Hurley Capital LLC Invests $43,000 in F5, Inc. (NASDAQ:FFIV)

Hurley Capital LLC acquired a new stake in F5, Inc. (NASDAQ:FFIV) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 169 shares of the network technology company’s stock, valued at approximately $43,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of F5 by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company’s stock valued at $1,897,154,000 after purchasing an additional 64,261 shares in the last quarter. State Street Corp raised its stake in shares of F5 by 0.5% in the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock worth $701,825,000 after buying an additional 16,663 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of F5 by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company’s stock valued at $402,536,000 after buying an additional 30,367 shares during the period. Norges Bank bought a new position in F5 during the fourth quarter valued at about $171,127,000. Finally, Alliancebernstein L.P. grew its holdings in F5 by 14.0% during the fourth quarter. Alliancebernstein L.P. now owns 656,231 shares of the network technology company’s stock worth $165,022,000 after acquiring an additional 80,570 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at F5

In other news, CEO Francois Locoh-Donou sold 6,500 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. The trade was a 4.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Marianne Budnik sold 728 shares of the 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. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,232 shares of company stock valued at $5,310,131 in the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

F5 Trading Down 4.7 %

NASDAQ:FFIV opened at $239.25 on Friday. The business’s fifty day moving average price is $283.88 and its 200 day moving average price is $256.47. The firm has a market capitalization of $13.79 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 3.85 and a beta of 1.14. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00.

Wall Street Analysts Forecast Growth

FFIV has been the subject of a number of research analyst reports. Evercore ISI upped their price target 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. Royal Bank of Canada raised their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Bank of America upped 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. Barclays raised their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley upped their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a 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 data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $295.00.

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.