Versor Investments LP Takes $1.66 Million Position in F5, Inc. (NASDAQ:FFIV)

Versor Investments LP purchased a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,589 shares of the network technology company's stock, valued at approximately $1,657,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Creative Planning increased its position in shares of F5 by 8.7% during the third quarter. Creative Planning now owns 4,342 shares of the network technology company's stock worth $956,000 after purchasing an additional 348 shares in the last quarter. Private Advisor Group LLC acquired a new position in F5 during the third quarter worth approximately $338,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in F5 by 22.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 9,615 shares of the network technology company's stock valued at $2,106,000 after buying an additional 1,783 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of F5 by 1.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 65,826 shares of the network technology company's stock valued at $14,312,000 after acquiring an additional 1,116 shares during the period. Finally, State of Alaska Department of Revenue boosted its holdings in shares of F5 by 6.1% in the third quarter. State of Alaska Department of Revenue now owns 6,772 shares of the network technology company's stock valued at $1,491,000 after acquiring an additional 390 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts recently commented on FFIV shares. Bank of America upped their price target on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. 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 note on Wednesday, January 29th. Evercore ISI boosted their price target on F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research report on Friday, January 17th. Morgan Stanley upped their price objective on F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group lifted their target price on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $295.00.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction 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 completion of the transaction, the chief executive officer now owns 151,247 shares of the company's stock, valued at $45,836,915.82. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction dated Wednesday, February 26th. The shares were 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 directly owns 20,075 shares in the company, valued at approximately $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,060 shares of company stock valued at $4,477,083 in the last ninety days. 0.52% of the stock is currently owned by company insiders.

F5 Stock Performance

NASDAQ:FFIV traded down $8.28 during trading hours on Monday, hitting $284.15. The company's stock had a trading volume of 723,597 shares, compared to its average volume of 612,815. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The business's 50-day moving average is $279.35 and its two-hundred day moving average is $245.06. The company has a market capitalization of $16.38 billion, a PE ratio of 28.25, a PEG ratio of 3.85 and a beta of 1.06.

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.