Hsbc Holdings PLC grew its stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 24.8% during the 4th quarter, Holdings Channel reports. The firm owned 581,855 shares of the network technology company’s stock after buying an additional 115,639 shares during the period. Hsbc Holdings PLC’s holdings in F5 were worth $148,580,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in FFIV. Hazlett Burt & Watson Inc. acquired a new stake in shares of F5 in the 4th quarter valued at approximately $26,000. Hantz Financial Services Inc. raised its position in F5 by 109.8% during the fourth quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Elyxium Wealth LLC bought a new stake in F5 during the fourth quarter worth $28,000. UMB Bank n.a. lifted its stake in F5 by 64.5% in the fourth quarter. UMB Bank n.a. now owns 153 shares of the network technology company’s stock valued at $39,000 after acquiring an additional 60 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in F5 in the fourth quarter valued at $43,000. Institutional investors own 90.66% of the company’s stock.
F5 Stock Performance
F5 stock opened at $385.49 on Friday. F5, Inc. has a 12 month low of $223.76 and a 12 month high of $411.52. The stock’s 50 day moving average is $357.32 and its 200-day moving average is $302.66. The company has a market capitalization of $21.75 billion, a price-to-earnings ratio of 31.62, a PEG ratio of 4.52 and a beta of 1.04.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of F5 from $425.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, June 9th. Evercore upgraded shares of F5 from an “in-line” rating to an “outperform” rating and set a $475.00 target price for the company in a research note on Monday, May 18th. Morgan Stanley lifted their price target on F5 from $340.00 to $380.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 20th. Bank of America lifted their price target on F5 from $250.00 to $300.00 and gave the stock an “underperform” rating in a report on Tuesday, May 26th. Finally, JPMorgan Chase & Co. boosted their price target on F5 from $355.00 to $365.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $382.67.
Check Out Our Latest Report on FFIV
Insider Activity
In other news, EVP Thomas Dean Fountain sold 1,328 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $330.58, for a total value of $439,010.24. Following the completion of the sale, the executive vice president owned 8,060 shares of the company’s stock, valued at approximately $2,664,474.80. The trade was a 14.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Francois Locoh-Donou sold 3,783 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $337.39, for a total transaction of $1,276,346.37. Following the completion of the transaction, the chief executive officer owned 146,989 shares in the company, valued at $49,592,618.71. This trade represents a 2.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 22,579 shares of company stock worth $7,836,860. Corporate insiders own 0.48% of the company’s stock.
About F5
F5 Inc (NASDAQ:FFIV) specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company’s core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.
At the heart of F5’s product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.
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