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

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

Several other institutional investors also recently modified their holdings of FFIV. Park Square Financial Group LLC purchased a new stake in F5 in the fourth quarter worth about $31,000. Crowley Wealth Management Inc. bought a new stake in shares of F5 in the 4th quarter worth approximately $35,000. Hurley Capital LLC bought a new stake in shares of F5 in the 4th quarter worth approximately $43,000. EverSource Wealth Advisors LLC grew its stake in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after buying an additional 49 shares during the last quarter. Finally, Smithfield Trust Co purchased a new stake in shares of F5 in the 4th quarter worth approximately $57,000. 90.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on FFIV shares. William Blair reissued an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Piper Sandler upped their price target on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price target on shares of F5 in a report on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $282.56.

Insider Transactions at F5

In related news, Director Alan Higginson sold 1,272 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total value of $364,669.68. Following the completion of the sale, the director now directly owns 9,919 shares of the company's stock, valued at approximately $2,843,678.11. This represents a 11.37% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm's 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 owns 148,647 shares in the company, valued at approximately $39,446,454.39. The trade was a 0.87% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,519 shares of company stock worth $2,370,959 in the last 90 days. 0.52% of the stock is currently owned by insiders.

F5 Price Performance

F5 stock traded up $0.65 during mid-day trading on Friday, reaching $287.13. 842,795 shares of the stock traded hands, compared to its average volume of 556,815. F5, Inc. has a 12-month low of $167.35 and a 12-month high of $313.00. The business's 50-day moving average is $277.78 and its 200-day moving average is $273.80. The stock has a market capitalization of $16.49 billion, a PE ratio of 27.24, 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 results 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. F5 had a return on equity of 21.18% and a net margin of 21.14%. The business had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. During the same period in the previous year, the company posted $2.91 EPS. The business's quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that F5, Inc. will post 11.2 EPS 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.