Raymond James & Associates Acquires 708 Shares of F5, Inc. (NASDAQ:FFIV)

Raymond James & Associates lifted its holdings in F5, Inc. (NASDAQ:FFIV – Get Rating) by 1.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,573 shares of the network technology company’s stock after purchasing an additional 708 shares during the period. Raymond James & Associates’ holdings in F5 were worth $9,925,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in FFIV. J.W. Cole Advisors Inc. acquired a new stake in F5 during the first quarter worth about $26,000. Larson Financial Group LLC grew its position in F5 by 568.0% during the second quarter. Larson Financial Group LLC now owns 334 shares of the network technology company’s stock worth $51,000 after buying an additional 284 shares in the last quarter. Janiczek Wealth Management LLC grew its position in F5 by 108.2% during the third quarter. Janiczek Wealth Management LLC now owns 379 shares of the network technology company’s stock worth $54,000 after buying an additional 197 shares in the last quarter. CWM LLC grew its position in F5 by 25.6% during the second quarter. CWM LLC now owns 387 shares of the network technology company’s stock worth $59,000 after buying an additional 79 shares in the last quarter. Finally, NuWave Investment Management LLC grew its position in F5 by 101.5% during the second quarter. NuWave Investment Management LLC now owns 391 shares of the network technology company’s stock worth $60,000 after buying an additional 197 shares in the last quarter. 93.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on FFIV shares. Evercore ISI decreased their target price on F5 to $155.00 in a research report on Thursday, October 20th. Credit Suisse Group lifted their price objective on F5 from $169.00 to $173.00 and gave the company a “neutral” rating in a report on Wednesday, October 26th. Barclays decreased their price objective on F5 from $205.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Needham & Company LLC decreased their price objective on F5 from $303.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Finally, JPMorgan Chase & Co. decreased their price objective on F5 from $190.00 to $170.00 and set a “neutral” rating on the stock in a report on Tuesday, December 20th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $191.15.

Insider Buying and Selling

In related news, EVP Chad Michael Whalen sold 2,493 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The shares were sold at an average price of $141.16, for a total value of $351,911.88. Following the completion of the transaction, the executive vice president now owns 14,460 shares in the company, valued at approximately $2,041,173.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Francois Locoh-Donou sold 8,505 shares of the business’s stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $152.26, for a total value of $1,294,971.30. Following the completion of the transaction, the chief executive officer now owns 113,335 shares in the company, valued at approximately $17,256,387.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Chad Michael Whalen sold 2,493 shares of the business’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $141.16, for a total transaction of $351,911.88. Following the completion of the transaction, the executive vice president now owns 14,460 shares of the company’s stock, valued at approximately $2,041,173.60. The disclosure for this sale can be found here. Insiders sold 25,521 shares of company stock worth $3,747,006 in the last quarter. Insiders own 0.31% of the company’s stock.

F5 Price Performance

Shares of FFIV opened at $147.54 on Thursday. The company has a market capitalization of $8.91 billion, a P/E ratio of 27.89, a PEG ratio of 1.65 and a beta of 1.09. F5, Inc. has a one year low of $133.68 and a one year high of $245.59. The business’s 50 day simple moving average is $146.61 and its 200-day simple moving average is $151.96.

F5 (NASDAQ:FFIV – Get Rating) last announced its earnings results on Tuesday, October 25th. The network technology company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.70 by $0.12. F5 had a return on equity of 17.67% and a net margin of 11.95%. The business had revenue of $700.03 million for the quarter, compared to the consensus estimate of $692.17 million. On average, sell-side analysts anticipate that F5, Inc. will post 8.06 EPS for the current fiscal year.

F5 Company Profile

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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 multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.