Allspring Global Investments Holdings LLC Has $7.90 Million Holdings in F5, Inc. (NASDAQ:FFIV)

Allspring Global Investments Holdings LLC boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 457.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,375 shares of the network technology company’s stock after purchasing an additional 25,748 shares during the period. Allspring Global Investments Holdings LLC owned 0.05% of F5 worth $7,899,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of F5 in the third quarter valued at $28,000. Friedenthal Financial bought a new stake in F5 during the 4th quarter worth about $50,000. Venturi Wealth Management LLC increased its position in F5 by 79.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after acquiring an additional 142 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of F5 in the third quarter worth about $84,000. Finally, Wingate Wealth Advisors Inc. acquired a new position in shares of F5 during the fourth quarter worth approximately $99,000. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on FFIV shares. Bank of America raised their price target on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Needham & Company LLC raised their price target 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. Barclays boosted their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on shares of F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group lifted their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $295.00.

F5 Stock Down 0.8 %

Shares of F5 stock opened at $307.59 on Wednesday. The stock has a market cap of $17.84 billion, a price-to-earnings ratio of 30.58, a P/E/G ratio of 3.90 and a beta of 1.06. The company’s fifty day moving average is $273.09 and its 200 day moving average is $239.01. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00.

F5 declared that its board has authorized a stock buyback program on Monday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Insider Activity

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the company’s 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 completion of the transaction, the chief executive officer now owns 151,247 shares in the company, valued at $45,836,915.82. This represents a 4.12 % 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, insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the sale, the insider now owns 200 shares of the company’s stock, valued at $59,452. This trade represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,574 shares of company stock worth $3,455,057 in the last quarter. 0.52% of the stock is owned by corporate 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.