Forum Financial Management LP Acquires New Position in F5, Inc. (NASDAQ:FFIV)

Forum Financial Management LP acquired a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,210 shares of the network technology company's stock, valued at approximately $304,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new stake in shares of F5 in the 4th quarter valued at about $35,000. Hurley Capital LLC acquired a new stake in F5 during the fourth quarter valued at approximately $43,000. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 49 shares during the last quarter. Smithfield Trust Co purchased a new stake in shares of F5 in the 4th quarter valued at approximately $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of F5 in the 4th quarter valued at approximately $60,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Buying and Selling

In related news, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction 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 transaction, the director now owns 9,919 shares in the company, valued at $2,843,678.11. This trade represents a 11.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the completion of the transaction, the executive vice president now owns 20,660 shares in the company, valued at $5,558,159.80. This trade represents a 6.12% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,891 shares of company stock valued at $2,418,732. Company insiders own 0.52% of the company's stock.

F5 Stock Performance

FFIV stock traded up $1.12 during trading on Friday, reaching $281.71. 1,291,159 shares of the company were exchanged, compared to its average volume of 569,308. F5, Inc. has a 52-week low of $164.45 and a 52-week high of $313.00. The company has a market cap of $16.18 billion, a P/E ratio of 28.00, a PEG ratio of 3.85 and a beta of 1.00. The stock's 50 day moving average price is $268.13 and its 200 day moving average price is $269.43.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.31. F5 had a net margin of 20.58% and a return on equity of 20.98%. 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 prior year, the firm earned $2.91 earnings per share. The business's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts forecast that F5, Inc. will post 11.2 EPS for the current year.

Analysts Set New Price Targets

FFIV has been the subject of a number of research reports. William Blair reissued an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Barclays cut their price target on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Needham & Company LLC reissued a "buy" rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $290.00 price target on shares of F5 in a research note on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $282.56.

F5 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.