F5, Inc. (NASDAQ:FFIV) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 388.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,186 shares of the network technology company's stock after acquiring an additional 27,191 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of F5 worth $9,103,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in F5 during the 4th quarter valued at about $31,000. Crowley Wealth Management Inc. acquired a new position in shares of F5 during the 4th quarter worth approximately $35,000. Hurley Capital LLC purchased a new stake in shares of F5 in the fourth quarter valued at approximately $43,000. EverSource Wealth Advisors LLC increased its holdings 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 valued at $51,000 after purchasing an additional 49 shares during the last quarter. Finally, Smithfield Trust Co purchased a new position in F5 during the fourth quarter worth approximately $57,000. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Stock Up 2.3%

NASDAQ:FFIV traded up $6.66 during trading hours on Friday, reaching $295.75. 673,764 shares of the stock were exchanged, compared to its average volume of 558,977. F5, Inc. has a twelve month low of $169.42 and a twelve month high of $313.00. The business has a 50-day moving average of $280.39 and a two-hundred day moving average of $274.68. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of 28.06, a PEG ratio of 3.75 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The firm had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same quarter in the previous year, the business earned $2.91 EPS. The company's quarterly revenue was up 7.3% compared to the same quarter last year. On average, research analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insider Transactions at F5

In other news, Director Elizabeth Buse sold 1,500 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total transaction of $440,295.00. Following the sale, the director now owns 5,013 shares of the company's stock, valued at approximately $1,471,465.89. This represents a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction 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 transaction, the director now owns 9,919 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders have sold 8,519 shares of company stock valued at $2,370,959. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on FFIV shares. Piper Sandler upped their target price on F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Barclays decreased their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Finally, Morgan Stanley raised their target price on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus target price of $282.56.

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.