Versor Investments LP Purchases New Shares in F5, Inc. (NASDAQ:FFIV)

Versor Investments LP acquired a new position in shares of F5, Inc. (NASDAQ:FFIV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 6,589 shares of the network technology company’s stock, valued at approximately $1,657,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Los Angeles Capital Management LLC increased its position in F5 by 1,681.1% during the third quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock worth $62,898,000 after acquiring an additional 269,602 shares during the period. Edge Capital Group LLC bought a new stake in F5 in the 4th quarter valued at about $59,623,000. Hotchkis & Wiley Capital Management LLC grew 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 in the last quarter. Point72 Asset Management L.P. bought a new position in shares of F5 during the third quarter worth approximately $35,090,000. Finally, Geode Capital Management LLC raised its position in shares of F5 by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock valued at $345,560,000 after buying an additional 117,080 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Price Performance

FFIV stock opened at $294.82 on Thursday. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 3.85 and a beta of 1.06. The company has a 50 day simple moving average of $277.74 and a 200 day simple moving average of $243.27. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

Insider Buying and Selling at F5

In other news, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the transaction, the insider now owns 200 shares in the company, valued at approximately $59,452. The trade was a 55.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now owns 1,770 shares of the company’s stock, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,574 shares of company stock worth $3,455,057. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

FFIV has been the subject of a number of recent analyst reports. Bank of America upped their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. Morgan Stanley boosted their price target on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Barclays increased their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Evercore ISI raised their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Finally, 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 report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. 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.