Farther Finance Advisors LLC Acquires 1,094 Shares of F5, Inc. (NASDAQ:FFIV)

Farther Finance Advisors LLC lifted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 84.1% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 2,395 shares of the network technology company’s stock after purchasing an additional 1,094 shares during the period. Farther Finance Advisors LLC’s holdings in F5 were worth $643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FFIV. Vanguard Group Inc. grew its holdings in F5 by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company’s stock worth $1,897,154,000 after acquiring an additional 64,261 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of F5 by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company’s stock valued at $402,536,000 after purchasing an additional 30,367 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of F5 by 3.1% in the fourth quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company’s stock valued at $316,814,000 after purchasing an additional 37,354 shares in the last quarter. Northern Trust Corp increased its holdings in shares of F5 by 38.0% in the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company’s stock valued at $229,597,000 after purchasing an additional 251,534 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in F5 by 34,698.9% in the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company’s stock worth $198,661,000 after purchasing an additional 743,945 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at F5

In other news, Director Michael L. Dreyer sold 1,800 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total value of $514,728.00. Following the completion of the transaction, the director now owns 4,376 shares in the company, valued at $1,251,360.96. This represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 sale, the director now directly owns 5,013 shares of the company’s stock, valued at $1,471,465.89. This represents a 23.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,519 shares of company stock valued at $2,370,959. Company insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on FFIV. JPMorgan Chase & Co. decreased their price objective on F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Piper Sandler raised their price target on F5 from $262.00 to $269.00 and gave the company a “neutral” rating in a report on Tuesday, April 29th. Needham & Company LLC reissued a “buy” rating and set a $320.00 price objective on shares of F5 in a report on Tuesday, April 29th. William Blair restated an “outperform” rating on shares of F5 in a research report on Tuesday, April 29th. Finally, Barclays lowered their price target on shares of F5 from $296.00 to $274.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $282.56.

F5 Price Performance

Shares of FFIV stock opened at $286.61 on Friday. The stock has a 50-day moving average of $274.73 and a 200-day moving average of $272.54. F5, Inc. has a one year low of $165.68 and a one year high of $313.00. The stock has a market cap of $16.46 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.31. F5 had a net margin of 20.58% and a return on equity of 20.98%. The company had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same period last year, the business posted $2.91 earnings per share. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, research analysts anticipate that F5, Inc. will post 11.2 earnings per share for the current year.

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.