QRG Capital Management Inc. Increases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

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

Several other large investors have also modified their holdings of the stock. Friedenthal Financial acquired a new stake in shares of F5 in the 4th quarter worth $50,000. Venturi Wealth Management LLC boosted its holdings in F5 by 79.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after purchasing an additional 142 shares in the last quarter. Global Retirement Partners LLC increased its position in F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares during the period. Point72 Hong Kong Ltd purchased a new position in shares of F5 during the 3rd quarter worth approximately $84,000. Finally, Allworth Financial LP lifted its holdings in shares of F5 by 1,132.1% in the 4th quarter. Allworth Financial LP now owns 345 shares of the network technology company’s stock valued at $94,000 after buying an additional 317 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FFIV. Royal Bank of Canada lifted their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Bank of America boosted their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Evercore ISI increased their price target 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. Piper Sandler boosted their price objective on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC increased their target price on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $295.00.

Insider Transactions at F5

In related news, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction on Monday, February 3rd. The stock was 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 of the company’s stock, valued at $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the transaction, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at $45,836,915.82. The trade was a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,060 shares of company stock valued at $4,477,083 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

F5 Trading Down 2.8 %

NASDAQ:FFIV opened at $284.15 on Tuesday. The company has a market capitalization of $16.38 billion, a P/E ratio of 28.25, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06. The firm has a 50-day moving average price of $279.95 and a two-hundred day moving average price of $245.69. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00.

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.