Hillsdale Investment Management Inc. Takes $805,000 Position in F5, Inc. (NASDAQ:FFIV)

Hillsdale Investment Management Inc. bought a new stake in F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 3,200 shares of the network technology company’s stock, valued at approximately $805,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after acquiring an additional 81,005 shares during the period. Allspring Global Investments Holdings LLC grew its position in F5 by 457.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock valued at $7,899,000 after purchasing an additional 25,748 shares during the period. Boston Trust Walden Corp increased its stake in F5 by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock valued at $48,991,000 after purchasing an additional 7,341 shares in the last quarter. GAMMA Investing LLC increased its stake in F5 by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after purchasing an additional 571 shares in the last quarter. Finally, Synergy Asset Management LLC raised its holdings 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 during the last quarter. 90.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the transaction, the director now owns 1,207 shares in the company, valued at approximately $314,689.04. The trade was a 60.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,932 shares of company stock valued at $4,965,150. Company insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Bank of America boosted their target price 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. Morgan Stanley increased 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. Royal Bank of Canada raised their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. The Goldman Sachs Group upped their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Piper Sandler lifted their price objective on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, F5 presently has an average rating of “Hold” and an average price target of $295.00.

F5 Price Performance

NASDAQ FFIV opened at $268.40 on Monday. The stock has a market capitalization of $15.47 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 3.85 and a beta of 1.10. The business’s fifty day moving average is $283.86 and its 200-day moving average is $252.60. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

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.