Metis Global Partners LLC Acquires 1,532 Shares of F5, Inc. (NASDAQ:FFIV)

Metis Global Partners LLC lifted its holdings in F5, Inc. (NASDAQ:FFIV) by 33.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,052 shares of the network technology company’s stock after acquiring an additional 1,532 shares during the period. Metis Global Partners LLC’s holdings in F5 were worth $1,522,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Fisher Asset Management LLC lifted its holdings in shares of F5 by 163.3% in the 4th quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company’s stock valued at $20,121,000 after acquiring an additional 49,629 shares during the last quarter. Linscomb Wealth Inc. lifted its holdings in shares of F5 by 4.6% in the 4th quarter. Linscomb Wealth Inc. now owns 9,945 shares of the network technology company’s stock valued at $2,501,000 after acquiring an additional 436 shares during the last quarter. QRG Capital Management Inc. lifted its stake in F5 by 4.2% in the fourth quarter. QRG Capital Management Inc. now owns 4,229 shares of the network technology company’s stock worth $1,063,000 after purchasing an additional 172 shares during the last quarter. Versor Investments LP bought a new stake in F5 in the fourth quarter worth about $1,657,000. Finally, Otter Creek Advisors LLC bought a new stake in F5 in the fourth quarter worth about $3,237,000. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

FFIV has been the subject of several analyst reports. Piper Sandler raised their price objective on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley raised their price objective on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada raised their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Needham & Company LLC raised their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI raised their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $295.00.

F5 Stock Performance

Shares of NASDAQ:FFIV opened at $284.15 on Tuesday. The firm has a market cap of $16.38 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. The firm’s 50 day simple moving average is $279.95 and its 200-day simple moving average is $245.69. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

Insider Activity at F5

In related news, Director Marianne Budnik sold 728 shares of F5 stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now directly owns 1,770 shares of the company’s stock, valued at $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,060 shares of company stock valued at $4,477,083 over the last ninety days. 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.