Victory Capital Management Inc. Raises Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Victory Capital Management Inc. raised its position in F5, Inc. (NASDAQ:FFIV) by 10.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 157,466 shares of the network technology company’s stock after purchasing an additional 15,400 shares during the period. Victory Capital Management Inc.’s holdings in F5 were worth $39,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new stake in F5 in the fourth quarter valued at approximately $50,000. Global Retirement Partners LLC increased its holdings in shares of F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after purchasing an additional 282 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after purchasing an additional 142 shares during the period. Allworth Financial LP increased its holdings in shares of F5 by 1,132.1% in the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock valued at $94,000 after purchasing an additional 317 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in shares of F5 in the third quarter valued at approximately $84,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Price Performance

Shares of FFIV stock opened at $275.63 on Friday. The business’s fifty day moving average price is $281.73 and its 200 day moving average price is $247.63. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The firm has a market capitalization of $15.89 billion, a PE ratio of 27.40, a P/E/G ratio of 3.85 and a beta of 1.10.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of recent research reports. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Evercore ISI boosted their target price on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Morgan Stanley boosted their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Barclays boosted their target price on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their price objective on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $295.00.

Insider Buying and Selling at F5

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the sale, the executive vice president now owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the sale, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,060 shares of company stock valued at $4,477,083. Insiders own 0.52% of the company’s stock.

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.