Advisor Resource Council Purchases Shares of 4,631 F5, Inc. (NASDAQ:FFIV)

Advisor Resource Council purchased a new stake in shares of F5, Inc. (NASDAQ:FFIV) during the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,631 shares of the network technology company’s stock, valued at approximately $1,150,000.

Several other large investors have also added to or reduced their stakes in FFIV. Park Square Financial Group LLC purchased a new stake in F5 during the 4th quarter valued at about $31,000. Crowley Wealth Management Inc. purchased a new stake in shares of F5 in the fourth quarter worth about $35,000. Hurley Capital LLC purchased a new stake in shares of F5 in the fourth quarter worth about $43,000. EverSource Wealth Advisors LLC boosted its stake in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after buying an additional 49 shares during the last quarter. Finally, Smithfield Trust Co purchased a new stake in shares of F5 in the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling at F5

In related news, Director Elizabeth Buse sold 1,500 shares of the stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the sale, the director now owns 5,013 shares of the company’s stock, valued at approximately $1,471,465.89. This trade represents a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $264.54, for a total value of $343,902.00. Following the completion of the sale, the chief executive officer now directly owns 151,700 shares of the company’s stock, valued at approximately $40,130,718. This represents a 0.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,519 shares of company stock valued at $2,370,959 over the last quarter. 0.52% of the stock is currently owned by insiders.

F5 Trading Up 0.2%

NASDAQ FFIV opened at $287.13 on Friday. The stock has a market capitalization of $16.49 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.65 and a beta of 1.00. F5, Inc. has a twelve month low of $167.35 and a twelve month high of $313.00. The stock has a 50-day moving average of $277.78 and a 200 day moving average of $273.66.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating 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 business had revenue of $590.16 million during the quarter, compared to analysts’ expectations of $719.91 million. During the same quarter in the prior year, the firm earned $2.91 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. Equities analysts predict that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Morgan Stanley upped their target price on F5 from $269.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 29th. Piper Sandler upped their target price on F5 from $262.00 to $269.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 29th. Royal Bank Of Canada restated a “sector perform” rating and issued a $290.00 target price on shares of F5 in a research note on Tuesday, April 29th. Finally, Wall Street Zen cut F5 from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, F5 currently has a consensus rating of “Hold” and an average price target 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.