Vise Technologies Inc. Purchases New Position in F5, Inc. (NASDAQ:FFIV)

Vise Technologies Inc. bought a new position in F5, Inc. (NASDAQ:FFIV - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,411 shares of the network technology company's stock, valued at approximately $606,000.

A number of other large investors have also bought and sold shares of the company. Coldstream Capital Management Inc. lifted its stake in shares of F5 by 3.7% during the 4th 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 in the last quarter. Colonial Trust Co SC raised 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 lifted its position in shares of F5 by 4.3% during the fourth 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 lifted its position in shares of F5 by 0.5% during the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock worth $1,987,000 after acquiring an additional 37 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of F5 by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock worth $404,000 after acquiring an additional 44 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FFIV has been the topic of a number of analyst reports. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price objective on shares of F5 in a research note on Tuesday, April 29th. William Blair reaffirmed an "outperform" rating on shares of F5 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. Piper Sandler boosted their price objective on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Finally, Barclays decreased their target price on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus target price of $282.56.

F5 Price Performance

FFIV stock traded down $2.70 during midday trading on Thursday, reaching $280.59. The company had a trading volume of 342,690 shares, compared to its average volume of 568,364. The firm has a 50-day moving average price of $267.88 and a 200-day moving average price of $268.56. The company has a market capitalization of $16.11 billion, a P/E ratio of 27.89, a P/E/G ratio of 3.85 and a beta of 1.00. F5, Inc. has a 1 year low of $164.45 and a 1 year high of $313.00.

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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $719.91 million. During the same period in the previous year, the business earned $2.91 earnings per share. The firm's quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Insider Buying and Selling

In related news, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total value of $362,383.41. Following the transaction, the executive vice president now owns 20,660 shares in the company, valued at $5,558,159.80. This trade represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael L. Dreyer sold 1,800 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the sale, the director now directly owns 4,376 shares of the company's stock, valued at $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. Insiders sold 8,891 shares of company stock worth $2,418,732 in the last quarter. 0.52% of the stock is owned by insiders.

F5 Company 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.