WINTON GROUP Ltd purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 26,989 shares of the network technology company's stock, valued at approximately $6,787,000.
Other large investors have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new position in shares of F5 during the fourth quarter worth about $35,000. Friedenthal Financial acquired a new stake in shares of F5 in the fourth quarter valued at approximately $50,000. EverSource Wealth Advisors LLC increased its position in F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after acquiring an additional 49 shares during the period. Smithfield Trust Co bought a new stake in F5 during the 4th quarter valued at $57,000. Finally, Global Retirement Partners LLC grew its stake in shares of F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock worth $80,000 after purchasing an additional 282 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
FFIV has been the subject of several research analyst reports. The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Evercore ISI increased their price objective on shares of F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a report on Friday, January 17th. Piper Sandler boosted their target price on F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada increased their price target on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley upped their price objective on F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. One 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 given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $295.00.
View Our Latest Stock Analysis on FFIV
F5 Price Performance
F5 stock traded down $0.37 during midday trading on Monday, reaching $263.51. The stock had a trading volume of 96,989 shares, compared to its average volume of 563,663. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The firm has a market cap of $15.19 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 3.85 and a beta of 1.10. The firm's fifty day simple moving average is $284.92 and its two-hundred day simple moving average is $255.09.
Insider Activity
In related news, Director Marianne Budnik sold 1,872 shares of the company's stock in a transaction 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 directly owns 1,207 shares of the company's stock, valued at approximately $314,689.04. The trade was a 60.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the sale, the executive vice president now directly owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,932 shares of company stock worth $4,965,150 over the last quarter. Corporate insiders own 0.52% of the company's stock.
About F5
(
Free Report)
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.
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