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

Allspring Global Investments Holdings LLC boosted its stake in shares of F5, Inc. (NASDAQ:FFIV) by 457.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,375 shares of the network technology company’s stock after buying an additional 25,748 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.05% of F5 worth $7,899,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of F5 by 3.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after acquiring an additional 191,020 shares during the period. State Street Corp lifted its position in shares of F5 by 0.5% in 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 last quarter. Geode Capital Management LLC boosted its stake in shares of F5 by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock worth $345,560,000 after acquiring an additional 117,080 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after acquiring an additional 81,005 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in F5 by 7.7% in the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock valued at $83,101,000 after acquiring an additional 27,124 shares during the period. Institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on FFIV shares. Needham & Company LLC increased their price objective on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Barclays upped their target price on 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 upped their target price on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Piper Sandler increased 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. Finally, Bank of America lifted their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. 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.

Insider Buying and Selling at F5

In other news, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction dated 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 owns 151,247 shares in the company, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the sale, the executive vice president now owns 27,264 shares in the company, valued at approximately $7,915,557.12. This represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,574 shares of company stock valued at $3,455,057 over the last three months. 0.52% of the stock is currently owned by insiders.

F5 Stock Performance

FFIV opened at $307.59 on Wednesday. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The firm has a 50-day moving average of $273.09 and a 200 day moving average of $239.01. The firm has a market cap of $17.84 billion, a P/E ratio of 30.58, a PEG ratio of 3.90 and a beta of 1.06.

F5 declared that its Board of Directors has authorized a share repurchase program on Monday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network technology company to repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.