XTX Topco Ltd Makes New Investment in F5, Inc. (NASDAQ:FFIV)

XTX Topco Ltd purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,127 shares of the network technology company's stock, valued at approximately $1,038,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FFIV. Crowley Wealth Management Inc. bought a new stake in shares of F5 during the 4th quarter valued at about $35,000. Hurley Capital LLC bought a new position in F5 in the fourth quarter worth $43,000. Friedenthal Financial bought a new stake in shares of F5 during the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC grew its position in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after buying an additional 49 shares during the period. Finally, Smithfield Trust Co bought a new position in shares of F5 in the 4th quarter worth about $57,000. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Down 2.5 %

Shares of F5 stock traded down $6.51 during trading hours on Monday, reaching $252.10. 45,647 shares of the stock traded hands, compared to its average volume of 577,683. The company has a 50 day moving average price of $274.14 and a 200 day moving average price of $259.57. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The firm has a market capitalization of $14.53 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 3.85 and a beta of 1.14.

Insider Activity at F5

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the company's stock in a transaction dated Saturday, February 1st. The stock was 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 in the company, valued at $59,452. This represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Marianne Budnik sold 728 shares of F5 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 transaction, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on FFIV. JPMorgan Chase & Co. decreased their target price on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research note on Thursday. Royal Bank of Canada increased 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. Needham & Company LLC upped their price target on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Barclays raised their price objective on shares of F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley cut their price target on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $289.67.

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.