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

Amundi increased its position in shares of F5, Inc. (NASDAQ:FFIV) by 79.5% in the 4th quarter, HoldingsChannel reports. The firm owned 236,126 shares of the network technology company’s stock after purchasing an additional 104,569 shares during the period. Amundi’s holdings in F5 were worth $61,119,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new position in F5 during the fourth quarter worth about $50,000. Smithfield Trust Co purchased a new position in F5 during the fourth quarter worth about $57,000. Global Retirement Partners LLC raised its holdings in 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 raised its holdings in 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 raised its holdings in 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. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the firm’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 transaction of $1,022,025.48. Following the sale, the executive vice president now owns 20,075 shares in the company, valued at approximately $5,885,588.50. This trade represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,060 shares of company stock worth $4,477,083 over the last ninety days. 0.52% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Piper Sandler increased their price target on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays increased their target price on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Morgan Stanley increased their target price on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Needham & Company LLC increased their target price on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group increased their target price on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given 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.com, the company presently has a consensus rating of “Hold” and an average price target of $295.00.

F5 Price Performance

FFIV stock opened at $265.31 on Wednesday. The company’s 50 day simple moving average is $282.29 and its 200-day simple moving average is $248.94. The firm has a market capitalization of $15.30 billion, a PE ratio of 26.37, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00.

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.