Twin Tree Management LP Raises Holdings in F5, Inc. (NASDAQ:FFIV)

Twin Tree Management LP grew its position in shares of F5, Inc. (NASDAQ:FFIV) by 166.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 42,310 shares of the network technology company’s stock after purchasing an additional 26,408 shares during the quarter. Twin Tree Management LP owned approximately 0.07% of F5 worth $10,640,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FFIV. Metis Global Partners LLC grew its holdings in shares of F5 by 7.9% during the third quarter. Metis Global Partners LLC now owns 4,520 shares of the network technology company’s stock worth $995,000 after purchasing an additional 332 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of F5 by 8.1% during the third quarter. CIBC Asset Management Inc now owns 8,561 shares of the network technology company’s stock worth $1,885,000 after purchasing an additional 639 shares during the last quarter. Empirical Finance LLC grew its holdings in shares of F5 by 2.3% during the third quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company’s stock worth $451,000 after purchasing an additional 46 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of F5 by 4.1% during the third quarter. Natixis Advisors LLC now owns 28,746 shares of the network technology company’s stock worth $6,330,000 after purchasing an additional 1,139 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in shares of F5 during the third quarter worth about $286,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Trading Up 1.9 %

Shares of FFIV opened at $267.45 on Tuesday. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The stock’s 50 day moving average is $283.01 and its two-hundred day moving average is $250.72. The firm has a market capitalization of $15.42 billion, a PE ratio of 26.59, a P/E/G ratio of 3.85 and a beta of 1.10.

Insider Activity

In other news, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Marianne Budnik sold 728 shares of F5 stock in a transaction that occurred on 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. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 16,932 shares of company stock worth $4,965,150. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of research reports. Piper Sandler raised their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada raised their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Morgan Stanley raised 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. Barclays raised their price target on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, Evercore ISI raised their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. 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 company. Based on data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus price target 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.