F5, Inc. (NASDAQ:FFIV) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of F5, Inc. (NASDAQ:FFIV) by 335.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,224 shares of the network technology company’s stock after purchasing an additional 21,741 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in F5 were worth $7,097,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after acquiring an additional 81,005 shares during the period. Allspring Global Investments Holdings LLC lifted its position in F5 by 457.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock valued at $7,899,000 after purchasing an additional 25,748 shares during the period. Boston Trust Walden Corp lifted its position in F5 by 3.9% during the fourth quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock valued at $48,991,000 after purchasing an additional 7,341 shares during the period. GAMMA Investing LLC grew its position in F5 by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock worth $539,000 after purchasing an additional 571 shares during the period. Finally, Synergy Asset Management LLC grew its position in F5 by 100.0% during the 4th quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock worth $525,000 after purchasing an additional 1,112 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling

In other F5 news, Director Marianne Budnik sold 728 shares of F5 stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, 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 available through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at $45,836,915.82. The trade was a 4.12 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,932 shares of company stock worth $4,965,150. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Barclays upped their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America raised their price objective on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Morgan Stanley boosted their target price 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. Royal Bank of Canada raised their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research 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 given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $295.00.

F5 Stock Up 2.0 %

FFIV stock opened at $262.46 on Friday. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The firm has a 50-day simple moving average of $282.85 and a 200-day simple moving average of $249.90. The stock has a market capitalization of $15.13 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.85 and a beta of 1.10.

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.