Arrowstreet Capital Limited Partnership Buys 364,372 Shares of F5, Inc. (NASDAQ:FFIV)

Arrowstreet Capital Limited Partnership grew its stake in shares of F5, Inc. (NASDAQ:FFIV) by 598.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 425,275 shares of the network technology company’s stock after acquiring an additional 364,372 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in F5 were worth $106,944,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Crowley Wealth Management Inc. acquired a new stake in F5 during the 4th quarter worth approximately $35,000. Friedenthal Financial acquired a new stake in shares of F5 during the fourth quarter worth $50,000. EverSource Wealth Advisors LLC grew its stake in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after acquiring an additional 49 shares in the last quarter. Smithfield Trust Co bought a new position in F5 during the fourth quarter worth about $57,000. Finally, Global Retirement Partners LLC raised its stake in F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Insider Activity at F5

In other news, insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the transaction, the insider now owns 200 shares in the company, valued at approximately $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the transaction, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,932 shares of company stock valued at $4,965,150 in the last 90 days. 0.52% of the stock is owned by corporate insiders.

F5 Price Performance

Shares of F5 stock opened at $263.88 on Monday. The company’s 50 day moving average price is $284.92 and its two-hundred day moving average price is $255.09. The firm has a market capitalization of $15.21 billion, a P/E ratio of 26.23, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.

Wall Street Analyst Weigh In

FFIV has been the topic of several recent research reports. The Goldman Sachs Group raised their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Evercore ISI lifted their price objective on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Barclays increased their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. 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 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 company an “underperform” rating in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $295.00.

About F5

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.