F5, Inc. (NASDAQ:FFIV) Shares Purchased by State of Wyoming

State of Wyoming grew its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 951.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,651 shares of the network technology company's stock after buying an additional 1,494 shares during the period. State of Wyoming's holdings in F5 were worth $415,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Crowley Wealth Management Inc. bought a new stake in shares of F5 in the fourth quarter worth approximately $35,000. Hurley Capital LLC bought a new stake in shares of F5 in the fourth quarter worth approximately $43,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 acquiring an additional 49 shares during the period. Smithfield Trust Co bought a new stake in shares of F5 in the fourth quarter worth approximately $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of F5 in the fourth quarter worth approximately $60,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Barclays reduced 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. JPMorgan Chase & Co. cut their target price on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Bank of America boosted their target price on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. Royal Bank of Canada restated a "sector perform" rating and set a $290.00 target price on shares of F5 in a research report on Tuesday, April 29th. Finally, Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday. One 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 MarketBeat, the stock has an average rating of "Hold" and an average target price of $282.56.

Insider Transactions at F5

In other news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $264.54, for a total value of $343,902.00. Following the transaction, the chief executive officer now owns 151,700 shares of the company's stock, valued at $40,130,718. The trade was a 0.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction that occurred on Thursday, May 22nd. The stock was 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 directly owns 9,919 shares in the company, valued at approximately $2,843,678.11. The trade was a 11.37% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,577 shares of company stock worth $2,926,029. Insiders own 0.52% of the company's stock.

F5 Stock Down 0.8%

F5 stock traded down $2.38 during mid-day trading on Friday, reaching $282.10. 248,401 shares of the company's stock traded hands, compared to its average volume of 570,781. The company has a market cap of $16.20 billion, a price-to-earnings ratio of 28.04, a PEG ratio of 3.85 and a beta of 1.00. The stock has a 50 day moving average of $266.98 and a two-hundred day moving average of $267.68. F5, Inc. has a 12-month low of $164.45 and a 12-month high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly 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 net margin of 20.58% and a return on equity of 20.98%. The company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same quarter in the prior year, the firm earned $2.91 earnings per share. F5's revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts forecast that F5, Inc. will post 11.2 earnings per share 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.