AGF Management Ltd. Has $2.82 Million Stake in F5, Inc. (NASDAQ:FFIV)

AGF Management Ltd. cut its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 32.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,200 shares of the network technology company’s stock after selling 5,376 shares during the quarter. AGF Management Ltd.’s holdings in F5 were worth $2,816,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its position in F5 by 4.3% during the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock worth $214,000 after purchasing an additional 35 shares during the period. AMG National Trust Bank boosted its holdings in shares of F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock worth $1,987,000 after buying an additional 37 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of F5 by 2.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock worth $404,000 after buying an additional 44 shares during the period. Empirical Finance LLC grew its stake in F5 by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company’s stock valued at $451,000 after buying an additional 46 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in F5 by 2.0% in the 3rd quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company’s stock valued at $572,000 after acquiring an additional 50 shares during the period. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Bank of America boosted their price target 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 increased their price objective on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Barclays upped their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI raised their price target on shares of F5 from $240.00 to $270.00 and gave the stock 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 assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $295.00.

F5 Stock Up 0.3 %

FFIV opened at $266.06 on Thursday. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The company has a 50-day simple moving average of $282.58 and a 200 day simple moving average of $249.06.

Insider Activity

In other news, EVP Chad Michael Whalen sold 4,093 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the transaction, the executive vice president now owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. The trade was a 13.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marianne Budnik sold 728 shares of F5 stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,060 shares of company stock worth $4,477,083. 0.52% of the stock is currently owned by corporate insiders.

About F5

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.