Townsquare Capital LLC Purchases 66 Shares of F5, Inc. (NASDAQ:FFIV)

Townsquare Capital LLC grew its holdings in F5, Inc. (NASDAQ:FFIV) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,098 shares of the network technology company’s stock after purchasing an additional 66 shares during the quarter. Townsquare Capital LLC’s holdings in F5 were worth $528,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in F5 by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company’s stock worth $1,897,154,000 after acquiring an additional 64,261 shares during the period. Geode Capital Management LLC lifted its stake in F5 by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company’s stock valued at $402,536,000 after buying an additional 30,367 shares during the period. Norges Bank bought a new position in F5 during the fourth quarter worth about $171,127,000. Alliancebernstein L.P. grew its position in shares of F5 by 14.0% during the 4th quarter. Alliancebernstein L.P. now owns 656,231 shares of the network technology company’s stock worth $165,022,000 after buying an additional 80,570 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of F5 by 598.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company’s stock valued at $106,944,000 after acquiring an additional 364,372 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Price Performance

F5 stock opened at $258.61 on Friday. The company has a market cap of $14.91 billion, a price-to-earnings ratio of 25.71, a P/E/G ratio of 3.85 and a beta of 1.14. The firm has a 50-day moving average of $274.14 and a 200-day moving average of $259.28. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

Wall Street Analysts Forecast Growth

Several brokerages have commented on FFIV. Morgan Stanley lowered their target price on shares of F5 from $310.00 to $269.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Needham & Company LLC boosted their target price on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Barclays raised their price target on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Piper Sandler lowered their target price on F5 from $304.00 to $262.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Finally, Evercore ISI lifted their price target on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $289.67.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. This trade represents a 0.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction dated 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 owns 200 shares in the company, valued at $59,452. This 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 18,232 shares of company stock worth $5,310,131 over the last ninety days. 0.52% of the stock is currently owned by corporate 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.