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

Wealth Enhancement Advisory Services LLC lifted its position in shares of F5, Inc. (NASDAQ:FFIV) by 36.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,324 shares of the network technology company’s stock after purchasing an additional 3,008 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in F5 were worth $2,147,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of F5 during the 4th quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in F5 during the 4th quarter worth $34,000. Washington Trust Advisors Inc. acquired a new stake in F5 during the 4th quarter worth $36,000. Janiczek Wealth Management LLC boosted its stake in F5 by 56.4% during the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after purchasing an additional 93 shares during the last quarter. Finally, Anchor Investment Management LLC acquired a new stake in F5 during the 4th quarter worth $51,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Performance

FFIV stock opened at $170.49 on Friday. The company’s 50 day moving average price is $170.02 and its 200 day moving average price is $179.25. F5, Inc. has a fifty-two week low of $142.16 and a fifty-two week high of $199.49. The firm has a market capitalization of $9.99 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 2.29 and a beta of 1.08.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.88 by $0.03. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $685.47 million. During the same period in the prior year, the firm earned $1.70 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts forecast that F5, Inc. will post 9.64 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on FFIV shares. Evercore ISI reduced their price target on F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a report on Tuesday, April 30th. Barclays reduced their price objective on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 30th. Royal Bank of Canada reduced their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 30th. Piper Sandler reaffirmed a “neutral” rating and issued a $167.00 target price (down from $187.00) on shares of F5 in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and a consensus target price of $185.10.

Insider Buying and Selling

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total transaction of $249,327.50. Following the sale, the chief executive officer now directly owns 121,462 shares in the company, valued at $20,885,390.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total value of $249,327.50. Following the transaction, the chief executive officer now directly owns 121,462 shares in the company, valued at $20,885,390.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scot Frazier Rogers sold 3,315 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $168.46, for a total transaction of $558,444.90. Following the completion of the transaction, the executive vice president now owns 19,493 shares in the company, valued at $3,283,790.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,766 shares of company stock worth $1,992,195. Company insiders own 0.58% of the company’s stock.

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.