Arrowstreet Capital Limited Partnership Buys 364,372 Shares of F5, Inc. (NASDAQ:FFIV)

Arrowstreet Capital Limited Partnership increased its stake in shares of F5, Inc. (NASDAQ:FFIV) by 598.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 425,275 shares of the network technology company’s stock after purchasing an additional 364,372 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.73% of F5 worth $106,944,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in FFIV. Allstate Corp bought a new stake in shares of F5 in the 4th quarter valued at about $318,000. DnB Asset Management AS increased its stake in F5 by 1.2% in the fourth quarter. DnB Asset Management AS now owns 16,812 shares of the network technology company’s stock valued at $4,228,000 after purchasing an additional 197 shares in the last quarter. denkapparat Operations GmbH acquired a new stake in F5 in the fourth quarter worth $223,000. Norges Bank bought a new position in shares of F5 during the fourth quarter worth $171,127,000. Finally, NEOS Investment Management LLC acquired a new position in shares of F5 in the 4th quarter valued at $208,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on FFIV. Barclays lifted their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Needham & Company LLC boosted their price objective on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group raised their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Evercore ISI upped their price target on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Finally, Morgan Stanley boosted their price objective on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $295.00.

F5 Stock Performance

NASDAQ:FFIV opened at $263.88 on Monday. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The company has a market cap of $15.21 billion, a P/E ratio of 26.23, a P/E/G ratio of 3.85 and a beta of 1.10. The stock’s 50-day simple moving average is $284.92 and its 200 day simple moving average is $255.09.

Insider Buying and Selling at F5

In related news, Director Marianne Budnik sold 1,872 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the transaction, the director now directly owns 1,207 shares of the company’s stock, valued at approximately $314,689.04. This trade represents a 60.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the sale, 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 worth $4,965,150 over the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

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.