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

denkapparat Operations GmbH bought a new position in F5, Inc. (NASDAQ:FFIV) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 888 shares of the network technology company’s stock, valued at approximately $223,000.

A number of other hedge funds also recently bought and sold shares of the business. Crowley Wealth Management Inc. purchased a new stake in shares of F5 in the 4th quarter worth about $35,000. Friedenthal Financial purchased a new stake in F5 in the fourth quarter worth about $50,000. EverSource Wealth Advisors LLC boosted its position in 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 acquiring an additional 49 shares in the last quarter. Smithfield Trust Co purchased a new position in shares of F5 during the 4th quarter worth approximately $57,000. Finally, Global Retirement Partners LLC raised its position in shares of F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after acquiring an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the topic of several research reports. Needham & Company LLC lifted their price target on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Morgan Stanley increased their price target on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. 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 note on Wednesday, January 29th. Piper Sandler raised their target price on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays boosted their price target on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $295.00.

F5 Trading Down 2.3 %

F5 stock opened at $263.88 on Friday. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The stock has a fifty day simple moving average of $284.92 and a two-hundred day simple moving average of $254.35. The firm has a market cap of $15.21 billion, a price-to-earnings ratio of 26.23, a PEG ratio of 3.85 and a beta of 1.10.

Insider Activity at F5

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now owns 151,247 shares of the company’s stock, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Marianne Budnik sold 728 shares of F5 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 completion of the sale, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock valued at $4,965,150 over the last ninety days. 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.