F5, Inc. (NASDAQ:FFIV) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,544,256 shares of the network technology company's stock after purchasing an additional 64,261 shares during the period. Vanguard Group Inc. owned 13.00% of F5 worth $1,897,154,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Friedenthal Financial acquired a new position in F5 during the 4th quarter valued at about $50,000. EverSource Wealth Advisors LLC grew its stake in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after acquiring an additional 49 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of F5 during the fourth quarter valued at about $57,000. Global Retirement Partners LLC raised its position in shares of F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock valued at $80,000 after purchasing an additional 282 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of F5 in the 3rd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Transactions at F5

In other F5 news, Director Marianne Budnik sold 1,872 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the transaction, the director now owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the business's stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company's stock, valued at $59,452. This trade represents a 55.85 % 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 in the last 90 days. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Evercore ISI upped their price target 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. Barclays upped their target price on F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised their target price on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Piper Sandler boosted their price target on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC raised their price objective on F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $295.00.

F5 Stock Up 0.9 %

Shares of FFIV traded up $2.39 during mid-day trading on Monday, reaching $266.27. The company had a trading volume of 719,388 shares, compared to its average volume of 566,123. The stock has a market capitalization of $15.35 billion, a P/E ratio of 26.47, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The stock has a 50 day moving average of $284.96 and a two-hundred day moving average of $255.51.

About F5

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.