Jupiter Asset Management Ltd. Purchases 134,537 Shares of F5, Inc. (NASDAQ:FFIV)

Jupiter Asset Management Ltd. boosted its position in F5, Inc. (NASDAQ:FFIV) by 83.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 296,506 shares of the network technology company’s stock after buying an additional 134,537 shares during the period. F5 makes up approximately 0.7% of Jupiter Asset Management Ltd.’s portfolio, making the stock its 26th biggest position. Jupiter Asset Management Ltd. owned approximately 0.51% of F5 worth $74,562,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FFIV. Farther Finance Advisors LLC lifted its stake in shares of F5 by 82.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,301 shares of the network technology company’s stock valued at $327,000 after buying an additional 586 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after buying an additional 49 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of F5 by 10.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 15,157 shares of the network technology company’s stock valued at $3,811,000 after buying an additional 1,419 shares in the last quarter. HighTower Advisors LLC lifted its stake in shares of F5 by 5.3% in the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock valued at $243,000 after buying an additional 49 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in F5 by 7.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 7,679 shares of the network technology company’s stock worth $1,931,000 after buying an additional 531 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. This trade represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,060 shares of company stock worth $4,477,083 in the last quarter. 0.52% of the stock is owned by insiders.

F5 Price Performance

NASDAQ:FFIV opened at $265.31 on Wednesday. The business has a 50 day moving average of $282.29 and a 200 day moving average of $248.94. The company has a market capitalization of $15.30 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on F5 from $260.00 to $310.00 and gave the stock 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. Bank of America upped their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. Needham & Company LLC lifted their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Evercore ISI boosted their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $295.00.

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 distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.