Cibc World Markets Corp Raises Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Cibc World Markets Corp increased its position in F5, Inc. (NASDAQ:FFIV) by 16.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,165 shares of the network technology company’s stock after buying an additional 1,267 shares during the quarter. Cibc World Markets Corp’s holdings in F5 were worth $2,305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FFIV. Hotchkis & Wiley Capital Management LLC increased its position in F5 by 3.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock valued at $1,208,763,000 after purchasing an additional 191,020 shares during the period. State Street Corp increased its position in F5 by 0.5% during the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock valued at $701,825,000 after purchasing an additional 16,663 shares during the period. Geode Capital Management LLC increased its position in F5 by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock valued at $345,560,000 after purchasing an additional 117,080 shares during the period. JPMorgan Chase & Co. increased its position in F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after purchasing an additional 81,005 shares during the period. Finally, Retirement Systems of Alabama increased its position in F5 by 7.7% during the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock valued at $83,101,000 after purchasing an additional 27,124 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FFIV has been the topic of a number of research analyst reports. Royal Bank of Canada boosted their price objective on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upped their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Evercore ISI upped their target price 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. Barclays upped their price target on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler upped their price target on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, F5 currently has an average rating of “Hold” and a consensus price target of $295.00.

Insider Activity

In other news, Director Marianne Budnik sold 728 shares of the company’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 completion of the sale, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction that occurred on 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 completion of the sale, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,932 shares of company stock valued at $4,965,150 in the last quarter. 0.52% of the stock is currently owned by insiders.

F5 Stock Performance

FFIV opened at $268.48 on Friday. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The stock has a market capitalization of $15.48 billion, a P/E ratio of 26.69, a P/E/G ratio of 3.85 and a beta of 1.10. The company’s 50-day simple moving average is $283.58 and its two-hundred day simple moving average is $251.41.

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.