Impact Partnership Wealth LLC bought a new position in F5, Inc. (NASDAQ:FFIV – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm bought 3,990 shares of the network technology company’s stock, valued at approximately $1,018,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Barclays PLC lifted its holdings in shares of F5 by 51.7% in the third quarter. Barclays PLC now owns 310,368 shares of the network technology company’s stock worth $100,308,000 after acquiring an additional 105,738 shares during the last quarter. Convergence Investment Partners LLC lifted its holdings in shares of F5 by 128.1% in the third quarter. Convergence Investment Partners LLC now owns 7,931 shares of the network technology company’s stock worth $2,563,000 after acquiring an additional 4,454 shares during the last quarter. Alberta Investment Management Corp raised its holdings in F5 by 173.3% in the 3rd quarter. Alberta Investment Management Corp now owns 8,200 shares of the network technology company’s stock valued at $2,650,000 after buying an additional 5,200 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in F5 by 11.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 381,350 shares of the network technology company’s stock valued at $123,249,000 after buying an additional 39,445 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in F5 in the 3rd quarter valued at approximately $1,571,000. Institutional investors own 90.66% of the company’s stock.
F5 Stock Performance
F5 stock opened at $383.45 on Friday. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $399.59. The firm has a 50 day moving average price of $327.19 and a two-hundred day moving average price of $285.86. The firm has a market cap of $21.63 billion, a price-to-earnings ratio of 31.46, a PEG ratio of 8.82 and a beta of 1.00.
Insider Activity
In other F5 news, CEO Francois Locoh-Donou sold 3,783 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $337.39, for a total transaction of $1,276,346.37. Following the completion of the transaction, the chief executive officer owned 146,989 shares in the company, valued at approximately $49,592,618.71. This trade represents a 2.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Chad Michael Whalen sold 6,200 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $350.19, for a total transaction of $2,171,178.00. Following the transaction, the executive vice president owned 20,832 shares of the company’s stock, valued at approximately $7,295,158.08. The trade was a 22.94% decrease in their position. 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 quarter, insiders have sold 24,491 shares of company stock worth $7,966,227. 0.48% of the stock is owned by insiders.
Analysts Set New Price Targets
FFIV has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $425.00 price objective on shares of F5 in a report on Friday. Evercore upgraded shares of F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price objective for the company in a report on Monday, May 18th. Barclays raised their price objective on shares of F5 from $292.00 to $386.00 and gave the company an “equal weight” rating in a report on Friday. Weiss Ratings upgraded shares of F5 from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of F5 from $355.00 to $365.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Six 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $379.89.
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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