Commerzbank Aktiengesellschaft FI Purchases New Holdings in F5, Inc. (NASDAQ:FFIV)

Commerzbank Aktiengesellschaft FI purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 1,040 shares of the network technology company’s stock, valued at approximately $263,000.

Several other hedge funds also recently added to or reduced their stakes in FFIV. Los Angeles Capital Management LLC grew its holdings in F5 by 1,681.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock valued at $62,898,000 after purchasing an additional 269,602 shares during the last quarter. Edge Capital Group LLC bought a new position in F5 during the 4th quarter valued at about $59,623,000. Hotchkis & Wiley Capital Management LLC grew its holdings in F5 by 3.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock valued at $1,208,763,000 after purchasing an additional 191,020 shares during the last quarter. Point72 Asset Management L.P. bought a new position in F5 during the 3rd quarter valued at about $35,090,000. Finally, Geode Capital Management LLC grew its holdings in F5 by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock valued at $345,560,000 after purchasing an additional 117,080 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the transaction, the executive vice president now owns 20,075 shares in the company, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,060 shares of company stock worth $4,477,083. Corporate insiders own 0.52% of the company’s stock.

F5 Stock Performance

NASDAQ FFIV opened at $282.73 on Thursday. The firm’s 50 day moving average price is $280.43 and its 200-day moving average price is $246.28. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The company has a market cap of $16.30 billion, a PE ratio of 28.10, a P/E/G ratio of 3.85 and a beta of 1.10.

Analyst Ratings Changes

Several equities analysts recently commented on FFIV shares. Royal Bank of Canada upped their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Evercore ISI upped their target price on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Needham & Company LLC upped their target price 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. The Goldman Sachs Group upped their target price 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. Finally, Morgan Stanley upped their target price 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $295.00.

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.