Charles Schwab Investment Management Inc. Acquires 805 Shares of F5, Inc. (NASDAQ:FFIV)

Charles Schwab Investment Management Inc. lifted its stake in F5, Inc. (NASDAQ:FFIV) by 0.2% during the 4th quarter, Holdings Channel reports. The firm owned 498,668 shares of the network technology company’s stock after acquiring an additional 805 shares during the period. Charles Schwab Investment Management Inc.’s holdings in F5 were worth $125,400,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Chase Investment Counsel Corp bought a new position in F5 during the third quarter worth about $4,726,000. JPMorgan Chase & Co. boosted its stake in F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after acquiring an additional 81,005 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in F5 by 457.6% during the fourth 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% in the fourth 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. Finally, GAMMA Investing LLC raised its holdings in F5 by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock worth $539,000 after purchasing an additional 571 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Stock Down 0.0 %

NASDAQ FFIV opened at $275.63 on Friday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The firm’s 50 day moving average is $281.73 and its 200-day moving average is $247.63. The company has a market capitalization of $15.89 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FFIV. Royal Bank of Canada boosted their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Needham & Company LLC increased their price target on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Barclays lifted their price objective on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Finally, Morgan Stanley lifted their price target on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $295.00.

Insider Buying and Selling at F5

In other F5 news, EVP Chad Michael Whalen sold 4,093 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the transaction, the executive vice president now owns 27,264 shares of the company’s stock, valued at $7,915,557.12. The trade was a 13.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Marianne Budnik sold 728 shares of the 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 approximately $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,060 shares of company stock worth $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.