F5, Inc. (NASDAQ:FFIV) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its stake in shares of F5, Inc. (NASDAQ:FFIV) by 163.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,013 shares of the network technology company’s stock after purchasing an additional 49,629 shares during the quarter. Fisher Asset Management LLC’s holdings in F5 were worth $20,121,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Linscomb Wealth Inc. boosted its position in F5 by 4.6% during the 4th quarter. Linscomb Wealth Inc. now owns 9,945 shares of the network technology company’s stock worth $2,501,000 after acquiring an additional 436 shares during the period. QRG Capital Management Inc. boosted its position in F5 by 4.2% during the 4th quarter. QRG Capital Management Inc. now owns 4,229 shares of the network technology company’s stock worth $1,063,000 after acquiring an additional 172 shares during the period. Versor Investments LP acquired a new position in F5 during the 4th quarter worth $1,657,000. Otter Creek Advisors LLC acquired a new position in F5 during the 4th quarter worth $3,237,000. Finally, Proficio Capital Partners LLC acquired a new position in F5 during the 4th quarter worth $18,845,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Evercore ISI boosted their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. The Goldman Sachs Group boosted their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their price objective on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Piper Sandler upped their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC upped their price objective on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned 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, the stock presently has a consensus rating of “Hold” and an average target price of $295.00.

Insider Transactions at F5

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the sale, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Marianne Budnik sold 728 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,060 shares of company stock valued at $4,477,083 over the last three months. Company insiders own 0.52% of the company’s stock.

F5 Stock Down 2.8 %

Shares of F5 stock opened at $284.15 on Tuesday. The stock’s fifty day moving average is $279.95 and its 200-day moving average is $245.69. The firm has a market capitalization of $16.38 billion, a PE ratio of 28.25, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00.

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.