F5, Inc. (NASDAQ:FFIV) Shares Bought by DnB Asset Management AS

DnB Asset Management AS grew its position in F5, Inc. (NASDAQ:FFIV) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,812 shares of the network technology company’s stock after acquiring an additional 197 shares during the period. DnB Asset Management AS’s holdings in F5 were worth $4,228,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Crowley Wealth Management Inc. acquired a new position in F5 in the 4th quarter worth about $35,000. Friedenthal Financial purchased a new stake in shares of F5 in the fourth quarter valued at approximately $50,000. EverSource Wealth Advisors LLC raised its stake in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after buying an additional 49 shares during the period. Smithfield Trust Co purchased a new position in shares of F5 during the 4th quarter valued at approximately $57,000. Finally, Global Retirement Partners LLC grew its stake in F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after acquiring an additional 282 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Stock Down 2.3 %

NASDAQ FFIV opened at $263.88 on Monday. The business’s fifty day simple moving average is $284.92 and its 200-day simple moving average is $255.09. The firm has a market cap of $15.21 billion, a PE ratio of 26.23, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

Insiders Place Their Bets

In other F5 news, Director Marianne Budnik sold 1,872 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now owns 1,207 shares of the company’s stock, valued at $314,689.04. This trade represents a 60.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the transaction, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock valued at $4,965,150 over the last ninety days. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on FFIV shares. Bank of America upped their price objective on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Needham & Company LLC lifted their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley boosted their price objective on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Evercore ISI raised their target price on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Finally, Piper Sandler boosted their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. One equities 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. According to data from MarketBeat, F5 has an average rating of “Hold” and a consensus price target of $295.00.

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.