F5, Inc. (NASDAQ:FFIV) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 10.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 157,466 shares of the network technology company’s stock after purchasing an additional 15,400 shares during the quarter. Victory Capital Management Inc. owned 0.27% of F5 worth $39,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FFIV. Los Angeles Capital Management LLC increased its position in shares of 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 worth $62,898,000 after purchasing an additional 269,602 shares during the last quarter. Edge Capital Group LLC acquired a new stake in shares of F5 during the 4th quarter worth about $59,623,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of 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 worth $1,208,763,000 after purchasing an additional 191,020 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of F5 during the 3rd quarter worth about $35,090,000. Finally, Geode Capital Management LLC increased its position in shares of 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 worth $345,560,000 after purchasing an additional 117,080 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Stock Performance

Shares of F5 stock opened at $275.63 on Friday. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The company has a market cap of $15.89 billion, a PE ratio of 27.40, a P/E/G ratio of 3.85 and a beta of 1.10. The business has a 50-day simple moving average of $281.73 and a 200-day simple moving average of $247.63.

Insider Transactions at F5

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the sale, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,060 shares of company stock valued at $4,477,083. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FFIV has been the subject of several research reports. The Goldman Sachs Group lifted their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report 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. Piper Sandler lifted their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Barclays lifted their target price 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, Morgan Stanley lifted their target price on F5 from $262.00 to $310.00 and gave the company 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 issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and an average target price of $295.00.

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.