Procyon Advisors LLC Purchases Shares of 3,814 F5, Inc. (NASDAQ:FFIV)

Procyon Advisors LLC acquired a new position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 3,814 shares of the network technology company's stock, valued at approximately $1,016,000.

Other hedge funds and other institutional investors have also made changes to their positions 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 raised its position in shares of F5 by 5.2% in the fourth 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 boosted its stake 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 worth $214,000 after acquiring an additional 35 shares in the last quarter. AMG National Trust Bank grew its position in shares of F5 by 0.5% during the 4th 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 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. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Stock Up 0.5%

F5 stock opened at $295.43 on Friday. The company has a fifty day simple moving average of $270.50 and a 200-day simple moving average of $271.03. The firm has a market capitalization of $16.97 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 3.85 and a beta of 1.00. F5, Inc. has a 52-week low of $164.67 and a 52-week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. The firm had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. F5's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.91 earnings per share. On average, research analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Barclays reduced their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Royal Bank of Canada reissued a "sector perform" rating and issued a $290.00 price target on shares of F5 in a research note on Tuesday, April 29th. Piper Sandler boosted their price target on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $320.00 price objective on shares of F5 in a report on Tuesday, April 29th. One 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. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $282.56.

Insider Buying and Selling

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the firm's 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 approximately $39,446,454.39. This trade represents a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Higginson sold 1,272 shares of the business's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the transaction, the director now owns 9,919 shares in the company, valued at $2,843,678.11. The trade was a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,891 shares of company stock worth $2,418,732. 0.52% of the stock is owned by corporate insiders.

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.

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