WMS Partners LLC Has $312,000 Holdings in F5, Inc. (NASDAQ:FFIV)

WMS Partners LLC trimmed its stake in F5, Inc. (NASDAQ:FFIV) by 12.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,144 shares of the network technology company’s stock after selling 300 shares during the period. WMS Partners LLC’s holdings in F5 were worth $312,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of FFIV. Millennium Management LLC lifted its position in F5 by 582.2% in the 4th quarter. Millennium Management LLC now owns 643,449 shares of the network technology company’s stock valued at $92,341,000 after acquiring an additional 549,127 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of F5 by 15,626.7% during the 1st quarter. Pacer Advisors Inc. now owns 237,630 shares of the network technology company’s stock worth $34,620,000 after purchasing an additional 236,119 shares during the last quarter. First Trust Advisors LP grew its stake in F5 by 19.8% in the 1st quarter. First Trust Advisors LP now owns 1,075,970 shares of the network technology company’s stock valued at $224,824,000 after buying an additional 178,042 shares in the last quarter. Morgan Stanley grew its stake in F5 by 23.2% in the 4th quarter. Morgan Stanley now owns 659,367 shares of the network technology company’s stock valued at $94,626,000 after buying an additional 124,265 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in F5 by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 6,830,286 shares of the network technology company’s stock valued at $1,427,188,000 after purchasing an additional 96,873 shares during the period. 89.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Francois Locoh-Donou sold 2,201 shares of F5 stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $145.28, for a total value of $319,761.28. Following the transaction, the chief executive officer now directly owns 106,136 shares in the company, valued at approximately $15,419,438.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Ana Maria White sold 170 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $156.24, for a total value of $26,560.80. Following the sale, the executive vice president now directly owns 38,656 shares in the company, valued at approximately $6,039,613.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Francois Locoh-Donou sold 2,201 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $145.28, for a total transaction of $319,761.28. Following the completion of the sale, the chief executive officer now owns 106,136 shares in the company, valued at $15,419,438.08. The disclosure for this sale can be found here. Insiders have sold 6,830 shares of company stock valued at $1,051,117 in the last ninety days. 0.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on FFIV shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $165.00 price objective on shares of F5 in a report on Tuesday, July 25th. Bank of America boosted their price target on shares of F5 from $145.00 to $155.00 in a research report on Friday, June 9th. Barclays upped their price objective on shares of F5 from $140.00 to $162.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 25th. Piper Sandler upped their price objective on shares of F5 from $143.00 to $163.00 and gave the stock a “neutral” rating in a report on Tuesday, July 25th. Finally, StockNews.com started coverage on shares of F5 in a research note on Thursday, August 17th. They issued a “strong-buy” rating on the stock. Eight analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, F5 has an average rating of “Moderate Buy” and an average price target of $168.23.

F5 Stock Down 0.5 %

FFIV stock traded down $0.90 during mid-day trading on Wednesday, hitting $163.69. 43,360 shares of the company were exchanged, compared to its average volume of 552,837. The firm has a market capitalization of $9.71 billion, a P/E ratio of 29.87, a PEG ratio of 1.96 and a beta of 1.06. The business has a fifty day simple moving average of $154.06 and a 200-day simple moving average of $146.42. F5, Inc. has a 12-month low of $127.05 and a 12-month high of $167.89.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, July 24th. The network technology company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.86 by $0.35. The company had revenue of $702.64 million during the quarter, compared to the consensus estimate of $698.93 million. F5 had a net margin of 11.84% and a return on equity of 17.63%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.76 earnings per share. Research analysts predict that F5, Inc. will post 8.24 EPS for the current year.

About F5

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.