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

E Fund Management Co. Ltd. acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,180 shares of the network technology company’s stock, valued at approximately $297,000.

Other large investors have also modified their holdings of the company. Hotchkis & Wiley Capital Management LLC increased its holdings in F5 by 3.6% in 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 buying an additional 191,020 shares during the period. State Street Corp boosted its position in shares of F5 by 0.5% during the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock valued at $701,825,000 after acquiring an additional 16,663 shares in the last quarter. Geode Capital Management LLC increased its stake 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 valued at $345,560,000 after acquiring an additional 117,080 shares during the period. JPMorgan Chase & Co. raised its position 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 purchasing an additional 81,005 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in F5 by 7.7% during the third quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock worth $83,101,000 after purchasing an additional 27,124 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Needham & Company LLC upped their price objective on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Barclays upped their price target on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Evercore ISI increased their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. Morgan Stanley boosted their target price on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler upped their target price on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $295.00.

F5 Stock Down 0.0 %

F5 stock opened at $275.63 on Friday. The stock has a 50-day simple moving average of $281.73 and a 200 day simple moving average of $247.63. The stock has a market capitalization of $15.89 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 3.85 and a beta of 1.10. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value 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. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,060 shares of company stock worth $4,477,083. 0.52% of the stock is currently owned by corporate insiders.

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.