Vanguard Group Inc. Purchases 64,261 Shares of F5, Inc. (NASDAQ:FFIV)

Vanguard Group Inc. increased its holdings in F5, Inc. (NASDAQ:FFIV) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,544,256 shares of the network technology company’s stock after acquiring an additional 64,261 shares during the period. Vanguard Group Inc. owned about 13.00% of F5 worth $1,897,154,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Friedenthal Financial purchased a new position in F5 in the fourth quarter worth $50,000. EverSource Wealth Advisors LLC boosted its holdings in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after buying an additional 49 shares during the last quarter. Smithfield Trust Co bought a new position in F5 during the fourth quarter valued at about $57,000. Global Retirement Partners LLC increased its holdings in F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after buying an additional 282 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in F5 in the third quarter worth about $84,000. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on FFIV shares. Barclays increased their target price on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Piper Sandler raised their target price on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their price target on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Bank of America increased their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Finally, Needham & Company LLC upped their price objective on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $295.00.

Insiders Place Their Bets

In other F5 news, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now directly owns 1,770 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock valued at $4,965,150 over the last quarter. 0.52% of the stock is owned by corporate insiders.

F5 Trading Down 0.8 %

FFIV opened at $272.84 on Thursday. The stock has a market capitalization of $15.73 billion, a P/E ratio of 27.12, a PEG ratio of 3.85 and a beta of 1.10. The stock has a 50-day moving average price of $284.79 and a 200-day moving average price of $253.79. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00.

F5 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.