Allianz Asset Management GmbH raised its position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 121.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 364,355 shares of the network technology company’s stock after purchasing an additional 199,723 shares during the quarter. Allianz Asset Management GmbH’s holdings in F5 were worth $93,005,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. bought a new position in shares of F5 in the 4th quarter worth about $26,000. Hantz Financial Services Inc. increased its stake in shares of F5 by 109.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of F5 in the 4th quarter worth about $28,000. Abich Financial Wealth Management LLC bought a new position in shares of F5 in the 3rd quarter worth about $37,000. Finally, Torren Management LLC bought a new position in shares of F5 in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.
F5 Stock Performance
Shares of FFIV stock opened at $390.77 on Thursday. F5, Inc. has a one year low of $223.76 and a one year high of $411.52. The company’s 50-day moving average is $344.96 and its 200 day moving average is $295.60. The company has a market capitalization of $22.05 billion, a price-to-earnings ratio of 32.06, a price-to-earnings-growth ratio of 4.64 and a beta of 1.04.
Analysts Set New Price Targets
FFIV has been the subject of several research reports. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on shares of F5 from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings upgraded shares of F5 from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Morgan Stanley increased their price target on shares of F5 from $340.00 to $380.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 20th. Finally, Barclays increased their price objective on shares of F5 from $292.00 to $386.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $382.67.
Read Our Latest Stock Report on F5
Insider Activity at F5
In other news, EVP Thomas Dean Fountain sold 1,328 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $330.58, for a total transaction of $439,010.24. Following the sale, the executive vice president owned 8,060 shares of the company’s stock, valued at $2,664,474.80. This trade represents a 14.15% decrease in their position. The sale was disclosed in a legal 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 the firm’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $400.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer directly owned 406 shares in the company, valued at approximately $162,400. The trade was 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. Insiders sold a total of 21,579 shares of company stock worth $7,437,510 in the last ninety days. 0.48% of the stock is currently owned by company 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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