Friedenthal Financial Grows Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Friedenthal Financial grew its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 1,583.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,334 shares of the network technology company's stock after acquiring an additional 3,136 shares during the period. Friedenthal Financial's holdings in F5 were worth $888,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. boosted its holdings in F5 by 3.7% during 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 in the last quarter. Colonial Trust Co SC lifted its holdings in F5 by 5.2% during the fourth quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after purchasing an additional 34 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in F5 by 4.3% during the fourth 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 in the last quarter. AMG National Trust Bank lifted 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 purchasing an additional 37 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted 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 purchasing an additional 49 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the sale, the director now owns 4,376 shares of the company's stock, valued at approximately $1,251,360.96. This represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,519 shares of company stock worth $2,370,959. Insiders own 0.52% of the company's stock.

Analysts Set New Price Targets

FFIV has been the topic of several recent analyst reports. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $290.00 price objective on shares of F5 in a report on Tuesday, April 29th. Piper Sandler increased their price objective on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley increased their target price on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Finally, Barclays reduced their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $282.56.

F5 Stock Down 0.7%

Shares of NASDAQ FFIV opened at $286.48 on Thursday. F5, Inc. has a 52 week low of $167.35 and a 52 week high of $313.00. The stock has a market capitalization of $16.45 billion, a price-to-earnings ratio of 27.18, a price-to-earnings-growth ratio of 3.67 and a beta of 1.00. The firm has a 50-day simple moving average of $276.64 and a 200-day simple moving average of $273.18.

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, topping the consensus estimate of $3.11 by $0.31. F5 had a net margin of 21.14% and a return on equity of 21.18%. The firm had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. During the same period last year, the business earned $2.91 earnings per share. F5's revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts expect that F5, Inc. will post 11.2 EPS for the current 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.

Want to see what other hedge funds are holding FFIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for F5, Inc. (NASDAQ:FFIV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.