9,066 Shares in F5, Inc. $FFIV Acquired by Peak Financial Advisors LLC

Key Points

• Peak Financial Advisors LLC has acquired 9,066 shares of F5, Inc. valued at approximately $2.67 million, making it 1.4% of their total portfolio.
• F5's CEO and EVP recently sold significant shares, with the CEO selling 1,300 shares for about $400,582 and the EVP selling 5,297 shares for approximately $1.71 million.
• F5 reported earnings of $4.16 per share for Q3 2023, exceeding estimates and reflecting a 12.2% year-over-year revenue growth, with a market capitalization of $18.48 billion.

Peak Financial Advisors LLC purchased a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 9,066 shares of the network technology company's stock, valued at approximately $2,668,000. F5 makes up 1.4% of Peak Financial Advisors LLC's portfolio, making the stock its 18th largest position.

Other large investors have also made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of F5 by 134.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company's stock worth $27,000 after acquiring an additional 59 shares in the last quarter. Golden State Wealth Management LLC boosted its position in shares of F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after acquiring an additional 77 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of F5 during the 4th quarter worth approximately $31,000. Groupe la Francaise acquired a new stake in shares of F5 during the 1st quarter worth approximately $34,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of F5 during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Activity

In related news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction on Friday, August 1st. The shares were sold at an average price of $308.14, for a total transaction of $400,582.00. Following the completion of the transaction, the chief executive officer owned 110,153 shares of the company's stock, valued at $33,942,545.42. This trade represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chad Michael Whalen sold 5,297 shares of F5 stock in a transaction on Monday, August 11th. The stock was sold at an average price of $322.24, for a total transaction of $1,706,905.28. Following the transaction, the executive vice president directly owned 23,591 shares of the company's stock, valued at $7,601,963.84. This represents a 18.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,945 shares of company stock worth $3,762,365 over the last ninety days. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

FFIV has been the subject of several research reports. Barclays increased their price objective on shares of F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Needham & Company LLC increased their price objective on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wolfe Research initiated coverage on shares of F5 in a research note on Monday, July 7th. They issued an "outperform" rating for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $309.89.

F5 Stock Performance

FFIV stock opened at $321.67 on Friday. The company has a fifty day moving average price of $310.97 and a 200-day moving average price of $287.91. The company has a market capitalization of $18.48 billion, a P/E ratio of 28.34, a PEG ratio of 3.86 and a beta of 1.08. F5, Inc. has a 52-week low of $206.10 and a 52-week high of $337.39.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.67. The firm had revenue of $780.37 million during the quarter, compared to the consensus estimate of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. The company's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter last year, the firm earned $3.36 earnings per share. F5 has set its FY 2025 guidance at 15.240-15.380 EPS. Q4 2025 guidance at 3.870-3.990 EPS. As a group, sell-side analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

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.

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