Otter Creek Advisors LLC Purchases Shares of 12,872 F5, Inc. (NASDAQ:FFIV)

Otter Creek Advisors LLC acquired a new position in shares of F5, Inc. (NASDAQ:FFIV) in the 4th quarter, Holdings Channel.com reports. The fund acquired 12,872 shares of the network technology company’s stock, valued at approximately $3,237,000. F5 comprises approximately 2.2% of Otter Creek Advisors LLC’s portfolio, making the stock its 29th biggest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in FFIV. Hotchkis & Wiley Capital Management LLC boosted its stake in F5 by 3.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after purchasing an additional 191,020 shares during the period. State Street Corp grew its holdings in shares of F5 by 0.5% during the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock worth $701,825,000 after buying an additional 16,663 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of F5 by 8.0% during the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock worth $345,560,000 after buying an additional 117,080 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in F5 by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after acquiring an additional 81,005 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in F5 by 7.7% during the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock worth $83,101,000 after acquiring an additional 27,124 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at F5

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the 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 of the company’s stock, valued at $59,452. This represents a 55.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,574 shares of company stock worth $3,455,057 over the last ninety days. Insiders own 0.52% of the company’s stock.

F5 Trading Up 0.6 %

FFIV stock opened at $294.82 on Thursday. The business’s 50 day simple moving average is $277.74 and its 200 day simple moving average is $243.27. 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 $17.00 billion, a PE ratio of 29.31, a PEG ratio of 3.85 and a beta of 1.06.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. The Goldman Sachs Group boosted their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Needham & Company LLC increased their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada lifted their target price 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 raised their price target on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler upped 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. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average 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.