Potentia Wealth Invests $762,000 in F5, Inc. (NASDAQ:FFIV)

Potentia Wealth acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the 4th quarter, Holdings Channel reports. The fund acquired 3,032 shares of the network technology company’s stock, valued at approximately $762,000.

A number of other large investors also recently modified their holdings of the company. B. Metzler seel. Sohn & Co. Holding AG bought a new position in F5 during the third quarter valued at approximately $271,000. Commerce Bank raised its stake in F5 by 3.2% in the third quarter. Commerce Bank now owns 2,485 shares of the network technology company’s stock worth $547,000 after buying an additional 78 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of F5 in the 3rd quarter valued at approximately $1,428,000. Great Valley Advisor Group Inc. purchased a new position in F5 in the 3rd quarter worth $235,000. Finally, Cerity Partners LLC boosted its position in F5 by 16.6% in the third quarter. Cerity Partners LLC now owns 6,722 shares of the network technology company’s stock valued at $1,480,000 after buying an additional 955 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Trading Up 2.2 %

Shares of NASDAQ FFIV opened at $274.31 on Tuesday. The stock has a market capitalization of $15.81 billion, a PE ratio of 27.27, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The stock has a fifty day simple moving average of $284.24 and a 200-day simple moving average of $253.12.

Wall Street Analysts Forecast Growth

FFIV has been the topic of several analyst reports. Piper Sandler raised their target price on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Needham & Company LLC upped their price objective on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Evercore ISI lifted their price target on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Bank of America increased their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Finally, Barclays lifted their target price on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $295.00.

Insider Activity at F5

In related news, Director Marianne Budnik sold 1,872 shares of F5 stock in a transaction that occurred on Friday, March 14th. The shares were 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 in the company, valued at $314,689.04. The trade was a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the transaction, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,932 shares of company stock worth $4,965,150 in the last three months. 0.52% of the stock is owned by company 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.