Wealth Enhancement Advisory Services LLC Has $1.76 Million Stake in F5, Inc. (NASDAQ:FFIV)

Wealth Enhancement Advisory Services LLC lifted its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 36.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,995 shares of the network technology company's stock after purchasing an additional 1,875 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in F5 were worth $1,759,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in shares of F5 during the fourth quarter worth about $31,000. Crowley Wealth Management Inc. purchased a new stake in F5 during the 4th quarter valued at approximately $35,000. Hurley Capital LLC acquired a new position in shares of F5 during the fourth quarter worth about $43,000. EverSource Wealth Advisors LLC increased its stake in shares of F5 by 31.8% during 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. Finally, Smithfield Trust Co purchased a new stake in F5 during the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

F5 Price Performance

FFIV traded up $1.47 on Friday, reaching $295.43. 313,269 shares of the company traded hands, compared to its average volume of 566,730. The stock's 50 day moving average price is $270.50 and its 200-day moving average price is $270.83. F5, Inc. has a 52-week low of $164.45 and a 52-week high of $313.00. The company has a market cap 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 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping the consensus estimate of $3.11 by $0.31. The company had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.91 earnings per share. As a group, equities research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insider Activity at F5

In other news, Director Alan Higginson sold 1,272 shares of the company's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total value of $364,669.68. Following the sale, the director now owns 9,919 shares of the company's stock, valued at approximately $2,843,678.11. This represents a 11.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now owns 1,207 shares in the company, valued at $314,689.04. This represents a 60.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,891 shares of company stock worth $2,418,732 in the last ninety days. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on FFIV. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $290.00 price target 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 research note on Thursday, May 22nd. Piper Sandler raised their price objective on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a report on Tuesday, April 29th. Needham & Company LLC reiterated a "buy" rating and issued a $320.00 price objective on shares of F5 in a research report on Tuesday, April 29th. Finally, Morgan Stanley boosted their price target on shares of F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, F5 presently has an average rating of "Hold" and a consensus price target 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.