Vise Technologies Inc. bought a new stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 8,632 shares of the network technology company’s stock, valued at approximately $3,590,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in FFIV. BlackRock Inc. acquired a new position in F5 in the second quarter worth about $2,611,637,000. Jericho Capital Asset Management L.P. acquired a new stake in F5 during the fourth quarter valued at approximately $579,699,000. Northwestern Mutual Wealth Management Co. boosted its holdings in F5 by 15,103.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,216 shares of the network technology company’s stock valued at $298,709,000 after purchasing an additional 1,162,519 shares in the last quarter. First Trust Advisors LP grew its stake in shares of F5 by 68.5% in the 4th quarter. First Trust Advisors LP now owns 2,753,652 shares of the network technology company’s stock valued at $702,897,000 after purchasing an additional 1,119,291 shares during the period. Finally, Norges Bank bought a new stake in shares of F5 in the 4th quarter valued at approximately $205,706,000. Institutional investors own 90.66% of the company’s stock.
F5 Trading Up 1.8%
Shares of FFIV stock opened at $384.63 on Friday. F5, Inc. has a 1 year low of $223.76 and a 1 year high of $435.00. The firm’s 50 day moving average is $403.83 and its 200-day moving average is $347.86. The firm has a market capitalization of $21.78 billion, a price-to-earnings ratio of 30.62, a PEG ratio of 3.69 and a beta of 1.03.
Analysts Set New Price Targets
FFIV has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on F5 from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research note on Tuesday, July 28th. Evercore upgraded F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price objective for the company in a research note on Monday, May 18th. Piper Sandler reissued an “overweight” rating and set a $461.00 price objective (up from $423.00) on shares of F5 in a report on Tuesday, July 28th. Finally, Barclays boosted their target price on shares of F5 from $386.00 to $397.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $416.62.
Check Out Our Latest Stock Report on FFIV
Insider Buying and Selling at F5
In related news, CEO Francois Locoh-Donou sold 3,782 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $412.44, for a total value of $1,559,848.08. Following the transaction, the chief executive officer owned 146,989 shares in the company, valued at $60,624,143.16. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nikhil Ramesh Mehta sold 4,000 shares of F5 stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $388.95, for a total value of $1,555,800.00. Following the completion of the sale, the director owned 7,043 shares of the company’s stock, valued at approximately $2,739,374.85. The trade was a 36.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 15,699 shares of company stock valued at $6,316,411 over the last ninety days. Company insiders own 0.48% of the company’s stock.
F5 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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