F5, Inc. (NASDAQ:FFIV) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 129.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,456 shares of the network technology company's stock after acquiring an additional 9,277 shares during the quarter. Cerity Partners LLC's holdings in F5 were worth $4,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in shares of F5 by 5.3% during the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock valued at $243,000 after purchasing an additional 49 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after acquiring an additional 49 shares during the period. Natixis Advisors LLC grew its position in shares of F5 by 2.0% during the 4th quarter. Natixis Advisors LLC now owns 29,315 shares of the network technology company's stock valued at $7,372,000 after acquiring an additional 569 shares during the period. Corient Private Wealth LLC boosted its holdings in F5 by 30.3% in the 4th quarter. Corient Private Wealth LLC now owns 3,114 shares of the network technology company's stock worth $783,000 after buying an additional 724 shares during the period. Finally, Cibc World Markets Corp boosted its holdings in F5 by 16.0% in the 4th quarter. Cibc World Markets Corp now owns 9,165 shares of the network technology company's stock worth $2,305,000 after buying an additional 1,267 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Elizabeth Buse sold 1,500 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total transaction of $440,295.00. Following the completion of the transaction, the director owned 5,013 shares in the company, valued at $1,471,465.89. This represents a 23.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $294.32, for a total transaction of $382,616.00. Following the transaction, the chief executive officer owned 107,100 shares of the company's stock, valued at approximately $31,521,672. This trade represents a 1.20% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,519 shares of company stock worth $2,408,594. 0.52% of the stock is currently owned by corporate insiders.

F5 Trading Up 0.6%

Shares of NASDAQ:FFIV traded up $1.83 on Friday, hitting $302.17. 597,884 shares of the company were exchanged, compared to its average volume of 565,104. F5, Inc. has a 1-year low of $170.21 and a 1-year high of $313.00. The stock's 50 day moving average price is $290.88 and its 200 day moving average price is $279.22. The firm has a market capitalization of $17.35 billion, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 3.82 and a beta of 1.00.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. William Blair reaffirmed an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their price objective on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research note on Thursday. Wolfe Research started coverage on shares of F5 in a research note on Monday, July 7th. They issued an "outperform" rating for the company. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $290.00 price objective on shares of F5 in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $291.44.

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.