Vinva Investment Management Ltd Buys 35,992 Shares of F5, Inc. (NASDAQ:FFIV)

Vinva Investment Management Ltd raised its stake in F5, Inc. (NASDAQ:FFIV) by 675.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 41,324 shares of the network technology company’s stock after purchasing an additional 35,992 shares during the quarter. Vinva Investment Management Ltd’s holdings in F5 were worth $10,433,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in FFIV. OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of F5 during the 4th quarter valued at $522,000. Intech Investment Management LLC grew its holdings in shares of F5 by 96.9% during the 4th quarter. Intech Investment Management LLC now owns 69,259 shares of the network technology company’s stock valued at $17,417,000 after purchasing an additional 34,081 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in shares of F5 during the 4th quarter valued at $3,343,000. Tocqueville Asset Management L.P. boosted its position in F5 by 2.9% during the 4th quarter. Tocqueville Asset Management L.P. now owns 11,686 shares of the network technology company’s stock valued at $2,939,000 after buying an additional 325 shares during the period. Finally, Cibc World Markets Corp boosted its position in F5 by 16.0% during the 4th quarter. Cibc World Markets Corp now owns 9,165 shares of the network technology company’s stock valued at $2,305,000 after buying an additional 1,267 shares during the period. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FFIV shares. The Goldman Sachs Group increased their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley raised their target price on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada raised their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Needham & Company LLC raised their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Bank of America raised their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and a consensus price target of $295.00.

F5 Price Performance

Shares of NASDAQ FFIV opened at $264.83 on Wednesday. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The stock 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. The firm has a 50-day moving average of $283.16 and a 200 day moving average of $251.16.

Insider Activity at F5

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the sale, the executive vice president now directly owns 20,075 shares in the company, valued at approximately $5,885,588.50. This trade represents a 14.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction dated 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 approximately $538,876.50. This represents a 29.14 % 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 in the last three months. Company 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.