F5, Inc. (NASDAQ:FFIV) Holdings Raised by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 5.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,016 shares of the network technology company's stock after purchasing an additional 859 shares during the period. Sequoia Financial Advisors LLC's holdings in F5 were worth $4,265,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. lifted its stake in shares of F5 by 110.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock valued at $149,242,000 after purchasing an additional 294,050 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of F5 by 275.0% in the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. Spire Wealth Management lifted its stake in shares of F5 by 11.9% in the 1st quarter. Spire Wealth Management now owns 451 shares of the network technology company's stock valued at $120,000 after purchasing an additional 48 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of F5 by 3.4% in the 1st quarter. Asset Management One Co. Ltd. now owns 34,177 shares of the network technology company's stock valued at $9,100,000 after purchasing an additional 1,114 shares in the last quarter. Finally, Chapin Davis Inc. acquired a new position in shares of F5 in the 1st quarter valued at about $4,680,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael L. Dreyer sold 1,800 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the sale, the director now directly owns 4,376 shares in the company, valued at approximately $1,251,360.96. The trade was a 29.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan Higginson sold 1,272 shares of the business's stock in a transaction that occurred 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 completion of the sale, the director now owns 9,919 shares of the company's stock, valued at $2,843,678.11. This trade represents a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,519 shares of company stock worth $2,370,959. 0.52% of the stock is currently owned by insiders.

F5 Stock Up 2.3%

Shares of FFIV traded up $6.66 during trading on Friday, reaching $295.75. The company's stock had a trading volume of 675,626 shares, compared to its average volume of 559,197. The company has a fifty day moving average of $281.14 and a two-hundred day moving average of $275.06. F5, Inc. has a twelve month low of $169.55 and a twelve month high of $313.00. The company has a market cap of $16.98 billion, a price-to-earnings ratio of 28.06, a P/E/G ratio of 3.76 and a beta of 1.00.

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 (EPS) for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The company had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same period in the prior year, the company posted $2.91 EPS. F5's quarterly revenue was up 7.3% on a year-over-year basis. As a group, equities analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analyst Ratings Changes

FFIV has been the topic of several research analyst reports. Barclays reduced their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Needham & Company LLC reissued a "buy" rating and set a $320.00 price target on shares of F5 in a research report on Tuesday, April 29th. Morgan Stanley boosted their price target on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. William Blair reissued an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Finally, Piper Sandler boosted their price target on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating 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 issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price 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.