Connor Clark & Lunn Investment Management Ltd. Increases Holdings in F5, Inc. (NASDAQ:FFIV)

Connor Clark & Lunn Investment Management Ltd. raised its stake in F5, Inc. (NASDAQ:FFIV) by 335.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 28,224 shares of the network technology company’s stock after buying an additional 21,741 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in F5 were worth $7,097,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of FFIV. JPMorgan Chase & Co. increased its position in F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after purchasing an additional 81,005 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of F5 by 457.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock valued at $7,899,000 after buying an additional 25,748 shares during the period. Boston Trust Walden Corp increased its holdings in shares of F5 by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after buying an additional 7,341 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of 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 buying an additional 571 shares during the last quarter. Finally, Synergy Asset Management LLC raised its position in shares of F5 by 100.0% during the 4th quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock valued at $525,000 after buying an additional 1,112 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on FFIV shares. Barclays raised 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. The Goldman Sachs Group raised their price objective on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Needham & Company LLC upped their target price 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. 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. Finally, Morgan Stanley upped their price objective on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. One investment 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $295.00.

Insider Transactions at F5

In other news, EVP Chad Michael Whalen sold 4,093 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the sale, the executive vice president now directly owns 27,264 shares in the company, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business’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 transaction, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is currently owned by company insiders.

F5 Stock Up 2.0 %

Shares of FFIV opened at $262.46 on Friday. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The company has a market cap of $15.13 billion, a P/E ratio of 26.09, a PEG ratio of 3.85 and a beta of 1.10. The firm’s 50 day moving average price is $282.85 and its 200 day moving average price is $249.90.

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.