Ritholtz Wealth Management Increases Position in F5, Inc. (NASDAQ:FFIV)

Ritholtz Wealth Management grew its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 227.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,186 shares of the network technology company's stock after acquiring an additional 2,212 shares during the quarter. Ritholtz Wealth Management's holdings in F5 were worth $848,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. boosted its position in shares of F5 by 3.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock valued at $240,000 after buying an additional 34 shares during the period. Colonial Trust Co SC boosted its holdings in F5 by 5.2% during the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after acquiring an additional 34 shares during the period. Jones Financial Companies Lllp grew its position in F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock valued at $214,000 after acquiring an additional 35 shares during the last quarter. AMG National Trust Bank increased its stake in F5 by 0.5% in the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock worth $1,987,000 after purchasing an additional 37 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after purchasing an additional 49 shares during the period. Institutional investors own 90.66% of the company's stock.

Insider Activity

In other F5 news, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the transaction, the director now owns 4,376 shares of the company's stock, valued at approximately $1,251,360.96. The trade was a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business's 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 owns 148,647 shares of the company's stock, valued at $39,446,454.39. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,519 shares of company stock valued at $2,370,959 in the last ninety days. Insiders own 0.52% of the company's stock.

F5 Trading Down 0.7%

Shares of NASDAQ:FFIV traded down $2.11 during trading on Wednesday, reaching $286.48. The stock had a trading volume of 376,115 shares, compared to its average volume of 562,118. The firm's 50-day simple moving average is $276.20 and its 200 day simple moving average is $273.08. F5, Inc. has a one year low of $167.08 and a one year high of $313.00. The company has a market capitalization of $16.45 billion, a P/E ratio of 27.18, a PEG ratio of 3.69 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. The company had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. F5's revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the business earned $2.91 EPS. Equities research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.