Tocqueville Asset Management L.P. Grows Position in F5, Inc. (NASDAQ:FFIV)

Tocqueville Asset Management L.P. grew its position in shares of F5, Inc. (NASDAQ:FFIV) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,686 shares of the network technology company’s stock after purchasing an additional 325 shares during the quarter. Tocqueville Asset Management L.P.’s holdings in F5 were worth $2,939,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cibc World Markets Corp increased its holdings in F5 by 16.0% in the fourth quarter. Cibc World Markets Corp now owns 9,165 shares of the network technology company’s stock valued at $2,305,000 after buying an additional 1,267 shares in the last quarter. Twin Tree Management LP grew its position in shares of F5 by 166.1% during the 4th quarter. Twin Tree Management LP now owns 42,310 shares of the network technology company’s stock valued at $10,640,000 after acquiring an additional 26,408 shares during the period. Corient Private Wealth LLC increased its stake in shares of F5 by 30.3% in the 4th quarter. Corient Private Wealth LLC now owns 3,114 shares of the network technology company’s stock valued at $783,000 after purchasing an additional 724 shares in the last quarter. Natixis Advisors LLC raised its holdings in F5 by 2.0% in the 4th quarter. Natixis Advisors LLC now owns 29,315 shares of the network technology company’s stock worth $7,372,000 after purchasing an additional 569 shares during the period. Finally, Frank Rimerman Advisors LLC grew its holdings in F5 by 11.1% in the fourth quarter. Frank Rimerman Advisors LLC now owns 1,351 shares of the network technology company’s stock valued at $340,000 after purchasing an additional 135 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FFIV has been the subject of several research analyst reports. Royal Bank of Canada upped their target price on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their price objective on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley boosted their target price on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Barclays raised 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, Bank of America boosted their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $295.00.

F5 Trading Down 1.0 %

FFIV stock opened at $264.83 on Wednesday. The firm has a 50-day moving average of $283.16 and a two-hundred day moving average of $251.16. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 3.85 and a beta of 1.10.

Insider Activity at F5

In other news, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the sale, the executive vice president now owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is currently owned by insiders.

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.