NEOS Investment Management LLC Buys Shares of 827 F5, Inc. (NASDAQ:FFIV)

NEOS Investment Management LLC purchased a new position in shares of F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 827 shares of the network technology company’s stock, valued at approximately $208,000.

Other institutional investors have also modified their holdings of the company. WINTON GROUP Ltd purchased a new position in F5 during the 4th quarter valued at about $6,787,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of F5 by 0.3% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 91,887 shares of the network technology company’s stock valued at $23,372,000 after purchasing an additional 269 shares during the period. Korea Investment CORP grew its holdings in shares of F5 by 170.9% in the fourth quarter. Korea Investment CORP now owns 42,597 shares of the network technology company’s stock valued at $10,712,000 after purchasing an additional 26,871 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in F5 by 4.9% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 217,120 shares of the network technology company’s stock worth $54,599,000 after buying an additional 10,108 shares during the period. Finally, Potentia Wealth acquired a new stake in F5 during the 4th quarter worth approximately $762,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at F5

In related news, Director Marianne Budnik sold 728 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the sale, the director now directly owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the transaction, the executive vice president now directly owns 20,075 shares in the company, valued at approximately $5,885,588.50. This trade represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,932 shares of company stock valued at $4,965,150 in the last ninety days. Insiders own 0.52% of the company’s stock.

F5 Stock Up 0.9 %

Shares of F5 stock opened at $266.27 on Tuesday. The firm has a market capitalization of $15.35 billion, a P/E ratio of 26.47, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The firm’s 50 day moving average is $284.96 and its two-hundred day moving average is $255.51.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays boosted their price target 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. Bank of America upped their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. The Goldman Sachs Group lifted their price objective on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. 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. Finally, Evercore ISI lifted their price target 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, F5 presently has an average rating of “Hold” and a consensus price target 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.