Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 55.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 3,550 shares of the network technology company’s stock after buying an additional 1,270 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in F5 were worth $1,027,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the stock. Millennium Management LLC lifted its stake in shares of F5 by 166.5% in the first quarter. Millennium Management LLC now owns 62,906 shares of the network technology company’s stock worth $16,750,000 after acquiring an additional 39,305 shares during the period. NewEdge Advisors LLC boosted its holdings in F5 by 1,281.4% in the first quarter. NewEdge Advisors LLC now owns 967 shares of the network technology company’s stock valued at $257,000 after acquiring an additional 897 shares during the last quarter. Goldman Sachs Group Inc. increased its position in F5 by 38.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 298,297 shares of the network technology company’s stock valued at $79,428,000 after purchasing an additional 82,835 shares during the period. Focus Partners Wealth acquired a new stake in F5 during the 1st quarter valued at approximately $257,000. Finally, Geneos Wealth Management Inc. raised its holdings in F5 by 288.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock worth $43,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.
F5 Stock Up 3.6%
Shares of FFIV stock opened at $402.57 on Friday. The firm has a 50 day moving average of $401.57 and a 200-day moving average of $333.91. The company has a market cap of $22.71 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 3.97 and a beta of 1.03. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $435.00.
Insider Activity
In related news, CTO Kunal Anand sold 3,123 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $322.33, for a total transaction of $1,006,636.59. Following the transaction, the chief technology officer directly owned 12,194 shares of the company’s stock, valued at approximately $3,930,492.02. This represents a 20.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Edward Cooper Werner sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $400.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer directly owned 406 shares in the company, valued at approximately $162,400. This trade represents a 86.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 22,579 shares of company stock valued at $7,836,860. Corporate insiders own 0.48% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on FFIV shares. Weiss Ratings restated a “buy (b-)” rating on shares of F5 in a research report on Friday, June 26th. Morgan Stanley lifted their target price on shares of F5 from $380.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Royal Bank Of Canada restated an “outperform” rating on shares of F5 in a report on Thursday, July 16th. Bank of America increased their price target on F5 from $250.00 to $300.00 and gave the stock an “underperform” rating in a report on Tuesday, May 26th. Finally, Zacks Research downgraded F5 from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $416.62.
Read Our Latest Analysis on FFIV
F5 Company Profile
F5 Inc (NASDAQ:FFIV) specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company’s core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.
At the heart of F5’s product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.
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