F5, Inc. (NASDAQ:FFIV) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,229 shares of the network technology company’s stock after purchasing an additional 172 shares during the quarter. QRG Capital Management Inc.’s holdings in F5 were worth $1,063,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Private Advisor Group LLC purchased a new position in F5 during the third quarter worth about $338,000. abrdn plc increased its stake in shares of F5 by 27.3% during the 3rd quarter. abrdn plc now owns 23,442 shares of the network technology company’s stock valued at $5,144,000 after acquiring an additional 5,020 shares during the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of F5 by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock worth $447,000 after acquiring an additional 58 shares during the period. New York State Common Retirement Fund boosted its position in shares of F5 by 14.3% in the third quarter. New York State Common Retirement Fund now owns 70,536 shares of the network technology company’s stock worth $15,532,000 after acquiring an additional 8,800 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of F5 by 4.6% in the third quarter. Van ECK Associates Corp now owns 25,812 shares of the network technology company’s stock worth $5,560,000 after acquiring an additional 1,127 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Price Performance

Shares of FFIV opened at $284.15 on Tuesday. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The stock’s 50-day moving average is $279.95 and its two-hundred day moving average is $245.69. The stock has a market cap of $16.38 billion, a PE ratio of 28.25, a P/E/G ratio of 3.85 and a beta of 1.06.

Wall Street Analyst Weigh In

FFIV has been the subject of several research analyst reports. Needham & Company LLC upped their price target on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Piper Sandler upped their price objective on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley lifted their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Barclays boosted their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Evercore ISI raised their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $295.00.

Insider Activity at F5

In other F5 news, Director Marianne Budnik sold 728 shares of the company’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 value of $221,639.60. Following the completion of the transaction, the director now owns 1,770 shares in the company, valued at $538,876.50. This represents a 29.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the sale, the executive vice president now owns 27,264 shares in the company, valued at $7,915,557.12. This represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,060 shares of company stock worth $4,477,083. 0.52% of the stock is currently owned by company insiders.

F5 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.