Swiss National Bank boosted its stake in F5, Inc. (NASDAQ:FFIV – Free Report) by 8.3% in the first quarter, Holdings Channel reports. The institutional investor owned 170,480 shares of the network technology company’s stock after acquiring an additional 13,040 shares during the quarter. Swiss National Bank’s holdings in F5 were worth $49,325,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Millennium Management LLC raised its holdings in shares of F5 by 166.5% during the first quarter. Millennium Management LLC now owns 62,906 shares of the network technology company’s stock worth $16,750,000 after acquiring an additional 39,305 shares in the last quarter. NewEdge Advisors LLC increased its position in F5 by 1,281.4% in the 1st quarter. NewEdge Advisors LLC now owns 967 shares of the network technology company’s stock worth $257,000 after purchasing an additional 897 shares during the last quarter. Goldman Sachs Group Inc. increased its position in F5 by 38.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 298,297 shares of the network technology company’s stock worth $79,428,000 after purchasing an additional 82,835 shares during the last quarter. Focus Partners Wealth purchased a new stake in shares of F5 during the 1st quarter worth about $257,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of F5 by 288.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock worth $43,000 after purchasing an additional 121 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.
F5 Stock Performance
Shares of NASDAQ FFIV opened at $400.61 on Thursday. The firm has a market cap of $22.60 billion, a price-to-earnings ratio of 32.86, a P/E/G ratio of 4.79 and a beta of 1.03. The business’s 50-day simple moving average is $399.17 and its 200-day simple moving average is $328.07. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $435.00.
Analyst Upgrades and Downgrades
Several brokerages recently commented on FFIV. JPMorgan Chase & Co. boosted their price target on F5 from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Morgan Stanley lifted their target price on shares of F5 from $340.00 to $380.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 20th. Zacks Research raised shares of F5 from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Needham & Company LLC restated a “hold” rating on shares of F5 in a research note on Wednesday, April 29th. Finally, Barclays raised their price target on shares of F5 from $292.00 to $386.00 and gave the company an “equal weight” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $382.67.
Get Our Latest Stock Analysis on FFIV
Insider Buying and Selling
In related news, EVP Chad Michael Whalen sold 6,200 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $350.19, for a total value of $2,171,178.00. Following the transaction, the executive vice president directly owned 20,832 shares in the company, valued at approximately $7,295,158.08. This trade represents a 22.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Edward Cooper Werner sold 2,500 shares of F5 stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $400.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer owned 406 shares in the company, valued at $162,400. This trade represents a 86.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 22,579 shares of company stock valued at $7,836,860. 0.48% of the stock is owned by corporate insiders.
About F5
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.
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