Wealth Enhancement Advisory Services LLC grew its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 36.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,995 shares of the network technology company's stock after buying an additional 1,875 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in F5 were worth $1,759,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Park Square Financial Group LLC acquired a new position in F5 in the fourth quarter valued at approximately $31,000. Crowley Wealth Management Inc. acquired a new stake in F5 in the fourth quarter valued at $35,000. Hurley Capital LLC acquired a new stake in F5 in the fourth quarter valued at $43,000. EverSource Wealth Advisors LLC boosted its holdings in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after buying an additional 49 shares in the last quarter. Finally, Smithfield Trust Co acquired a new position in shares of F5 in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 90.66% of the company's stock.
Analysts Set New Price Targets
FFIV has been the topic of several recent research reports. Morgan Stanley boosted their price target on F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Needham & Company LLC restated a "buy" rating and set a $320.00 target price on shares of F5 in a report on Tuesday, April 29th. Piper Sandler upped their target price on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research note on Tuesday, April 29th. Barclays cut their price target on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, F5 presently has a consensus rating of "Hold" and an average price target of $282.56.
View Our Latest Stock Analysis on FFIV
Insider Buying and Selling
In other F5 news, 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 transaction, the director now owns 1,207 shares in the company, valued at $314,689.04. This represents a 60.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Thomas Dean Fountain sold 1,347 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total transaction of $362,383.41. Following the sale, the executive vice president now directly owns 20,660 shares in the company, valued at $5,558,159.80. The trade was a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,891 shares of company stock valued at $2,418,732. Company insiders own 0.52% of the company's stock.
F5 Price Performance
Shares of NASDAQ FFIV traded down $1.07 during mid-day trading on Tuesday, hitting $293.66. The company had a trading volume of 269,084 shares, compared to its average volume of 565,902. The firm has a market cap of $16.87 billion, a P/E ratio of 29.19, a PEG ratio of 3.85 and a beta of 1.00. F5, Inc. has a 12 month low of $164.67 and a 12 month high of $313.00. The business's 50-day simple moving average is $271.79 and its 200-day simple moving average is $271.70.
F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share 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 business had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same quarter last year, the business posted $2.91 earnings per share. F5's revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts predict that F5, Inc. will post 11.2 EPS for the current year.
F5 Company Profile
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Free Report)
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.
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