Ieq Capital LLC bought a new position in F5, Inc. (NASDAQ:FFIV – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 16,895 shares of the network technology company’s stock, valued at approximately $7,028,000.
Several other hedge funds have also recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC grew its position 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 worth $419,000 after acquiring an additional 36 shares in the last quarter. Smartleaf Asset Management LLC raised its position 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 valued at $309,000 after purchasing an additional 39 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position 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 valued at $247,000 after purchasing an additional 41 shares during the period. Coldstream Capital Management Inc. raised its position in F5 by 4.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,047 shares of the network technology company’s stock valued at $338,000 after purchasing an additional 45 shares during the period. Finally, Optas LLC lifted 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 during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
F5 Price Performance
FFIV opened at $384.63 on Monday. The business has a fifty day moving average of $403.83 and a 200 day moving average of $348.33. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $435.00. The stock has a market cap of $21.78 billion, a P/E ratio of 30.62, a PEG ratio of 3.76 and a beta of 1.03.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price target on F5 from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, July 28th. Barclays lifted their price objective on shares of F5 from $386.00 to $397.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. Piper Sandler reiterated an “overweight” rating and set a $461.00 price objective (up from $423.00) on shares of F5 in a research report on Tuesday, July 28th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of F5 in a research note on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $416.62.
Check Out Our Latest Analysis on F5
Insider Transactions at F5
In other F5 news, CEO Francois Locoh-Donou sold 3,782 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $412.44, for a total value of $1,559,848.08. Following the completion of the sale, the chief executive officer directly owned 146,989 shares of the company’s stock, valued at $60,624,143.16. The trade was a 2.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Edward Cooper Werner sold 2,500 shares of the business’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $400.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer directly owned 406 shares of the company’s stock, valued at approximately $162,400. This trade represents a 86.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 15,699 shares of company stock valued at $6,316,411. 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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