Bokf Na lessened its holdings in F5, Inc. (NASDAQ:FFIV – Free Report) by 25.7% during the fourth quarter, HoldingsChannel reports. The firm owned 5,880 shares of the network technology company’s stock after selling 2,037 shares during the quarter. Bokf Na’s holdings in F5 were worth $1,501,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Abich Financial Wealth Management LLC acquired a new position in shares of F5 during the 3rd quarter worth $37,000. Torren Management LLC acquired a new stake in F5 in the fourth quarter valued at about $43,000. Geneos Wealth Management Inc. boosted its stake in F5 by 288.1% in the first quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock valued at $43,000 after buying an additional 121 shares in the last quarter. Root Financial Partners LLC bought a new position in F5 in the third quarter valued at about $49,000. Finally, MUFG Securities EMEA plc bought a new position in F5 in the second quarter valued at about $50,000. Institutional investors own 90.66% of the company’s stock.
F5 Stock Performance
Shares of FFIV opened at $354.03 on Friday. The firm has a market capitalization of $19.97 billion, a P/E ratio of 29.04, a P/E/G ratio of 7.98 and a beta of 1.00. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $354.52. The stock has a 50 day moving average price of $297.33 and a two-hundred day moving average price of $274.01.
Insider Transactions at F5
In other F5 news, Director Alan Higginson sold 1,770 shares of F5 stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $275.25, for a total transaction of $487,192.50. Following the completion of the transaction, the director owned 6,840 shares of the company’s stock, valued at $1,882,710. The trade was a 20.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Thomas Dean Fountain sold 1,328 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $330.58, for a total transaction of $439,010.24. Following the completion of the transaction, the executive vice president owned 8,060 shares in the company, valued at approximately $2,664,474.80. This trade represents a 14.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 24,688 shares of company stock valued at $7,477,392. 0.48% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on FFIV shares. Piper Sandler reissued an “overweight” rating on shares of F5 in a report on Wednesday, April 29th. The Goldman Sachs Group raised their price objective on F5 from $285.00 to $320.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings raised shares of F5 from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Royal Bank Of Canada raised their price target on shares of F5 from $345.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price target on shares of F5 from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, F5 presently has a consensus rating of “Hold” and an average price target of $316.44.
Read Our Latest Research Report on F5
Key F5 News
Here are the key news stories impacting F5 this week:
- Positive Sentiment: F5’s latest quarter beat expectations, with revenue and EPS coming in above estimates and management raising guidance for the next quarter and full year. That supports the view that growth and profitability remain intact. F5 (FFIV) Reports Q2 Earnings
- Positive Sentiment: FFIV is trading close to its 52-week high and well above its 50-day and 200-day moving averages, signaling strong momentum that may be drawing in traders and institutions. MarketBeat FFIV Quote
- Neutral Sentiment: Several insider sales were disclosed, including transactions by the CEO and an EVP, but at least some were made under pre-arranged Rule 10b5-1 plans, which makes the signal less clear-cut for investors. CEO Form 4 (SEC)
- Negative Sentiment: Multiple insider sales across senior executives, including the CEO, CFO, and EVPs, may create some caution around the stock, even if the trades were largely pre-scheduled. F5 Insider Sells $322,330.00
About F5
F5 Inc (NASDAQ:FFIV) specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company’s core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.
At the heart of F5’s product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.
See Also
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