Amundi Boosts Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Amundi lifted its stake in shares of F5, Inc. (NASDAQ:FFIV) by 79.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 236,126 shares of the network technology company’s stock after acquiring an additional 104,569 shares during the quarter. Amundi owned 0.41% of F5 worth $61,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Friedenthal Financial acquired a new position in shares of F5 during the fourth quarter worth $50,000. Smithfield Trust Co acquired a new position in shares of F5 during the fourth quarter worth $57,000. Global Retirement Partners LLC grew its stake in shares of F5 by 783.3% during the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of F5 by 79.8% during the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after purchasing an additional 142 shares in the last quarter. Finally, Allworth Financial LP grew its stake in shares of F5 by 1,132.1% during the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock worth $94,000 after purchasing an additional 317 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Transactions at F5

In other news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now owns 200 shares in the company, valued at approximately $59,452. This represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction dated Thursday, January 30th. The stock was 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 $538,876.50. This trade represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,060 shares of company stock worth $4,477,083. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the subject of a number of analyst reports. Barclays boosted their target price on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America boosted their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Royal Bank of Canada upped their price objective on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Morgan Stanley upped their price objective on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC upped their price objective on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $295.00.

F5 Stock Performance

Shares of FFIV opened at $265.31 on Wednesday. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The firm has a 50-day simple moving average of $282.29 and a 200-day simple moving average of $248.94.

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.