23,286 Shares in F5, Inc. (NASDAQ:FFIV) Purchased by Aware Super Pty Ltd as trustee of Aware Super

Aware Super Pty Ltd as trustee of Aware Super bought a new stake in F5, Inc. (NASDAQ:FFIV) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 23,286 shares of the network technology company’s stock, valued at approximately $5,856,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new stake in shares of F5 during the 4th quarter worth approximately $35,000. Hurley Capital LLC bought a new stake in F5 during the fourth quarter worth $43,000. Friedenthal Financial acquired a new stake in shares of F5 in the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC increased its stake in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares during the last quarter. Finally, Smithfield Trust Co bought a new position in shares of F5 in the 4th quarter valued at $57,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Performance

Shares of NASDAQ FFIV opened at $262.69 on Tuesday. The firm has a 50 day moving average price of $277.96 and a two-hundred day moving average price of $258.43. The stock has a market cap of $15.14 billion, a P/E ratio of 26.11, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00.

Analysts Set New Price Targets

Several brokerages recently weighed in on FFIV. The Goldman Sachs Group upped their price objective on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada increased their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Needham & Company LLC lifted their price target on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Piper Sandler dropped their price objective on shares of F5 from $304.00 to $262.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Evercore ISI boosted their target price on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $285.78.

Insider Buying and Selling

In other news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company’s stock, valued at approximately $59,452. This represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Marianne Budnik sold 728 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock valued at $5,310,131 over the last 90 days. 0.52% of the stock is owned by insiders.

F5 Company 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.