Evergreen Capital Management LLC increased its stake in F5, Inc. (NASDAQ:FFIV – Free Report) by 259.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,165 shares of the network technology company’s stock after purchasing an additional 2,284 shares during the period. Evergreen Capital Management LLC’s holdings in F5 were worth $808,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Railway Pension Investments Ltd raised its position in F5 by 27.0% in the 3rd quarter. Railway Pension Investments Ltd now owns 26,330 shares of the network technology company’s stock worth $8,510,000 after purchasing an additional 5,600 shares during the last quarter. Barclays PLC raised its position in F5 by 51.7% in the 3rd quarter. Barclays PLC now owns 310,368 shares of the network technology company’s stock worth $100,308,000 after purchasing an additional 105,738 shares during the last quarter. Convergence Investment Partners LLC raised its position in F5 by 128.1% in the 3rd quarter. Convergence Investment Partners LLC now owns 7,931 shares of the network technology company’s stock worth $2,563,000 after purchasing an additional 4,454 shares during the last quarter. Nordea Investment Management AB raised its position in F5 by 217.7% in the 3rd quarter. Nordea Investment Management AB now owns 229,591 shares of the network technology company’s stock worth $74,142,000 after purchasing an additional 157,318 shares during the last quarter. Finally, Alberta Investment Management Corp raised its position 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 worth $2,650,000 after purchasing an additional 5,200 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.
F5 Stock Performance
Shares of NASDAQ FFIV opened at $303.16 on Friday. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $346.00. The stock has a market cap of $17.13 billion, a P/E ratio of 25.08, a P/E/G ratio of 8.36 and a beta of 0.93. The firm has a 50 day moving average price of $290.16 and a 200 day moving average price of $274.91.
Insider Activity
In other F5 news, Director Michael L. Dreyer sold 3,067 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $282.41, for a total value of $866,151.47. Following the completion of the sale, the director directly owned 1,309 shares in the company, valued at $369,674.69. This represents a 70.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Higginson sold 1,770 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $275.25, for a total value of $487,192.50. Following the sale, the director directly owned 6,840 shares in the company, valued at approximately $1,882,710. This represents a 20.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 16,851 shares of company stock valued at $4,667,485. Company insiders own 0.48% of the company’s stock.
Wall Street Analyst Weigh In
FFIV has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on shares of F5 from $325.00 to $345.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Zacks Research upgraded shares of F5 from a “strong sell” rating to a “hold” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. upped their target price on shares of F5 from $345.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. Weiss Ratings upgraded shares of F5 from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Finally, Piper Sandler restated an “overweight” rating and issued a $325.00 price target (up from $295.00) on shares of F5 in a research report on Wednesday, January 28th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $311.00.
Get Our Latest Stock Report on F5
About F5
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.
See Also
Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5, Inc. (NASDAQ:FFIV – Free Report).
Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.
