BI Asset Management Fondsmaeglerselskab A S Buys 2,763 Shares of F5, Inc. (NASDAQ:FFIV)

BI Asset Management Fondsmaeglerselskab A S increased its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 103.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,427 shares of the network technology company's stock after acquiring an additional 2,763 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in F5 were worth $1,365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. bought a new stake in shares of F5 in the 4th quarter worth $35,000. Hurley Capital LLC acquired a new stake in F5 in the 4th quarter valued at about $43,000. Friedenthal Financial bought a new position in shares of F5 during the 4th quarter valued at about $50,000. EverSource Wealth Advisors LLC grew its stake in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after purchasing an additional 49 shares during the last quarter. Finally, Smithfield Trust Co bought a new stake in shares of F5 in the 4th quarter worth approximately $57,000. Institutional investors own 90.66% of the company's stock.

F5 Price Performance

FFIV traded down $3.89 on Monday, reaching $266.15. 138,370 shares of the company traded hands, compared to its average volume of 578,846. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The company has a market cap of $15.34 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 3.85 and a beta of 1.14. The stock's 50 day moving average price is $269.28 and its 200-day moving average price is $261.00.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. dropped their price target on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Royal Bank of Canada increased their price target on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Morgan Stanley decreased their target price on shares of F5 from $310.00 to $269.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group upped their price target on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Barclays lifted their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $289.67.

Insider Activity

In other F5 news, Director Marianne Budnik sold 728 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now directly owns 1,770 shares of the company's stock, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the transaction, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock worth $5,310,131 in the last ninety days. Corporate 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.