XTX Topco Ltd Makes New Investment in F5, Inc. (NASDAQ:FFIV)

XTX Topco Ltd bought a new stake in F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,127 shares of the network technology company’s stock, valued at approximately $1,038,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Crowley Wealth Management Inc. purchased a new position in F5 in the fourth quarter valued at approximately $35,000. Hurley Capital LLC bought a new stake in shares of F5 in the fourth quarter valued at $43,000. Friedenthal Financial bought a new stake in shares of F5 in the fourth quarter valued at $50,000. EverSource Wealth Advisors LLC lifted its position in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after buying an additional 49 shares during the last quarter. Finally, Smithfield Trust Co bought a new position in shares of F5 during the 4th quarter worth $57,000. 90.66% of the stock is owned by institutional investors.

Insider Activity at F5

In other news, Director Marianne Budnik sold 728 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,232 shares of company stock valued at $5,310,131. Company insiders own 0.52% of the company’s stock.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $263.53 on Wednesday. The company has a market cap of $15.19 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 3.85 and a beta of 1.14. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The firm has a fifty day moving average price of $277.08 and a two-hundred day moving average price of $258.47.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FFIV. Needham & Company LLC boosted 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 boosted their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Morgan Stanley cut their price objective on shares of F5 from $310.00 to $269.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Evercore ISI boosted 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, The Goldman Sachs Group raised their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $285.78.

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.