Chapin Davis Inc. Takes Position in F5, Inc. (NASDAQ:FFIV)

Chapin Davis Inc. bought a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,575 shares of the network technology company's stock, valued at approximately $4,680,000. F5 accounts for approximately 1.6% of Chapin Davis Inc.'s portfolio, making the stock its 15th biggest position.

A number of other institutional investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. raised its stake in shares of F5 by 3.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock worth $240,000 after buying an additional 34 shares during the period. Colonial Trust Co SC raised its stake in F5 by 5.2% during the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock worth $172,000 after acquiring an additional 34 shares during the period. Jones Financial Companies Lllp raised its position in shares of F5 by 4.3% during the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock valued at $214,000 after purchasing an additional 35 shares during the period. AMG National Trust Bank raised its holdings in F5 by 0.5% during the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock valued at $1,987,000 after acquiring an additional 37 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in F5 by 31.8% during the fourth 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. Institutional investors own 90.66% of the company's stock.

Insider Buying and Selling at F5

In related news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now directly owns 148,647 shares in the company, valued at $39,446,454.39. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total value of $514,728.00. Following the sale, the director now directly owns 4,376 shares of the company's stock, valued at $1,251,360.96. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,519 shares of company stock worth $2,370,959 over the last three months. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

FFIV has been the topic of a number of research reports. Morgan Stanley lifted their price target on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Royal Bank Of Canada restated a "sector perform" rating and issued a $290.00 price target on shares of F5 in a research report on Tuesday, April 29th. Piper Sandler boosted their price objective on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. William Blair reissued an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Finally, Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $282.56.

F5 Stock Performance

F5 stock traded down $5.32 during midday trading on Thursday, hitting $289.09. 995,983 shares of the company's stock were exchanged, compared to its average volume of 558,519. F5, Inc. has a 12 month low of $169.42 and a 12 month high of $313.00. The firm has a 50-day moving average of $280.39 and a two-hundred day moving average of $274.68. The company has a market cap of $16.60 billion, a PE ratio of 27.43, a P/E/G ratio of 3.75 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 the consensus estimate of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period last year, the firm earned $2.91 earnings per share. As a group, equities analysts expect that F5, Inc. will post 11.2 earnings per share for the current 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.