F5, Inc. (NASDAQ:FFIV) Position Increased by Vinva Investment Management Ltd

Vinva Investment Management Ltd increased its position in shares of F5, Inc. (NASDAQ:FFIV) by 675.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,324 shares of the network technology company’s stock after acquiring an additional 35,992 shares during the period. Vinva Investment Management Ltd owned about 0.07% of F5 worth $10,433,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of FFIV. CIBC Asset Management Inc grew its position in shares of F5 by 8.1% in the third quarter. CIBC Asset Management Inc now owns 8,561 shares of the network technology company’s stock valued at $1,885,000 after purchasing an additional 639 shares during the last quarter. Natixis Advisors LLC lifted its stake in F5 by 4.1% during the third quarter. Natixis Advisors LLC now owns 28,746 shares of the network technology company’s stock worth $6,330,000 after purchasing an additional 1,139 shares during the period. LMR Partners LLP bought a new position in shares of F5 in the third quarter valued at approximately $286,000. Banque Cantonale Vaudoise raised its stake in shares of F5 by 21.8% in the third quarter. Banque Cantonale Vaudoise now owns 10,494 shares of the network technology company’s stock valued at $2,311,000 after acquiring an additional 1,876 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of F5 in the third quarter valued at approximately $271,000. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Trading Down 1.0 %

FFIV opened at $264.83 on Wednesday. The company has a fifty day moving average price of $283.16 and a two-hundred day moving average price of $251.16. The company has a market cap of $15.27 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Evercore ISI boosted their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. 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 research report on Wednesday, January 29th. Morgan Stanley increased their target price on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. Finally, The Goldman Sachs Group increased their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued 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.com, the stock currently has an average rating of “Hold” and an average price target of $295.00.

Insiders Place Their Bets

In related news, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction that occurred 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,932 shares of company stock valued at $4,965,150. 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.