns 200 shares of the company's stock, valued at $59,452. This represents a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This trade represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock valued at $4,965,150 in the last 90 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.