F5, Inc. (NASDAQ:FFIV) Position Raised by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 76.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,393 shares of the network technology company's stock after purchasing an additional 47,738 shares during the quarter. Russell Investments Group Ltd. owned 0.19% of F5 worth $27,790,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in F5 by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock valued at $1,897,154,000 after purchasing an additional 64,261 shares during the last quarter. Geode Capital Management LLC raised its stake in F5 by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock valued at $402,536,000 after purchasing an additional 30,367 shares during the last quarter. Norges Bank purchased a new position in F5 in the 4th quarter valued at about $171,127,000. Alliancebernstein L.P. boosted its position in F5 by 14.0% during the fourth quarter. Alliancebernstein L.P. now owns 656,231 shares of the network technology company's stock worth $165,022,000 after acquiring an additional 80,570 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in F5 by 598.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock valued at $106,944,000 after acquiring an additional 364,372 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FFIV. Royal Bank of Canada lifted their price objective on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Evercore ISI increased their price target on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research note on Friday, January 17th. Piper Sandler dropped their price target on F5 from $304.00 to $262.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. The Goldman Sachs Group lifted their target price on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley decreased their price target on F5 from $310.00 to $269.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $285.78.

F5 Stock Up 1.6 %

Shares of NASDAQ:FFIV traded up $4.11 on Monday, reaching $265.79. 64,284 shares of the company's stock were exchanged, compared to its average volume of 575,655. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The business's 50-day moving average is $278.77 and its two-hundred day moving average is $258.12. The firm has a market capitalization of $15.32 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 3.85 and a beta of 1.14.

Insider Transactions at F5

In other news, 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 transaction of $1,969,890.00. Following the sale, the chief executive officer now owns 151,247 shares of the company's stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of the 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 completion of the transaction, the executive vice president now directly owns 27,264 shares of the company's stock, valued at $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is currently owned by company insiders.

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.