Vanguard Group Inc. Purchases 64,261 Shares of F5, Inc. (NASDAQ:FFIV)

Vanguard Group Inc. increased its holdings in F5, Inc. (NASDAQ:FFIV) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 7,544,256 shares of the network technology company’s stock after buying an additional 64,261 shares during the period. Vanguard Group Inc. owned approximately 0.13% of F5 worth $1,897,154,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its position in shares of F5 by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after buying an additional 81,005 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock valued at $7,899,000 after acquiring an additional 25,748 shares in the last quarter. Boston Trust Walden Corp increased its position in F5 by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock valued at $48,991,000 after purchasing an additional 7,341 shares during the period. GAMMA Investing LLC increased its position in F5 by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after purchasing an additional 571 shares during the period. Finally, Synergy Asset Management LLC raised its holdings in F5 by 100.0% in the 4th quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock worth $525,000 after purchasing an additional 1,112 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity at F5

In related news, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction that occurred 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 directly owns 200 shares in the company, valued at $59,452. The trade was a 55.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the sale, the director now owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is owned by insiders.

F5 Trading Down 0.8 %

NASDAQ FFIV opened at $272.84 on Thursday. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The stock’s fifty day moving average price is $284.79 and its 200-day moving average price is $253.79. The stock has a market cap of $15.73 billion, a P/E ratio of 27.12, a P/E/G ratio of 3.85 and a beta of 1.10.

Analysts Set New Price Targets

FFIV has been the topic of several research analyst reports. Morgan Stanley boosted their price target on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Piper Sandler upped their target price on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America raised their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Evercore ISI raised their price objective on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $295.00.

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.