Prudential PLC lifted its holdings in F5, Inc. (NASDAQ:FFIV – Free Report) by 13.5% during the second quarter, HoldingsChannel reports. The firm owned 21,381 shares of the network technology company’s stock after purchasing an additional 2,544 shares during the period. Prudential PLC’s holdings in F5 were worth $6,293,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in FFIV. Hotchkis & Wiley Capital Management LLC grew its holdings in F5 by 6.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company’s stock valued at $1,434,583,000 after buying an additional 312,415 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of F5 by 3.8% in the second quarter. Geode Capital Management LLC now owns 1,741,117 shares of the network technology company’s stock worth $511,016,000 after acquiring an additional 64,420 shares during the last quarter. Northern Trust Corp increased its position in F5 by 15.5% during the first quarter. Northern Trust Corp now owns 1,054,701 shares of the network technology company’s stock worth $280,835,000 after acquiring an additional 141,680 shares during the period. Acadian Asset Management LLC raised its stake in F5 by 24.0% during the 1st quarter. Acadian Asset Management LLC now owns 828,966 shares of the network technology company’s stock valued at $220,693,000 after purchasing an additional 160,708 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in F5 by 37.5% during the 1st quarter. AQR Capital Management LLC now owns 828,900 shares of the network technology company’s stock valued at $216,757,000 after purchasing an additional 226,231 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.
F5 Stock Performance
F5 stock opened at $234.29 on Friday. The firm has a market capitalization of $13.46 billion, a P/E ratio of 19.84, a P/E/G ratio of 7.53 and a beta of 1.08. The stock has a fifty day moving average price of $291.12 and a two-hundred day moving average price of $296.86. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $346.00. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.56 and a quick ratio of 1.56.
Analysts Set New Price Targets
Several research firms have issued reports on FFIV. Evercore ISI restated a “cautious” rating on shares of F5 in a research report on Tuesday, October 28th. Bank of America lowered their price target on F5 from $260.00 to $250.00 and set an “underperform” rating on the stock in a research note on Tuesday, October 28th. Barclays cut their price target on F5 from $321.00 to $267.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Zacks Research lowered F5 from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 11th. Finally, Piper Sandler lowered their price objective on F5 from $355.00 to $277.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $295.56.
Get Our Latest Stock Analysis on F5
Insider Activity
In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $252.98, for a total transaction of $328,874.00. Following the sale, the chief executive officer directly owned 151,623 shares of the company’s stock, valued at approximately $38,357,586.54. This represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Chad Michael Whalen sold 9,436 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $249.77, for a total transaction of $2,356,829.72. Following the sale, the executive vice president directly owned 25,641 shares of the company’s stock, valued at approximately $6,404,352.57. The trade was a 26.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 25,227 shares of company stock valued at $6,549,963 in the last ninety days. 0.52% of the stock is currently owned by corporate insiders.
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.
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