Daiichi Life Insurance Co. Ltd. purchased a new position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 18,418 shares of the network technology company’s stock, valued at approximately $7,661,000.
A number of other large investors also recently bought and sold shares of the business. Hazlett Burt & Watson Inc. purchased a new stake in F5 in the fourth quarter worth $26,000. Hantz Financial Services Inc. boosted its stake in shares of F5 by 109.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Elyxium Wealth LLC bought a new position in shares of F5 in the fourth quarter worth about $28,000. SJS Investment Consulting Inc. grew 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 worth $34,000 after purchasing an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew 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 worth $36,000 after purchasing an additional 66 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.
F5 Price Performance
FFIV stock opened at $384.63 on Friday. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $435.00. The business has a 50-day moving average price of $403.83 and a 200 day moving average price of $347.86. The company has a market capitalization 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 Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Zacks Research lowered shares of F5 from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Barclays raised their target price on shares of F5 from $386.00 to $397.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of F5 in a research note on Thursday, July 16th. Bank of America boosted their price target on F5 from $250.00 to $300.00 and gave the company an “underperform” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley increased their price objective on F5 from $380.00 to $415.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, F5 presently has an average rating of “Hold” and a consensus price target of $416.62.
Read Our Latest Report on FFIV
Insider Transactions at F5
In other news, CTO Kunal Anand sold 392 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $404.63, for a total transaction of $158,614.96. Following the transaction, the chief technology officer directly owned 12,586 shares in the company, valued at approximately $5,092,673.18. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Angelique M. Okeke sold 515 shares of F5 stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $404.49, for a total transaction of $208,312.35. Following the transaction, the executive vice president directly owned 2,240 shares in the company, valued at approximately $906,057.60. The trade was a 18.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 15,699 shares of company stock worth $6,316,411. Insiders own 0.48% of the company’s stock.
F5 Company 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.
Featured Articles
- Five stocks we like better than F5
- 2 Biotech Stocks Shaping Up for Major Breakouts
- 3 Stocks Came Roaring Back—Now They’re Flashing Warning Signs
- 3 Beaten-Down Stocks That Haven’t Gotten the Message About the S&P 500’s Record Run
- Darden Restaurants Just Hit a 52-Week High–Is the Olive Garden Comeback Story Legit?
Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5, Inc. (NASDAQ:FFIV – Free Report).
Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.
