denkapparat Operations GmbH Takes $223,000 Position in F5, Inc. (NASDAQ:FFIV)

denkapparat Operations GmbH acquired a new position in F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 888 shares of the network technology company’s stock, valued at approximately $223,000.

Several other large investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp boosted its stake in shares of F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock worth $214,000 after acquiring an additional 35 shares during the last quarter. AMG National Trust Bank increased its position in F5 by 0.5% in the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock worth $1,987,000 after buying an additional 37 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in F5 by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock worth $404,000 after buying an additional 44 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of F5 by 31.8% during the 4th 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. Finally, HighTower Advisors LLC lifted its position in shares of F5 by 5.3% during the 4th 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. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Down 2.3 %

NASDAQ FFIV opened at $263.88 on Friday. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The firm has a market capitalization of $15.21 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.85 and a beta of 1.10. The company has a fifty day moving average of $284.92 and a two-hundred day moving average of $254.35.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FFIV. Morgan Stanley raised their price objective on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group increased their price target on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Piper Sandler lifted their price objective on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. Finally, Evercore ISI upped their price target 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 issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $295.00.

Insider Buying and Selling

In other F5 news, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the transaction, the director now owns 1,207 shares of the company’s stock, valued at $314,689.04. This represents a 60.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the transaction, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,932 shares of company stock valued at $4,965,150. Company insiders own 0.52% of the company’s stock.

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.