F5, Inc. (NASDAQ:FFIV) Shares Bought by Telemark Asset Management LLC

Telemark Asset Management LLC boosted its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,000 shares of the network technology company's stock after purchasing an additional 20,000 shares during the quarter. F5 makes up 2.0% of Telemark Asset Management LLC's portfolio, making the stock its 14th biggest holding. Telemark Asset Management LLC owned approximately 0.14% of F5 worth $20,118,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in F5 by 1.8% during the third quarter. Principal Financial Group Inc. now owns 90,002 shares of the network technology company's stock worth $19,818,000 after acquiring an additional 1,614 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock worth $70,000 after buying an additional 142 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of F5 by 0.5% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 147,859 shares of the network technology company's stock worth $32,559,000 after buying an additional 790 shares during the period. Victory Capital Management Inc. boosted its position in shares of F5 by 56.0% in the third quarter. Victory Capital Management Inc. now owns 142,066 shares of the network technology company's stock worth $31,283,000 after buying an additional 51,024 shares during the period. Finally, Chase Investment Counsel Corp purchased a new stake in shares of F5 in the third quarter worth about $4,726,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts have recently weighed in on FFIV shares. Royal Bank of Canada upped their target price on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upped their target price on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Piper Sandler upped their target price on F5 from $246.00 to $304.00 and gave the stock a "neutral" 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 report on Wednesday, January 29th. Finally, Needham & Company LLC increased their price target on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $295.00.

F5 Stock Performance

Shares of NASDAQ FFIV traded down $8.64 during trading on Thursday, reaching $257.42. The stock had a trading volume of 709,234 shares, compared to its average volume of 535,511. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The stock has a market cap of $14.84 billion, a PE ratio of 25.59, a P/E/G ratio of 3.85 and a beta of 1.10. The firm's 50 day moving average price is $282.58 and its two-hundred day moving average price is $249.06.

Insider Activity

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 completion of the sale, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 27,264 shares of the company's stock, valued at approximately $7,915,557.12. The trade was 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 sold 15,060 shares of company stock worth $4,477,083. 0.52% of the stock is currently owned by 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.