UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in F5, Inc. (NASDAQ:FFIV – Free Report) by 24.8% during the second quarter, HoldingsChannel.com reports. The fund owned 726,844 shares of the network technology company’s stock after buying an additional 144,534 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in F5 were worth $302,338,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Mufg Securities Americas Inc. lifted its stake in F5 by 8.6% during the second quarter. Mufg Securities Americas Inc. now owns 1,699 shares of the network technology company’s stock worth $707,000 after purchasing an additional 135 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of F5 in the 2nd quarter valued at $448,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of F5 in the 2nd quarter valued at $15,926,000. Empowered Funds LLC acquired a new position in shares of F5 during the 2nd quarter worth $10,316,000. Finally, United Capital Financial Advisors LLC bought a new stake in shares of F5 during the 2nd quarter worth $19,829,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
F5 Stock Performance
Shares of FFIV opened at $407.13 on Tuesday. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $435.00. The stock has a market capitalization of $23.06 billion, a price-to-earnings ratio of 32.41, a PEG ratio of 3.85 and a beta of 1.03. The stock has a fifty day moving average of $404.64 and a 200-day moving average of $353.35.
Insider Activity
In other news, insider John Anthony Maddison sold 1,000 shares of F5 stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $405.85, for a total transaction of $405,850.00. Following the sale, the insider directly owned 1,353 shares of the company’s stock, valued at approximately $549,115.05. This trade represents a 42.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Angelique M. Okeke sold 515 shares of the business’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $404.49, for a total value of $208,312.35. Following the sale, the executive vice president owned 2,240 shares in the company, valued at approximately $906,057.60. This trade represents a 18.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 13,199 shares of company stock valued at $5,316,411. 0.48% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
FFIV has been the topic of several research analyst reports. Zacks Research lowered F5 from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. JPMorgan Chase & Co. boosted their target price on F5 from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Morgan Stanley increased their target price on shares of F5 from $380.00 to $415.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Piper Sandler restated an “overweight” rating and issued a $461.00 price target (up from $423.00) on shares of F5 in a research note on Tuesday, July 28th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of F5 in a report on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, F5 has a consensus rating of “Hold” and an average price target of $416.62.
Get Our Latest Analysis on FFIV
About F5
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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