WESPAC Advisors LLC Buys Shares of 3,058 F5, Inc. (NASDAQ:FFIV)

WESPAC Advisors LLC bought a new position in F5, Inc. (NASDAQ:FFIV - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,058 shares of the network technology company's stock, valued at approximately $814,000.

Several other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of F5 by 275.0% in the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of F5 during the fourth quarter worth about $31,000. Crowley Wealth Management Inc. purchased a new stake in shares of F5 during the fourth quarter worth about $35,000. Hurley Capital LLC purchased a new stake in F5 in the fourth quarter valued at approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its holdings in 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 period. Institutional investors and hedge funds own 90.66% of the company's stock.

F5 Stock Down 2.7%

Shares of FFIV traded down $8.00 on Friday, hitting $291.89. The company's stock had a trading volume of 451,303 shares, compared to its average volume of 563,602. The firm's fifty day moving average price is $288.11 and its 200-day moving average price is $277.79. F5, Inc. has a fifty-two week low of $170.21 and a fifty-two week high of $313.00. The firm has a market capitalization of $16.76 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 3.82 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $719.91 million. During the same quarter in the prior year, the firm posted $2.91 EPS. The business's revenue was up 7.3% on a year-over-year basis. As a group, equities analysts predict that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other F5 news, Director Elizabeth Buse sold 1,500 shares of the 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 transaction, the director owned 5,013 shares in the company, valued at $1,471,465.89. This trade represents a 23.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Thomas Dean Fountain sold 1,347 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total value of $362,383.41. Following the transaction, the executive vice president owned 20,660 shares in the company, valued at $5,558,159.80. The trade was a 6.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,519 shares of company stock worth $2,408,594 in the last quarter. 0.52% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

FFIV has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a research report on Tuesday, April 29th. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Piper Sandler lifted their price target on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $320.00 price target on shares of F5 in a research report on Tuesday, April 29th. Finally, William Blair reissued an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $282.56.

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.