Sequoia Financial Advisors LLC Buys 20,396 Shares of F5, Inc. (NASDAQ:FFIV)

Sequoia Financial Advisors LLC increased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 698.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,318 shares of the network technology company's stock after purchasing an additional 20,396 shares during the period. Sequoia Financial Advisors LLC's holdings in F5 were worth $4,173,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Optimum Investment Advisors boosted its position in shares of F5 by 5.5% during the 4th quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company's stock worth $206,000 after purchasing an additional 60 shares during the period. Horizon Investments LLC lifted its holdings in F5 by 6.0% during the 2nd quarter. Horizon Investments LLC now owns 1,210 shares of the network technology company's stock worth $177,000 after buying an additional 68 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in F5 by 2.3% during the 2nd quarter. Kestra Advisory Services LLC now owns 2,990 shares of the network technology company's stock worth $437,000 after buying an additional 68 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund lifted its holdings in F5 by 3.3% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,135 shares of the network technology company's stock worth $309,000 after buying an additional 69 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in F5 by 1.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 3,842 shares of the network technology company's stock worth $562,000 after buying an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

F5 Trading Up 0.5 %

Shares of NASDAQ:FFIV traded up $0.96 during midday trading on Thursday, hitting $192.09. The stock had a trading volume of 293,850 shares, compared to its average volume of 440,823. The company has a market capitalization of $11.30 billion, a PE ratio of 24.98, a P/E/G ratio of 2.82 and a beta of 1.11. The stock has a 50 day moving average price of $188.22 and a two-hundred day moving average price of $174.46. F5, Inc. has a 1 year low of $127.05 and a 1 year high of $199.49.

F5 (NASDAQ:FFIV - Get Free Report) last issued its earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.04 by $0.39. The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. The business's revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS. As a group, equities analysts expect that F5, Inc. will post 9.58 EPS for the current year.

Insider Transactions at F5

In other news, CFO Francis J. Pelzer sold 500 shares of the business's stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $180.09, for a total transaction of $90,045.00. Following the sale, the chief financial officer now owns 31,508 shares of the company's stock, valued at approximately $5,674,275.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $180.09, for a total value of $90,045.00. Following the sale, the chief financial officer now owns 31,508 shares of the company's stock, valued at $5,674,275.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of the company's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the completion of the sale, the executive vice president now directly owns 15,008 shares in the company, valued at approximately $2,747,364.48. The disclosure for this sale can be found here. Insiders have sold 10,201 shares of company stock valued at $1,908,705 in the last quarter. 0.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FFIV. Piper Sandler raised their price objective on shares of F5 from $170.00 to $187.00 and gave the company a "neutral" rating in a report on Tuesday, January 30th. KeyCorp lifted their price target on shares of F5 from $186.00 to $204.00 and gave the stock an "overweight" rating in a research note on Thursday, January 18th. Royal Bank of Canada reiterated a "sector perform" rating and set a $204.00 price target on shares of F5 in a research note on Friday, February 9th. Needham & Company LLC reiterated a "buy" rating and set a $220.00 price target on shares of F5 in a research note on Tuesday, February 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of F5 from $197.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $186.82.

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.