F5, Inc. (NASDAQ:FFIV) Shares Bought by Prudential PLC

Prudential PLC raised its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 1,067.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,837 shares of the network technology company’s stock after buying an additional 17,224 shares during the quarter. Prudential PLC’s holdings in F5 were worth $4,737,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Crowley Wealth Management Inc. purchased a new position in F5 during the fourth quarter worth approximately $35,000. Friedenthal Financial acquired a new stake in shares of F5 in the 4th quarter worth $50,000. EverSource Wealth Advisors LLC raised its holdings in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after acquiring an additional 49 shares during the period. Smithfield Trust Co acquired a new position in shares of F5 during the 4th quarter valued at about $57,000. Finally, Global Retirement Partners LLC grew its holdings in shares of F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after purchasing an additional 282 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Price Performance

Shares of F5 stock opened at $239.25 on Friday. The stock has a market capitalization of $13.79 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. The business has a 50-day moving average of $283.88 and a 200 day moving average of $256.47. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00.

Analysts Set New Price Targets

A number of equities analysts have commented on FFIV shares. Evercore ISI lifted their target price on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Barclays lifted their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Bank of America increased their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Piper Sandler lifted their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Morgan Stanley increased their price target on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. One 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus target price of $295.00.

Insider Activity

In other news, Director Marianne Budnik sold 728 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $75,206.78. Following the completion of the transaction, the insider now 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. Over the last quarter, insiders sold 18,232 shares of company stock valued at $5,310,131. 0.52% of the stock is currently owned by company insiders.

F5 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.