F5, Inc. (NASDAQ:FFIV) Shares Bought by National Bank of Canada FI

National Bank of Canada FI lifted its position in shares of F5, Inc. (NASDAQ:FFIV) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,170 shares of the network technology company’s stock after acquiring an additional 3,526 shares during the quarter. National Bank of Canada FI’s holdings in F5 were worth $6,833,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new stake in shares of F5 in the 4th quarter valued at approximately $35,000. Friedenthal Financial acquired a new stake in F5 in the fourth quarter valued at $50,000. EverSource Wealth Advisors LLC boosted its position in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares in the last quarter. Smithfield Trust Co acquired a new position in shares of F5 during the 4th quarter worth $57,000. Finally, Global Retirement Partners LLC increased its holdings in shares of F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after purchasing an additional 282 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FFIV has been the subject of a number of research reports. Bank of America lifted their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. Barclays boosted their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Needham & Company LLC raised their price target 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 lifted their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley increased their price objective on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, F5 currently has a consensus rating of “Hold” and a consensus price target of $295.00.

F5 Price Performance

Shares of FFIV stock opened at $239.25 on Monday. 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 $13.79 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. The business has a 50 day simple moving average of $283.88 and a 200 day simple moving average of $256.77.

Insider Buying and Selling

In other 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 value of $221,639.60. Following the transaction, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. The trade was a 29.14 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now owns 148,647 shares of the company’s stock, valued at $39,446,454.39. This trade represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock valued at $5,310,131 over the last quarter. Corporate insiders own 0.52% of the company’s stock.

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.