Forsta AP Fonden Boosts Holdings in F5, Inc. (NASDAQ:FFIV)

Forsta AP Fonden lifted its position in shares of F5, Inc. (NASDAQ:FFIVGet Rating) by 294.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,700 shares of the network technology company’s stock after acquiring an additional 5,000 shares during the quarter. Forsta AP Fonden’s holdings in F5 were worth $1,025,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. CIBC Asset Management Inc boosted its stake in shares of F5 by 1.2% during the 1st quarter. CIBC Asset Management Inc now owns 5,818 shares of the network technology company’s stock worth $1,216,000 after acquiring an additional 68 shares in the last quarter. Brinker Capital Investments LLC boosted its stake in shares of F5 by 1.1% during the 1st quarter. Brinker Capital Investments LLC now owns 6,342 shares of the network technology company’s stock worth $1,325,000 after acquiring an additional 70 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of F5 by 9.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 922 shares of the network technology company’s stock worth $141,000 after acquiring an additional 78 shares in the last quarter. CWM LLC boosted its stake in shares of F5 by 25.6% during the 2nd quarter. CWM LLC now owns 387 shares of the network technology company’s stock worth $59,000 after acquiring an additional 79 shares in the last quarter. Finally, Commerce Bank boosted its stake in shares of F5 by 3.8% during the 1st quarter. Commerce Bank now owns 2,490 shares of the network technology company’s stock worth $520,000 after acquiring an additional 92 shares in the last quarter. 93.62% of the stock is owned by hedge funds and other institutional investors.

F5 Price Performance

F5 stock opened at $149.37 on Monday. The firm has a 50 day simple moving average of $145.90 and a 200-day simple moving average of $155.46. F5, Inc. has a 1-year low of $133.68 and a 1-year high of $249.00. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 28.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.09.

Analyst Ratings Changes

FFIV has been the topic of several recent analyst reports. Barclays lowered their target price on shares of F5 from $205.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Cowen reduced their price target on shares of F5 from $212.00 to $208.00 and set an “outperform” rating for the company in a research report on Tuesday, July 26th. Needham & Company LLC reduced their price target on shares of F5 from $303.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Piper Sandler reduced their price target on shares of F5 from $173.00 to $164.00 and set a “neutral” rating for the company in a research report on Wednesday, October 26th. Finally, Evercore ISI reduced their price target on shares of F5 to $155.00 in a research report on Thursday, October 20th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $190.23.

Insider Activity

In other news, CMO Mika Yamamoto sold 5,442 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $141.27, for a total value of $768,791.34. Following the completion of the sale, the chief marketing officer now owns 7,800 shares of the company’s stock, valued at approximately $1,101,906. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CMO Mika Yamamoto sold 5,442 shares of the stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $141.27, for a total value of $768,791.34. Following the completion of the sale, the chief marketing officer now owns 7,800 shares of the company’s stock, valued at approximately $1,101,906. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ana Maria White sold 170 shares of the stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $149.95, for a total transaction of $25,491.50. Following the completion of the sale, the executive vice president now directly owns 36,250 shares of the company’s stock, valued at approximately $5,435,687.50. The disclosure for this sale can be found here. Insiders sold a total of 12,157 shares of company stock valued at $1,722,035 in the last 90 days. Company insiders own 0.46% of the company’s stock.

F5 Profile

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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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