OMERS ADMINISTRATION Corp bought a new position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 14,489 shares of the network technology company’s stock, valued at approximately $6,027,000.
Several other institutional investors also recently modified their holdings of FFIV. Osmosis Investment Management UK Ltd bought a new position in F5 during the 2nd quarter worth approximately $446,000. Sanctuary Advisors LLC bought a new stake in F5 in the second quarter valued at approximately $1,246,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in F5 in the second quarter valued at approximately $306,000. Globeflex Capital L P bought a new stake in F5 in the second quarter valued at approximately $184,000. Finally, Bank of Nova Scotia acquired a new stake in F5 in the second quarter worth $2,883,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
F5 Stock Down 1.5%
Shares of FFIV stock opened at $379.04 on Tuesday. F5, Inc. has a 12-month low of $223.76 and a 12-month high of $435.00. The firm has a fifty day moving average of $403.48 and a 200-day moving average of $349.07. The company has a market capitalization of $21.47 billion, a price-to-earnings ratio of 30.18, a P/E/G ratio of 3.76 and a beta of 1.03.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on FFIV. Zacks Research cut shares of F5 from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Weiss Ratings raised F5 from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Barclays lifted their target price on F5 from $386.00 to $397.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Bank of America boosted their target price on F5 from $250.00 to $300.00 and gave the company an “underperform” rating in a research note on Tuesday, May 26th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $461.00 price target (up from $423.00) on shares of F5 in a research report on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $416.62.
View Our Latest Analysis on FFIV
Insider Buying and Selling
In related news, CTO Kunal Anand sold 392 shares of F5 stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $404.63, for a total value of $158,614.96. Following the sale, the chief technology officer owned 12,586 shares of the company’s stock, valued at approximately $5,092,673.18. This trade represents a 3.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Anthony Maddison sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $405.85, for a total value of $405,850.00. Following the completion of the sale, the insider owned 1,353 shares in the company, valued at $549,115.05. The trade was a 42.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 15,699 shares of company stock valued at $6,316,411. Corporate 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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