Prospera Financial Services Inc grew its stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 54.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,815 shares of the network technology company’s stock after purchasing an additional 1,697 shares during the quarter. Prospera Financial Services Inc’s holdings in F5 were worth $1,417,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in FFIV. Cerity Partners LLC boosted its position in F5 by 129.2% during the 1st quarter. Cerity Partners LLC now owns 16,456 shares of the network technology company’s stock valued at $4,382,000 after buying an additional 9,277 shares during the period. Xponance Inc. boosted its holdings in shares of F5 by 1.7% during the first quarter. Xponance Inc. now owns 8,191 shares of the network technology company’s stock worth $2,181,000 after purchasing an additional 140 shares during the period. CWM LLC boosted its holdings in shares of F5 by 102.8% during the first quarter. CWM LLC now owns 3,534 shares of the network technology company’s stock worth $941,000 after purchasing an additional 1,791 shares during the period. MQS Management LLC bought a new stake in shares of F5 in the first quarter worth about $355,000. Finally, Edgestream Partners L.P. purchased a new position in F5 during the 1st quarter valued at about $4,393,000. 90.66% of the stock is owned by hedge funds and other institutional investors.
F5 Stock Performance
Shares of F5 stock opened at $238.51 on Wednesday. F5, Inc. has a 12 month low of $227.04 and a 12 month high of $346.00. The firm has a market capitalization of $13.70 billion, a P/E ratio of 20.20, a P/E/G ratio of 7.53 and a beta of 1.08. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.22. The business has a fifty day simple moving average of $305.43 and a two-hundred day simple moving average of $299.22.
Analyst Upgrades and Downgrades
Several research firms have weighed in on FFIV. Royal Bank Of Canada dropped their price objective on F5 from $350.00 to $315.00 and set a “sector perform” rating for the company in a report on Tuesday, October 28th. Evercore ISI reaffirmed a “cautious” rating on shares of F5 in a research note on Tuesday, October 28th. Wall Street Zen cut shares of F5 from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Morgan Stanley reduced their price objective on shares of F5 from $352.00 to $336.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 28th. Finally, Piper Sandler dropped their target price on shares of F5 from $355.00 to $277.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $295.56.
Check Out Our Latest Report on F5
Insider Buying and Selling at F5
In other news, insider Lyra Amber Schramm sold 2,701 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $316.57, for a total value of $855,055.57. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $252.98, for a total value of $328,874.00. Following the transaction, the chief executive officer directly owned 151,623 shares of the company’s stock, valued at approximately $38,357,586.54. This trade represents a 0.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,117 shares of company stock valued at $6,297,504 over the last ninety days. Company insiders own 0.52% of the company’s stock.
F5 Profile
F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company’s distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.
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