Machina Capital S.A.S. Invests $273,000 in F5, Inc. (NASDAQ:FFIV)

Machina Capital S.A.S. purchased a new position in F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,085 shares of the network technology company’s stock, valued at approximately $273,000.

Several other hedge funds have also recently modified their holdings of FFIV. Los Angeles Capital Management LLC lifted its position in shares of F5 by 1,681.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock worth $62,898,000 after purchasing an additional 269,602 shares during the period. Edge Capital Group LLC purchased a new stake in shares of F5 in the 4th quarter worth approximately $59,623,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of F5 in the 4th quarter worth approximately $53,212,000. Hotchkis & Wiley Capital Management LLC lifted its position in shares of F5 by 3.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after purchasing an additional 191,020 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in shares of F5 in the 3rd quarter worth approximately $35,090,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Morgan Stanley increased their target price on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Piper Sandler increased their target price on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Needham & Company LLC increased their target price on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Bank of America increased their target price on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada increased their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $295.00.

Insiders Place Their Bets

In other news, Director Marianne Budnik sold 728 shares of the stock in a transaction 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 sale, the director now owns 1,770 shares in the company, valued at $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,060 shares of company stock valued at $4,477,083. Insiders own 0.52% of the company’s stock.

F5 Trading Down 0.0 %

NASDAQ FFIV opened at $275.63 on Monday. The company has a fifty day simple moving average of $281.73 and a two-hundred day simple moving average of $247.97. The stock has a market cap of $15.89 billion, a P/E ratio of 27.40, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00.

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.