Royal London Asset Management Ltd. Boosts Stock Position in F5, Inc. (NASDAQ:FFIV)

Royal London Asset Management Ltd. increased its holdings in F5, Inc. (NASDAQ:FFIV) by 8.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,510 shares of the network technology company’s stock after purchasing an additional 1,881 shares during the quarter. Royal London Asset Management Ltd.’s holdings in F5 were worth $6,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Harvest Fund Management Co. Ltd bought a new stake in shares of F5 in the 4th quarter worth approximately $1,382,000. Vinva Investment Management Ltd lifted its stake in F5 by 675.0% in the fourth quarter. Vinva Investment Management Ltd now owns 41,324 shares of the network technology company’s stock worth $10,433,000 after acquiring an additional 35,992 shares during the period. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in F5 in the fourth quarter valued at $522,000. Intech Investment Management LLC increased its position in F5 by 96.9% during the 4th quarter. Intech Investment Management LLC now owns 69,259 shares of the network technology company’s stock valued at $17,417,000 after purchasing an additional 34,081 shares during the period. Finally, Generali Asset Management SPA SGR bought a new position in F5 in the 4th quarter worth $3,343,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Trading Down 0.0 %

NASDAQ FFIV opened at $268.40 on Monday. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The stock’s fifty day moving average price is $283.86 and its 200-day moving average price is $252.60. The stock has a market cap of $15.47 billion, a P/E ratio of 26.68, a P/E/G ratio of 3.85 and a beta of 1.10.

Insider Buying and Selling

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the transaction, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the sale, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,932 shares of company stock worth $4,965,150 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on FFIV shares. Barclays lifted their target price 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. Needham & Company LLC upped their target price on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley raised their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Piper Sandler upped their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group raised their price objective on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $295.00.

F5 Company 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.