BI Asset Management Fondsmaeglerselskab A S cut its position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 48.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,954 shares of the network technology company’s stock after selling 7,591 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in F5 were worth $2,030,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Barclays PLC increased its position in shares of F5 by 51.7% during the third quarter. Barclays PLC now owns 310,368 shares of the network technology company’s stock valued at $100,308,000 after purchasing an additional 105,738 shares during the period. Norges Bank bought a new stake in shares of F5 during the fourth quarter valued at approximately $205,706,000. Alberta Investment Management Corp increased its position in shares of F5 by 173.3% during the third quarter. Alberta Investment Management Corp now owns 8,200 shares of the network technology company’s stock valued at $2,650,000 after purchasing an additional 5,200 shares during the period. JPMorgan Chase & Co. increased its position in shares of F5 by 11.5% during the third quarter. JPMorgan Chase & Co. now owns 381,350 shares of the network technology company’s stock valued at $123,249,000 after purchasing an additional 39,445 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of F5 during the third quarter valued at approximately $1,571,000. 90.66% of the stock is currently owned by institutional investors.
F5 Stock Performance
F5 stock opened at $396.19 on Tuesday. The firm has a market cap of $22.35 billion, a P/E ratio of 32.50, a P/E/G ratio of 9.05 and a beta of 1.04. The business’s fifty day moving average is $340.47 and its two-hundred day moving average is $293.23. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $411.52.
Insider Buying and Selling
In other F5 news, EVP Thomas Dean Fountain sold 1,328 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $330.58, for a total value of $439,010.24. Following the transaction, the executive vice president owned 8,060 shares of the company’s stock, valued at approximately $2,664,474.80. The trade was a 14.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Francois Locoh-Donou sold 3,783 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $337.39, for a total value of $1,276,346.37. Following the completion of the transaction, the chief executive officer directly owned 146,989 shares in the company, valued at approximately $49,592,618.71. This represents a 2.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 21,579 shares of company stock valued at $7,437,510. Insiders own 0.48% of the company’s stock.
Wall Street Analysts Forecast Growth
FFIV has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on F5 from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Morgan Stanley upped their price target on F5 from $340.00 to $380.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 20th. Barclays upped their price target on F5 from $292.00 to $386.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $425.00 price target on shares of F5 in a research report on Friday, May 29th. Finally, Piper Sandler upped their price target on F5 from $356.00 to $423.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Six research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $379.89.
Check Out Our Latest Report on F5
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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