GSA Capital Partners LLP purchased a new stake in F5, Inc. (NASDAQ:FFIV – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,114 shares of the network technology company’s stock, valued at approximately $879,000.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. purchased a new position in shares of F5 during the 4th quarter worth about $26,000. Hantz Financial Services Inc. increased its position in F5 by 109.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock worth $27,000 after purchasing an additional 56 shares during the last quarter. Elyxium Wealth LLC acquired a new position in F5 during the fourth quarter worth approximately $28,000. SJS Investment Consulting Inc. raised its stake in F5 by 963.6% during the first quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock worth $34,000 after purchasing an additional 106 shares during the period. Finally, Elevation Wealth Partners LLC raised its stake in F5 by 373.1% during the second quarter. Elevation Wealth Partners LLC now owns 123 shares of the network technology company’s stock worth $51,000 after purchasing an additional 97 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.
F5 Stock Down 0.5%
Shares of NASDAQ:FFIV opened at $393.62 on Wednesday. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $435.00. The company has a 50 day moving average of $404.55 and a two-hundred day moving average of $346.18. The company has a market capitalization of $22.29 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 3.94 and a beta of 1.03.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on FFIV shares. JPMorgan Chase & Co. boosted their price objective on shares of F5 from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Morgan Stanley lifted their target price on F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Royal Bank Of Canada reissued an “outperform” rating on shares of F5 in a research report on Thursday, July 16th. Evercore upgraded F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price target for the company in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded F5 from a “hold” rating to a “buy” rating in a report on Saturday, August 1st. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, F5 has a consensus rating of “Hold” and an average price target of $416.62.
Read Our Latest Analysis on F5
Insider Buying and Selling at F5
In other F5 news, EVP Thomas Dean Fountain sold 1,208 shares of F5 stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $414.63, for a total transaction of $500,873.04. Following the sale, the executive vice president directly owned 8,060 shares in the company, valued at $3,341,917.80. The trade was a 13.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Francois Locoh-Donou sold 3,782 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $412.44, for a total value of $1,559,848.08. Following the completion of the transaction, the chief executive officer directly owned 146,989 shares in the company, valued at approximately $60,624,143.16. The trade was a 2.51% 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. In the last 90 days, insiders sold 15,699 shares of company stock valued at $6,316,411. Company insiders own 0.48% of the company’s stock.
F5 Profile
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.
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