AlphaQuest LLC Buys 3,703 Shares of F5, Inc. (NASDAQ:FFIV)

AlphaQuest LLC raised its stake in shares of F5, Inc. (NASDAQ:FFIV) by 185,150.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,705 shares of the network technology company’s stock after buying an additional 3,703 shares during the period. AlphaQuest LLC’s holdings in F5 were worth $932,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Amundi raised its holdings in F5 by 79.5% during the fourth quarter. Amundi now owns 236,126 shares of the network technology company’s stock valued at $61,119,000 after buying an additional 104,569 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in F5 by 7.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,435 shares of the network technology company’s stock valued at $1,870,000 after buying an additional 510 shares in the last quarter. Machina Capital S.A.S. bought a new position in F5 during the fourth quarter valued at about $273,000. AMG National Trust Bank increased its stake in shares of F5 by 0.5% in the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock worth $1,987,000 after purchasing an additional 37 shares during the period. Finally, Jackson Creek Investment Advisors LLC increased its stake in shares of F5 by 16.2% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 1,373 shares of the network technology company’s stock worth $345,000 after purchasing an additional 191 shares during the period. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Down 3.3 %

Shares of FFIV opened at $266.50 on Tuesday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The firm has a market capitalization of $15.36 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 3.85 and a beta of 1.10. The stock’s 50-day moving average price is $282.01 and its 200 day moving average price is $248.47.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Evercore ISI lifted their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Bank of America lifted their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their price objective on 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 lifted their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley lifted their price objective on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. One 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 data from MarketBeat, F5 currently has an average rating of “Hold” and an average price target of $295.00.

Insider Activity at F5

In other F5 news, Director Marianne Budnik sold 728 shares of F5 stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now directly owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. The trade was a 29.14 % 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 link. Also, insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the sale, the insider now directly owns 200 shares in the company, valued at $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,060 shares of company stock worth $4,477,083 over the last three months. Company insiders own 0.52% of the company’s stock.

About F5

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.