Westerkirk Capital Inc. acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,707 shares of the network technology company’s stock, valued at approximately $1,385,000.
Other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its position in F5 by 275.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 90 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 66 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC lifted its stake in shares of F5 by 134.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Groupe la Francaise bought a new stake in F5 during the first quarter valued at about $34,000. Flaharty Asset Management LLC purchased a new position in F5 in the first quarter valued at about $35,000. Finally, Geneos Wealth Management Inc. grew its stake in F5 by 288.1% in the first quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock valued at $43,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.
F5 Trading Down 0.0%
NASDAQ FFIV opened at $238.52 on Wednesday. F5, Inc. has a 12-month low of $223.76 and a 12-month high of $346.00. The company has a fifty day simple moving average of $278.76 and a two-hundred day simple moving average of $295.27. The stock has a market cap of $13.86 billion, a P/E ratio of 20.20, a P/E/G ratio of 7.60 and a beta of 0.99.
Insider Transactions at F5
In related news, insider Lyra Amber Schramm sold 2,701 shares of F5 stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $316.57, for a total transaction of $855,055.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $252.98, for a total value of $328,874.00. Following the completion of the sale, the chief executive officer owned 151,623 shares in the company, valued at approximately $38,357,586.54. This represents a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 26,337 shares of company stock valued at $6,810,713 over the last three months. Company insiders own 0.52% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of F5 from $320.00 to $295.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Royal Bank Of Canada decreased their target price on shares of F5 from $350.00 to $315.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 28th. Bank of America cut their price target on shares of F5 from $260.00 to $250.00 and set an “underperform” rating on the stock in a report on Tuesday, October 28th. Evercore ISI reaffirmed a “cautious” rating on shares of F5 in a research report on Tuesday, October 28th. Finally, Zacks Research cut F5 from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $295.56.
Get Our Latest Research Report on FFIV
F5 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.
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