Canada Pension Plan Investment Board acquired a new stake in F5, Inc. (NASDAQ:FFIV – Free Report) during the second quarter, HoldingsChannel.com reports. The fund acquired 44,610 shares of the network technology company’s stock, valued at approximately $18,556,000.
Several other large investors also recently modified their holdings of the company. Hazlett Burt & Watson Inc. bought a new position in shares of F5 in the 4th quarter worth about $26,000. Hantz Financial Services Inc. increased its holdings in F5 by 109.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock worth $27,000 after purchasing an additional 56 shares in the last quarter. Elyxium Wealth LLC acquired a new position in F5 in the fourth quarter valued at approximately $28,000. SJS Investment Consulting Inc. lifted its stake in F5 by 963.6% in the first quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock valued at $34,000 after buying an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its holdings in shares of F5 by 113.8% during the 1st quarter. Capital Advisors Ltd. LLC now owns 124 shares of the network technology company’s stock worth $36,000 after buying an additional 66 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.
F5 Stock Performance
Shares of FFIV opened at $394.24 on Friday. The stock has a 50 day moving average price of $404.32 and a two-hundred day moving average price of $351.96. The firm has a market capitalization of $22.33 billion, a P/E ratio of 31.39, a P/E/G ratio of 4.01 and a beta of 1.03. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $435.00.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of F5 in a research report on Thursday, July 16th. Wall Street Zen raised shares of F5 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Morgan Stanley boosted their target price on F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 28th. Piper Sandler reaffirmed an “overweight” rating and set a $461.00 price target (up from $423.00) on shares of F5 in a research note on Tuesday, July 28th. Finally, Bank of America raised their price objective on F5 from $250.00 to $300.00 and gave the company an “underperform” rating in a research note on Tuesday, May 26th. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $416.62.
Read Our Latest Research Report on F5
Insider Buying and Selling at F5
In other news, insider John Anthony Maddison sold 1,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $405.85, for a total value of $405,850.00. Following the completion of the sale, the insider owned 1,353 shares in the company, valued at $549,115.05. This represents a 42.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Francois Locoh-Donou sold 3,782 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $412.44, for a total transaction of $1,559,848.08. Following the completion of the sale, the chief executive officer directly owned 146,989 shares of the company’s stock, valued at $60,624,143.16. The trade was 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. In the last quarter, insiders sold 15,699 shares of company stock worth $6,316,411. 0.48% of the stock is currently owned by insiders.
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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