Andra AP fonden raised its position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 82,000 shares of the network technology company’s stock after buying an additional 3,800 shares during the quarter. Andra AP fonden owned about 0.14% of F5 worth $26,502,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new position in shares of F5 in the 3rd quarter worth about $37,000. Geneos Wealth Management Inc. boosted its stake in F5 by 288.1% during the first quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock worth $43,000 after acquiring an additional 121 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in F5 in the second quarter worth about $45,000. Root Financial Partners LLC purchased a new stake in F5 in the third quarter worth about $49,000. Finally, SJS Investment Consulting Inc. increased its stake in shares of F5 by 2,128.6% during the third quarter. SJS Investment Consulting Inc. now owns 156 shares of the network technology company’s stock valued at $50,000 after purchasing an additional 149 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.
F5 Price Performance
NASDAQ FFIV opened at $277.52 on Friday. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 22.95, a PEG ratio of 7.89 and a beta of 1.00. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $346.00. The business’s fifty day moving average price is $269.73 and its 200-day moving average price is $282.80.
Wall Street Analyst Weigh In
FFIV has been the topic of a number of analyst reports. Weiss Ratings cut F5 from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 27th. Zacks Research upgraded F5 from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Barclays boosted their target price on F5 from $267.00 to $283.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 28th. Wall Street Zen cut F5 from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Finally, Morgan Stanley lowered their price target on F5 from $336.00 to $296.00 and set an “equal weight” rating for the company in a research report on Wednesday, December 17th. Five analysts have rated the stock with a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $309.89.
Check Out Our Latest Research Report on FFIV
Insider Buying and Selling at F5
In related news, Director Alan Higginson sold 1,770 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $275.25, for a total value of $487,192.50. Following the transaction, the director owned 6,840 shares of the company’s stock, valued at approximately $1,882,710. This trade represents a 20.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 3,343 shares of the business’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $261.87, for a total transaction of $875,431.41. Following the sale, the executive vice president owned 8,060 shares of the company’s stock, valued at $2,110,672.20. This trade represents a 29.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 22,918 shares of company stock worth $6,044,189 over the last quarter. Company 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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