Johnson Financial Group Inc. acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,054 shares of the network technology company’s stock, valued at approximately $2,518,000.
A number of other large investors have also bought and sold shares of FFIV. Hazlett Burt & Watson Inc. acquired a new stake in shares of F5 during the fourth quarter worth $26,000. Hantz Financial Services Inc. lifted its stake in F5 by 109.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 56 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of F5 during the 4th quarter worth approximately $28,000. SJS Investment Consulting Inc. raised its holdings in shares of F5 by 963.6% in the first quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock valued at $34,000 after purchasing an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in shares of F5 by 113.8% in the first quarter. Capital Advisors Ltd. LLC now owns 124 shares of the network technology company’s stock valued at $36,000 after purchasing an additional 66 shares during the last quarter. 90.66% of the stock is owned by institutional investors.
F5 Price Performance
Shares of FFIV stock opened at $382.63 on Thursday. The stock has a market cap of $21.67 billion, a P/E ratio of 30.46, a P/E/G ratio of 3.85 and a beta of 1.03. The company has a fifty day moving average price of $404.38 and a two-hundred day moving average price of $346.88. F5, Inc. has a one year low of $223.76 and a one year high of $435.00.
Insider Buying and Selling at F5
In other news, CEO Francois Locoh-Donou sold 3,782 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was 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. This trade represents a 2.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nikhil Ramesh Mehta sold 4,000 shares of F5 stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $388.95, for a total value of $1,555,800.00. Following the transaction, the director owned 7,043 shares of the company’s stock, valued at $2,739,374.85. This represents a 36.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,699 shares of company stock valued at $6,316,411 in the last three months. Corporate insiders own 0.48% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. Piper Sandler restated an “overweight” rating and set a $461.00 target price (up from $423.00) on shares of F5 in a report on Tuesday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of F5 from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 28th. Evercore upgraded shares of F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price objective for the company in a research note on Monday, May 18th. Wall Street Zen raised F5 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of F5 in a report on Thursday, July 16th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $416.62.
Read Our Latest Analysis on F5
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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