Sequoia Financial Advisors LLC increased its position in F5, Inc. (NASDAQ:FFIV – Free Report) by 14.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,144 shares of the network technology company’s stock after acquiring an additional 2,814 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in F5 were worth $9,211,000 at the end of the most recent quarter.
Several other hedge funds also recently bought and sold shares of FFIV. Norges Bank purchased a new stake in shares of F5 in the fourth quarter worth $205,706,000. Jefferies Financial Group Inc. grew its position in F5 by 127.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 34,529 shares of the network technology company’s stock worth $8,814,000 after buying an additional 19,315 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in shares of F5 in the 1st quarter valued at about $6,469,000. William Blair Investment Management LLC bought a new stake in shares of F5 during the 4th quarter valued at about $140,460,000. Finally, Tredje AP fonden increased its position in shares of F5 by 98.2% in the fourth quarter. Tredje AP fonden now owns 7,683 shares of the network technology company’s stock worth $1,961,000 after purchasing an additional 3,807 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.
F5 Stock Performance
Shares of F5 stock opened at $398.48 on Friday. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $435.00. The company’s 50 day moving average price is $403.41 and its 200-day moving average price is $360.07. The stock has a market capitalization of $22.57 billion, a price-to-earnings ratio of 31.73, a P/E/G ratio of 3.95 and a beta of 1.03.
Analyst Ratings Changes
FFIV has been the topic of several research reports. Needham & Company LLC restated a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of F5 in a research note on Thursday, July 16th. Piper Sandler reissued an “overweight” rating and set a $461.00 price objective (up from $423.00) on shares of F5 in a report on Tuesday, July 28th. Morgan Stanley raised their price objective on F5 from $380.00 to $415.00 and gave the company an “equal weight” rating in a report on Tuesday, July 28th. Finally, Weiss Ratings upgraded shares of F5 from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $416.62.
Insider Activity at F5
In other F5 news, EVP Thomas Fountain sold 1,208 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $414.63, for a total value of $500,873.04. Following the completion of the sale, the executive vice president owned 8,060 shares in the company, valued at approximately $3,341,917.80. This trade represents a 13.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Angelique M. Okeke sold 515 shares of F5 stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $404.49, for a total value of $208,312.35. Following the completion of the sale, the executive vice president owned 2,240 shares in the company, valued at approximately $906,057.60. This represents a 18.69% 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. Insiders sold a total of 12,199 shares of company stock valued at $4,917,061 in the last quarter. 0.48% of the stock is currently owned by company insiders.
About F5
F5, Inc is a technology company that provides application delivery, security and traffic-management solutions for enterprises, service providers and government organizations. Its offerings are designed to help customers ensure the availability, performance and security of applications across on-premises data centers, public clouds and edge environments.
The company’s portfolio includes BIG-IP software and appliances, NGINX application delivery and web server technologies, and F5 Distributed Cloud Services.
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