E Fund Management Co. Ltd. Invests $297,000 in F5, Inc. (NASDAQ:FFIV)

E Fund Management Co. Ltd. acquired a new stake in F5, Inc. (NASDAQ:FFIV) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 1,180 shares of the network technology company’s stock, valued at approximately $297,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC grew 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 buying an additional 269,602 shares during the period. Edge Capital Group LLC acquired a new position in F5 during the fourth quarter valued at approximately $59,623,000. Cookson Peirce & Co. Inc. bought a new stake in F5 in the fourth quarter valued at approximately $53,212,000. Hotchkis & Wiley Capital Management LLC increased its stake in F5 by 3.6% in the third 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 in the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in F5 in the third quarter worth $35,090,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Transactions at F5

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at $59,452. The trade was a 55.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were 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 of the company’s stock, valued at $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,060 shares of company stock valued at $4,477,083 in the last ninety days. 0.52% of the stock is currently owned by corporate insiders.

F5 Stock Performance

Shares of F5 stock opened at $275.63 on Friday. The firm 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’s 50 day simple moving average is $281.73 and its 200 day simple moving average is $247.63. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FFIV. Morgan Stanley boosted their price target on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Evercore ISI boosted their target price on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Bank of America raised their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada raised their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.