Prudential Financial Inc. Boosts Holdings in F5, Inc. (NASDAQ:FFIV)

Prudential Financial Inc. raised its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 51.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 66,805 shares of the network technology company's stock after acquiring an additional 22,744 shares during the period. Prudential Financial Inc. owned about 0.12% of F5 worth $16,799,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of FFIV. Great Valley Advisor Group Inc. bought a new position in shares of F5 in the 3rd quarter valued at $235,000. Cerity Partners LLC increased its holdings in F5 by 16.6% in the 3rd quarter. Cerity Partners LLC now owns 6,722 shares of the network technology company's stock worth $1,480,000 after purchasing an additional 955 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of F5 by 11.4% in the third quarter. Daiwa Securities Group Inc. now owns 7,148 shares of the network technology company's stock valued at $1,574,000 after buying an additional 732 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in F5 in the 3rd quarter valued at approximately $262,000. Finally, Bank of Montreal Can boosted its position in F5 by 0.4% during the 3rd quarter. Bank of Montreal Can now owns 309,466 shares of the network technology company's stock worth $67,773,000 after buying an additional 1,307 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays upped their price target 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 increased their price target on F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Bank of America upped their target price on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a report on Friday, January 31st. Needham & Company LLC boosted their price target 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. Finally, Royal Bank of Canada increased 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $295.00.

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F5 Trading Up 0.9 %

NASDAQ FFIV traded up $2.31 on Tuesday, hitting $268.58. 457,612 shares of the company were exchanged, compared to its average volume of 566,657. The stock has a fifty day moving average of $284.98 and a 200-day moving average of $255.92. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The company has a market cap of $15.48 billion, a PE ratio of 26.70, a PEG ratio of 3.85 and a beta of 1.10.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The stock was 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 owns 151,247 shares in the company, valued at $45,836,915.82. The trade was a 4.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marianne Budnik sold 1,872 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the sale, the director now directly owns 1,207 shares of the company's stock, valued at $314,689.04. The trade was a 60.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock valued at $4,965,150 over the last ninety days. 0.52% of the stock is owned by company insiders.

F5 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.