Harvest Fund Management Co. Ltd Takes $1.38 Million Position in F5, Inc. (NASDAQ:FFIV)

Harvest Fund Management Co. Ltd purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 5,498 shares of the network technology company’s stock, valued at approximately $1,382,000.

Several other large investors have also recently bought and sold shares of FFIV. Vinva Investment Management Ltd grew its stake in F5 by 675.0% during the 4th quarter. Vinva Investment Management Ltd now owns 41,324 shares of the network technology company’s stock valued at $10,433,000 after acquiring an additional 35,992 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in F5 during the fourth quarter valued at approximately $522,000. Intech Investment Management LLC increased its stake in F5 by 96.9% in the 4th quarter. Intech Investment Management LLC now owns 69,259 shares of the network technology company’s stock valued at $17,417,000 after buying an additional 34,081 shares during the period. Generali Asset Management SPA SGR purchased a new stake in F5 in the 4th quarter worth approximately $3,343,000. Finally, Tocqueville Asset Management L.P. boosted its stake in shares of F5 by 2.9% during the 4th quarter. Tocqueville Asset Management L.P. now owns 11,686 shares of the network technology company’s stock valued at $2,939,000 after buying an additional 325 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at F5

In other F5 news, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the transaction, the director now owns 1,207 shares of the company’s stock, valued at $314,689.04. This represents a 60.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction that occurred on 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 $59,452. This represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,932 shares of company stock worth $4,965,150. Company insiders own 0.52% of the company’s stock.

F5 Price Performance

Shares of FFIV opened at $270.21 on Thursday. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The company’s fifty day moving average price is $283.39 and its 200 day moving average price is $251.29. The company has a market capitalization of $15.58 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Bank of America increased their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. Evercore ISI lifted their price target on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. The Goldman Sachs Group increased their price objective on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their price objective on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC boosted their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $295.00.

About F5

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.