National Bank of Canada FI Has $6.83 Million Stock Position in F5, Inc. (NASDAQ:FFIV)

National Bank of Canada FI boosted its position in F5, Inc. (NASDAQ:FFIV) by 14.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,170 shares of the network technology company’s stock after buying an additional 3,526 shares during the quarter. National Bank of Canada FI’s holdings in F5 were worth $6,833,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Crowley Wealth Management Inc. acquired a new position in shares of F5 during the 4th quarter worth about $35,000. Friedenthal Financial acquired a new position in shares of F5 during the fourth quarter worth approximately $50,000. EverSource Wealth Advisors LLC boosted its position 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 during the period. Smithfield Trust Co acquired a new stake in shares of F5 in the fourth quarter worth $57,000. Finally, Global Retirement Partners LLC increased its position in F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after acquiring an additional 282 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Performance

FFIV opened at $239.25 on Monday. The firm’s 50-day simple moving average is $283.88 and its 200-day simple moving average is $256.77. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.85 and a beta of 1.14.

Insider Transactions at F5

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the transaction, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock valued at $5,310,131 in the last three months. 0.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on FFIV shares. Evercore ISI raised their price target on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. Morgan Stanley lifted their target price on 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 upped their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Needham & Company LLC raised their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Piper Sandler boosted their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $295.00.

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.