Wealth Enhancement Advisory Services LLC Raises Position in F5, Inc. (NASDAQ:FFIV)

Wealth Enhancement Advisory Services LLC lifted its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 388.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,186 shares of the network technology company's stock after buying an additional 27,191 shares during the period. Wealth Enhancement Advisory Services LLC owned approximately 0.06% of F5 worth $9,103,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. NorthCrest Asset Manangement LLC boosted its position in shares of F5 by 12.0% in the first quarter. NorthCrest Asset Manangement LLC now owns 3,461 shares of the network technology company's stock worth $922,000 after buying an additional 370 shares during the period. Fifth Third Bancorp boosted its position in shares of F5 by 7.5% in the first quarter. Fifth Third Bancorp now owns 2,649 shares of the network technology company's stock worth $705,000 after buying an additional 184 shares during the period. Simon Quick Advisors LLC boosted its position in shares of F5 by 59.8% in the first quarter. Simon Quick Advisors LLC now owns 2,609 shares of the network technology company's stock worth $695,000 after buying an additional 976 shares during the period. CX Institutional purchased a new stake in shares of F5 in the first quarter worth about $125,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its position in shares of F5 by 19.5% in the first quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 24,487 shares of the network technology company's stock worth $6,512,000 after buying an additional 4,000 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Buying and Selling at F5

In other news, Director Alan Higginson sold 1,272 shares of the 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 sale, the director now directly owns 9,919 shares in the company, valued at approximately $2,843,678.11. This represents a 11.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,519 shares of company stock worth $2,370,959 over the last quarter. 0.52% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on FFIV. William Blair reaffirmed an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $290.00 price target on shares of F5 in a research note on Tuesday, April 29th. Morgan Stanley boosted their price target on F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Wall Street Zen cut F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Piper Sandler boosted their price target on F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $282.56.

F5 Stock Up 2.8%

Shares of NASDAQ FFIV opened at $295.09 on Tuesday. The stock's 50 day moving average price is $278.43 and its two-hundred day moving average price is $274.18. F5, Inc. has a 52-week low of $167.35 and a 52-week high of $313.00. The stock has a market capitalization of $16.95 billion, a P/E ratio of 28.00, a PEG ratio of 3.65 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced 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 analysts' expectations of $719.91 million. During the same quarter in the prior year, the firm posted $2.91 earnings per share. F5's revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

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.

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