86,434 Shares in F5, Inc. (NASDAQ:FFIV) Acquired by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in shares of F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 86,434 shares of the network technology company’s stock, valued at approximately $21,736,000. KLP Kapitalforvaltning AS owned approximately 0.15% of F5 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after buying an additional 81,005 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in F5 by 457.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock worth $7,899,000 after buying an additional 25,748 shares in the last quarter. Boston Trust Walden Corp lifted its position in F5 by 3.9% during the fourth quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after buying an additional 7,341 shares in the last quarter. GAMMA Investing LLC lifted its position in F5 by 36.3% during the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock worth $539,000 after buying an additional 571 shares in the last quarter. Finally, Synergy Asset Management LLC lifted its position in F5 by 100.0% during the fourth quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock worth $525,000 after buying an additional 1,112 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity

In related news, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the transaction, the insider now directly owns 200 shares of the company’s stock, valued at $59,452. The trade was a 55.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business’s 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 directly owns 151,247 shares of the company’s stock, valued at $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FFIV shares. Bank of America lifted their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. The Goldman Sachs Group lifted their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Piper Sandler lifted their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Evercore ISI lifted 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, Royal Bank of Canada lifted their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $295.00.

F5 Trading Down 0.0 %

Shares of NASDAQ FFIV opened at $268.40 on Friday. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The stock has a fifty day simple moving average of $283.86 and a 200-day simple moving average of $252.23. The stock has a market capitalization of $15.47 billion, a PE ratio of 26.68, a PEG ratio of 3.85 and a beta of 1.10.

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.