Canada Pension Plan Investment Board purchased a new stake in F5, Inc. (NASDAQ:FFIV – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 44,610 shares of the network technology company’s stock, valued at approximately $18,556,000. Canada Pension Plan Investment Board owned about 0.08% of F5 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the business. Pinnacle Wealth Management Advisory Group LLC boosted its stake in F5 by 2.6% in the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,447 shares of the network technology company’s stock valued at $419,000 after buying an additional 36 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in F5 by 3.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the network technology company’s stock worth $309,000 after acquiring an additional 39 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its stake in F5 by 4.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 968 shares of the network technology company’s stock worth $247,000 after acquiring an additional 41 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of F5 by 4.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,047 shares of the network technology company’s stock worth $338,000 after acquiring an additional 45 shares during the last quarter. Finally, Optas LLC boosted its stake in shares of F5 by 4.7% in the 1st quarter. Optas LLC now owns 1,035 shares of the network technology company’s stock valued at $299,000 after purchasing an additional 46 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.
F5 Price Performance
F5 stock opened at $394.24 on Friday. The business has a 50 day moving average of $404.32 and a 200-day moving average of $351.96. F5, Inc. has a 1 year low of $223.76 and a 1 year high of $435.00. The company has a market capitalization of $22.33 billion, a P/E ratio of 31.39, a P/E/G ratio of 4.01 and a beta of 1.03.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and set a $461.00 price target (up from $423.00) on shares of F5 in a report on Tuesday, July 28th. Morgan Stanley raised their target price on shares of F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded shares of F5 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of F5 from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of F5 from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Five investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and an average price target of $416.62.
Insider Activity at F5
In other F5 news, CFO Edward Cooper Werner sold 2,500 shares of F5 stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $400.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer directly owned 406 shares of the company’s stock, valued at approximately $162,400. The trade was a 86.03% decrease in their position. The sale was disclosed in a filing 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, 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 value of $405,850.00. Following the transaction, the insider directly owned 1,353 shares in the company, valued at $549,115.05. The trade was a 42.50% 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. Insiders have sold 15,699 shares of company stock valued at $6,316,411 in the last quarter. 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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