Potentia Wealth Invests $762,000 in F5, Inc. (NASDAQ:FFIV)

Potentia Wealth bought a new position in F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,032 shares of the network technology company’s stock, valued at approximately $762,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of F5 by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company’s stock worth $1,897,154,000 after buying an additional 64,261 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its stake 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 valued at $1,208,763,000 after purchasing an additional 191,020 shares in the last quarter. State Street Corp increased its position in shares of F5 by 0.5% during the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock valued at $701,825,000 after buying an additional 16,663 shares during the period. Geode Capital Management LLC lifted its holdings in 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 worth $345,560,000 after buying an additional 117,080 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after buying an additional 81,005 shares during the period. Institutional investors own 90.66% of the company’s stock.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $274.31 on Tuesday. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The company has a market cap of $15.81 billion, a P/E ratio of 27.27, a PEG ratio of 3.85 and a beta of 1.10. The stock’s fifty day moving average price is $284.24 and its 200-day moving average price is $253.12.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on FFIV shares. Morgan Stanley increased their target price on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Evercore ISI upped their target price on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. Bank of America upped their price objective on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. Barclays lifted their target price on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada upped their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus price target of $295.00.

Insider Buying and Selling at F5

In related news, Director Marianne Budnik sold 728 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the transaction, the director now owns 1,770 shares in the company, valued at $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction that occurred on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $59,452. This trade represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 16,932 shares of company stock worth $4,965,150. Company insiders own 0.52% of the company’s stock.

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.