Intech Investment Management LLC Acquires 34,081 Shares of F5, Inc. (NASDAQ:FFIV)

Intech Investment Management LLC raised its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 96.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 69,259 shares of the network technology company’s stock after acquiring an additional 34,081 shares during the period. Intech Investment Management LLC owned approximately 0.12% of F5 worth $17,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its holdings 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 acquiring an additional 81,005 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of F5 by 457.6% during 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 purchasing an additional 25,748 shares in the last quarter. Boston Trust Walden Corp lifted 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 valued at $48,991,000 after purchasing an additional 7,341 shares in the last quarter. GAMMA Investing LLC increased its stake 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 in the last quarter. Finally, Synergy Asset Management LLC raised its holdings 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 buying an additional 1,112 shares during the period. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Royal Bank of Canada upped their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Barclays upped their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Evercore ISI increased their target price on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Finally, Bank of America increased their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, F5 currently has a consensus rating of “Hold” and an average price target of $295.00.

Insiders Place Their Bets

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 completion of the transaction, the director now directly owns 1,770 shares of the company’s stock, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction 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 transaction, the insider now directly owns 200 shares of the company’s stock, valued at approximately $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock valued at $4,965,150 over the last ninety days. 0.52% of the stock is currently owned by company insiders.

F5 Trading Up 1.9 %

NASDAQ:FFIV opened at $267.45 on Tuesday. The firm has a fifty day simple moving average of $283.01 and a 200 day simple moving average of $250.72. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The stock has a market capitalization of $15.42 billion, a PE ratio of 26.59, 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.