Walleye Capital LLC Makes New Investment in F5, Inc. (NASDAQ:FFIV)

Walleye Capital LLC acquired a new stake in F5, Inc. (NASDAQ:FFIVGet Rating) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,345 shares of the network technology company’s stock, valued at approximately $206,000.

Other hedge funds have also recently modified their holdings of the company. Commerce Bank increased its position in shares of F5 by 3.8% during the first quarter. Commerce Bank now owns 2,490 shares of the network technology company’s stock valued at $520,000 after buying an additional 92 shares during the period. Kentucky Retirement Systems boosted its stake in F5 by 15.9% during the second quarter. Kentucky Retirement Systems now owns 4,488 shares of the network technology company’s stock worth $687,000 after acquiring an additional 617 shares in the last quarter. Klingman & Associates LLC bought a new stake in F5 during the first quarter worth about $362,000. Pinebridge Investments L.P. boosted its stake in F5 by 106.7% during the second quarter. Pinebridge Investments L.P. now owns 24,897 shares of the network technology company’s stock worth $3,810,000 after acquiring an additional 12,852 shares in the last quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund boosted its stake in F5 by 12.8% during the first quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 1,793 shares of the network technology company’s stock worth $375,000 after acquiring an additional 203 shares in the last quarter. Hedge funds and other institutional investors own 93.62% of the company’s stock.

Insider Activity

In related news, EVP Chad Michael Whalen sold 2,493 shares of the company’s stock in a transaction on Wednesday, November 2nd. The stock was sold at an average price of $141.16, for a total transaction of $351,911.88. Following the completion of the transaction, the executive vice president now directly owns 14,460 shares in the company, valued at approximately $2,041,173.60. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, EVP Ana Maria White sold 170 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $149.95, for a total value of $25,491.50. Following the transaction, the executive vice president now directly owns 36,250 shares of the company’s stock, valued at approximately $5,435,687.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chad Michael Whalen sold 2,493 shares of the firm’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $141.16, for a total value of $351,911.88. Following the completion of the transaction, the executive vice president now directly owns 14,460 shares in the company, valued at $2,041,173.60. The disclosure for this sale can be found here. Insiders have sold 12,157 shares of company stock valued at $1,722,035 in the last three months. Corporate insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

FFIV has been the topic of several research reports. Cowen dropped their price objective on shares of F5 from $212.00 to $208.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 26th. StockNews.com initiated coverage on shares of F5 in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Credit Suisse Group upped their target price on shares of F5 from $169.00 to $173.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 26th. Evercore ISI lowered their price objective on shares of F5 to $155.00 in a research report on Thursday, October 20th. Finally, Barclays lowered their price objective on shares of F5 from $205.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, F5 currently has a consensus rating of “Hold” and an average target price of $190.23.

F5 Stock Performance

Shares of FFIV opened at $149.37 on Friday. The company’s 50-day simple moving average is $145.90 and its 200-day simple moving average is $155.61. F5, Inc. has a 1 year low of $133.68 and a 1 year high of $249.00. The stock has a market capitalization of $9.02 billion, a PE ratio of 28.24, a P/E/G ratio of 1.72 and a beta of 1.09.

F5 Profile

(Get Rating)

F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

Further Reading

Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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