National Pension Service increased its holdings in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 10.5% in the second quarter, Holdings Channel reports. The firm owned 14,091 shares of the network technology company’s stock after acquiring an additional 1,341 shares during the period. National Pension Service’s holdings in F5 were worth $5,861,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Persistent Asset Partners Ltd acquired a new position in shares of F5 during the second quarter worth about $36,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of F5 in the fourth quarter worth about $26,000. Hantz Financial Services Inc. grew its stake in shares of F5 by 109.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock valued at $27,000 after buying an additional 56 shares in the last quarter. Elyxium Wealth LLC acquired a new stake in shares of F5 in the fourth quarter valued at about $28,000. Finally, SJS Investment Consulting Inc. grew its stake in shares of F5 by 963.6% in the first quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock valued at $34,000 after buying an additional 106 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
F5 Stock Performance
FFIV opened at $411.71 on Friday. The company has a market capitalization of $23.32 billion, a P/E ratio of 32.78, a PEG ratio of 4.02 and a beta of 1.03. The company has a 50-day moving average of $403.49 and a 200-day moving average of $360.44. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $435.00.
Insider Activity
In other news, CEO Francois Locoh-Donou sold 3,782 shares of F5 stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 146,989 shares in the company, valued at approximately $60,624,143.16. This trade represents a 2.51% decrease in their position. The sale was disclosed in a legal 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, CTO Kunal Anand sold 392 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $404.63, for a total value of $158,614.96. Following the completion of the sale, the chief technology officer owned 12,586 shares of the company’s stock, valued at $5,092,673.18. This trade represents a 3.02% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 12,199 shares of company stock valued at $4,917,061 over the last three months. Company insiders own 0.48% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on FFIV shares. Bank of America boosted their price target on F5 from $250.00 to $300.00 and gave the stock an “underperform” rating in a research report on Tuesday, May 26th. Wall Street Zen raised shares of F5 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of F5 from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Evercore upgraded shares of F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price objective on the stock in a research note on Monday, May 18th. Finally, Morgan Stanley boosted their target price on shares of F5 from $380.00 to $415.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, F5 presently has an average rating of “Hold” and a consensus target price of $416.62.
View Our Latest Research Report on FFIV
F5 Profile
F5, Inc is a technology company that provides application delivery, security and traffic-management solutions for enterprises, service providers and government organizations. Its offerings are designed to help customers ensure the availability, performance and security of applications across on-premises data centers, public clouds and edge environments.
The company’s portfolio includes BIG-IP software and appliances, NGINX application delivery and web server technologies, and F5 Distributed Cloud Services.
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