Schroder Investment Management Group Raises Position in F5, Inc. (NASDAQ:FFIV)

Schroder Investment Management Group raised its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,012 shares of the network technology company's stock after buying an additional 22,784 shares during the quarter. Schroder Investment Management Group owned about 0.21% of F5 worth $30,553,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of F5 by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock worth $1,897,154,000 after acquiring an additional 64,261 shares in the last quarter. State Street Corp increased its stake in shares of F5 by 0.5% during the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company's stock valued at $701,825,000 after purchasing an additional 16,663 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of F5 by 8.0% during the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company's stock valued at $345,560,000 after purchasing an additional 117,080 shares in the last quarter. Norges Bank purchased a new position in shares of F5 during the fourth quarter valued at approximately $171,127,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of F5 by 598.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock worth $106,944,000 after purchasing an additional 364,372 shares in the last quarter. Institutional investors own 90.66% of the company's stock.

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Insider Buying and Selling

In related news, insider Lyra Amber Schramm sold 253 shares of the company's stock in a transaction on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now owns 200 shares in the company, valued at approximately $59,452. This represents a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is owned by insiders.

F5 Stock Performance

Shares of FFIV stock traded down $11.73 during trading hours on Friday, reaching $239.25. The company had a trading volume of 725,506 shares, compared to its average volume of 569,659. The business has a fifty day moving average price of $283.88 and a 200-day moving average price of $256.18. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The firm has a market cap of $13.79 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14.

Analyst Upgrades and Downgrades

FFIV has been the subject of a number of analyst reports. Barclays raised their price objective on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Piper Sandler lifted their price target on F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upped their price target on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Evercore ISI raised their price objective on shares of F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research note on Friday, January 17th. Finally, Royal Bank of Canada lifted their target price on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, F5 has a consensus rating of "Hold" and a consensus price target of $295.00.

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.