Commerce Bank decreased its position in F5, Inc. (NASDAQ:FFIV – Free Report) by 39.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,623 shares of the network technology company’s stock after selling 1,048 shares during the quarter. Commerce Bank’s holdings in F5 were worth $236,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. MetLife Investment Management LLC lifted its holdings in shares of F5 by 23.9% during the first quarter. MetLife Investment Management LLC now owns 16,515 shares of the network technology company’s stock valued at $3,451,000 after purchasing an additional 3,190 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of F5 by 140.0% during the first quarter. Panagora Asset Management Inc. now owns 4,503 shares of the network technology company’s stock valued at $941,000 after purchasing an additional 2,627 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of F5 by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 394,157 shares of the network technology company’s stock valued at $82,367,000 after purchasing an additional 5,214 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of F5 by 16.2% during the first quarter. Sei Investments Co. now owns 67,717 shares of the network technology company’s stock valued at $14,067,000 after purchasing an additional 9,454 shares during the last quarter. Finally, Prudential PLC purchased a new stake in shares of F5 during the first quarter valued at $327,000. Institutional investors and hedge funds own 91.59% of the company’s stock.
F5 Stock Performance
Shares of FFIV stock opened at $157.73 on Friday. The stock’s 50 day simple moving average is $150.07 and its 200 day simple moving average is $145.08. F5, Inc. has a twelve month low of $127.05 and a twelve month high of $174.38. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of 28.67, a PEG ratio of 1.93 and a beta of 1.07.
Insider Buying and Selling
In other F5 news, Director Alan Higginson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $139.95, for a total transaction of $139,950.00. Following the completion of the sale, the director now directly owns 11,937 shares in the company, valued at $1,670,583.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $139.95, for a total transaction of $139,950.00. Following the transaction, the director now owns 11,937 shares of the company’s stock, valued at $1,670,583.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Chad Michael Whalen sold 280 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $140.00, for a total transaction of $39,200.00. Following the completion of the sale, the executive vice president now directly owns 14,927 shares of the company’s stock, valued at $2,089,780. The disclosure for this sale can be found here. Insiders have sold 12,061 shares of company stock worth $1,782,664 in the last quarter. 0.60% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
FFIV has been the subject of several analyst reports. Barclays upped their target price on F5 from $140.00 to $162.00 and gave the company an “equal weight” rating in a report on Tuesday, July 25th. Royal Bank of Canada upped their price target on F5 from $146.00 to $173.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 25th. Credit Suisse Group dropped their price target on F5 from $166.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, April 20th. Needham & Company LLC upped their price target on F5 from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, July 25th. Finally, KeyCorp upped their price target on F5 from $179.00 to $193.00 and gave the company an “overweight” rating in a research report on Tuesday, July 25th. Eight research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $168.23.
Get Our Latest Stock Report on FFIV
F5 Company 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 multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.
Further Reading
- Five stocks we like better than F5
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
- Alibaba Explodes On Earnings, Inching Toward Triple Digit Prices
- How to Invest in Mining Stocks
- Is It Time To Game The Roblox Market?
- Investing In Automotive Stocks
- 2 Cheap Stocks The Insiders Are Buying
Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.
