Choreo LLC Purchases 783 Shares of F5, Inc. (NASDAQ:FFIV)

Choreo LLC increased its position in F5, Inc. (NASDAQ:FFIV) by 56.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,163 shares of the network technology company’s stock after purchasing an additional 783 shares during the quarter. Choreo LLC’s holdings in F5 were worth $546,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FFIV. Chase Investment Counsel Corp bought a new stake in F5 in the third quarter valued at $4,726,000. JPMorgan Chase & Co. grew its holdings in shares of F5 by 24.7% in the 3rd 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 during the last quarter. Boston Trust Walden Corp increased its position in shares of F5 by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after purchasing an additional 7,341 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in F5 by 14.3% during the 3rd quarter. New York State Common Retirement Fund now owns 70,536 shares of the network technology company’s stock valued at $15,532,000 after purchasing an additional 8,800 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in F5 by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after buying an additional 571 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Trading Up 0.0 %

Shares of NASDAQ:FFIV opened at $308.39 on Wednesday. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $310.77. The stock has a market capitalization of $17.89 billion, a P/E ratio of 30.66, a P/E/G ratio of 3.90 and a beta of 1.06. The business has a 50-day moving average price of $267.74 and a two-hundred day moving average price of $234.93.

F5 announced that its Board of Directors has approved a stock buyback plan on Monday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network technology company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on FFIV. Needham & Company LLC raised their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. The Goldman Sachs Group raised their price target on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Evercore ISI boosted 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. Bank of America raised their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Finally, Barclays upped their price target on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, F5 has an average rating of “Hold” and a consensus target price of $295.00.

Insider Transactions at F5

In related news, Director Alan Higginson sold 825 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total value of $197,810.25. Following the completion of the sale, the director now owns 9,882 shares in the company, valued at approximately $2,369,407.14. This represents a 7.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Marianne Budnik sold 728 shares of the firm’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 transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,899 shares of company stock worth $1,682,977 in the last quarter. 0.52% of the stock is owned by company insiders.

F5 Company 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.