Brown Financial Advisors Purchases Shares of 384 F5, Inc. (NASDAQ:FFIV)

Brown Financial Advisors acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 384 shares of the network technology company’s stock, valued at approximately $66,000.

Other hedge funds also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of F5 during the second quarter valued at approximately $25,000. New Covenant Trust Company N.A. purchased a new stake in shares of F5 during the first quarter valued at approximately $27,000. Quest Partners LLC raised its stake in shares of F5 by 9,100.0% during the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after purchasing an additional 182 shares during the period. Register Financial Advisors LLC purchased a new stake in shares of F5 during the first quarter valued at approximately $38,000. Finally, Blue Trust Inc. raised its stake in shares of F5 by 49.7% during the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock valued at $46,000 after purchasing an additional 80 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Barclays lifted their price target on shares of F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 30th. Needham & Company LLC lifted their price target on shares of F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Evercore ISI lifted their price target on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group lifted their price target on shares of F5 from $185.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $204.56.

Insider Activity

In other news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total transaction of $88,100.00. Following the completion of the transaction, the chief financial officer now owns 31,108 shares of the company’s stock, valued at $5,481,229.60. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $201.65, for a total transaction of $201,650.00. Following the completion of the transaction, the director now owns 10,707 shares of the company’s stock, valued at $2,159,066.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $176.20, for a total transaction of $88,100.00. Following the completion of the sale, the chief financial officer now directly owns 31,108 shares of the company’s stock, valued at approximately $5,481,229.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,421 shares of company stock valued at $1,259,378. 0.58% of the stock is currently owned by company insiders.

F5 Price Performance

FFIV stock opened at $219.64 on Thursday. F5, Inc. has a 1-year low of $145.45 and a 1-year high of $223.74. The firm has a fifty day moving average price of $201.62 and a two-hundred day moving average price of $185.08. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 26.30, a PEG ratio of 2.77 and a beta of 1.06.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.39. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. During the same quarter in the previous year, the company posted $2.46 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, analysts expect that F5, Inc. will post 10.18 EPS for the current fiscal year.

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.