4,631 Shares in F5, Inc. (NASDAQ:FFIV) Purchased by Advisor Resource Council

Advisor Resource Council purchased a new position in F5, Inc. (NASDAQ:FFIV - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,631 shares of the network technology company's stock, valued at approximately $1,150,000.

A number of other large investors also recently modified their holdings of FFIV. Allworth Financial LP boosted its holdings in F5 by 1,132.1% in the 4th quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock valued at $94,000 after purchasing an additional 317 shares during the period. CIBC Asset Management Inc grew its position in F5 by 4.2% during the fourth quarter. CIBC Asset Management Inc now owns 8,924 shares of the network technology company's stock worth $2,244,000 after buying an additional 363 shares in the last quarter. D.A. Davidson & CO. grew its position in F5 by 22.7% during the fourth quarter. D.A. Davidson & CO. now owns 6,100 shares of the network technology company's stock worth $1,534,000 after buying an additional 1,129 shares in the last quarter. Venturi Wealth Management LLC increased its stake in F5 by 79.1% in the 4th quarter. Venturi Wealth Management LLC now owns 573 shares of the network technology company's stock worth $144,000 after acquiring an additional 253 shares during the last quarter. Finally, Global Retirement Partners LLC raised its holdings in shares of F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock valued at $80,000 after acquiring an additional 282 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FFIV. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Piper Sandler upped their price objective on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. William Blair reissued an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley upped their target price on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Finally, Needham & Company LLC reissued a "buy" rating and set a $320.00 price target on shares of F5 in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $282.56.

Insiders Place Their Bets

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total transaction of $344,981.00. Following the sale, the chief executive officer now directly owns 148,647 shares of the company's stock, valued at approximately $39,446,454.39. The trade was a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael L. Dreyer sold 1,800 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the transaction, the director now directly owns 4,376 shares of the company's stock, valued at $1,251,360.96. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,519 shares of company stock worth $2,370,959. 0.52% of the stock is currently owned by company insiders.

F5 Stock Performance

Shares of NASDAQ FFIV traded up $0.81 during mid-day trading on Tuesday, hitting $295.90. The stock had a trading volume of 435,278 shares, compared to its average volume of 555,914. The business has a 50 day moving average price of $278.43 and a two-hundred day moving average price of $274.18. F5, Inc. has a 1 year low of $167.35 and a 1 year high of $313.00. The firm has a market cap of $16.99 billion, a P/E ratio of 28.07, a price-to-earnings-growth ratio of 3.65 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. The firm had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.91 earnings per share. Equities research analysts predict that F5, Inc. will post 11.2 EPS for the current fiscal year.

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.