Prudential PLC lifted its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 1,067.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,837 shares of the network technology company's stock after purchasing an additional 17,224 shares during the period. Prudential PLC's holdings in F5 were worth $4,737,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. FMR LLC raised its holdings in F5 by 68.0% in the 3rd quarter. FMR LLC now owns 58,236 shares of the network technology company's stock valued at $12,824,000 after acquiring an additional 23,563 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of F5 by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 2,519 shares of the network technology company's stock valued at $555,000 after purchasing an additional 300 shares during the period. Captrust Financial Advisors increased its stake in F5 by 2.0% in the third quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company's stock valued at $572,000 after purchasing an additional 50 shares during the last quarter. Benjamin Edwards Inc. purchased a new position in F5 during the third quarter worth about $265,000. Finally, HighTower Advisors LLC purchased a new position in F5 during the third quarter worth about $201,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
F5 Stock Performance
Shares of NASDAQ:FFIV traded up $6.68 during mid-day trading on Friday, hitting $261.68. 600,746 shares of the company traded hands, compared to its average volume of 576,534. The firm has a market cap of $15.09 billion, a P/E ratio of 26.01, a PEG ratio of 3.85 and a beta of 1.14. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The firm's 50 day simple moving average is $278.77 and its 200 day simple moving average is $257.87.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Evercore ISI upped their price objective on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. Needham & Company LLC boosted their price target on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised 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. Morgan Stanley reduced their price objective on F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, Barclays increased their target price on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, F5 currently has an average rating of "Hold" and an average target price of $285.78.
View Our Latest Stock Analysis on FFIV
Insider Activity
In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of F5 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 sale, the chief executive officer now owns 151,247 shares in the company, valued at $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock worth $5,310,131 over the last 90 days. Company insiders own 0.52% of the company's stock.
F5 Company Profile
(
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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