Allworth Financial LP Has $94,000 Stake in F5, Inc. (NASDAQ:FFIV)

Allworth Financial LP lifted its position in shares of F5, Inc. (NASDAQ:FFIV) by 1,132.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 345 shares of the network technology company’s stock after purchasing an additional 317 shares during the period. Allworth Financial LP’s holdings in F5 were worth $94,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Friedenthal Financial acquired a new stake in shares of F5 in the fourth quarter valued at approximately $50,000. Venturi Wealth Management LLC raised its stake in F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after purchasing an additional 142 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in F5 during the third quarter worth about $84,000. Wingate Wealth Advisors Inc. bought a new position in F5 in the 4th quarter valued at about $99,000. Finally, Blue Trust Inc. raised its position in shares of F5 by 156.0% in the 3rd quarter. Blue Trust Inc. now owns 617 shares of the network technology company’s stock valued at $136,000 after buying an additional 376 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on FFIV shares. Morgan Stanley lifted their price objective on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group boosted their target price on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI raised their price target on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. increased their price objective on shares of F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $295.00.

F5 Price Performance

F5 stock opened at $293.21 on Tuesday. The business has a 50 day moving average of $276.22 and a 200-day moving average of $242.20. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The company has a market capitalization of $16.90 billion, a P/E ratio of 29.15, a P/E/G ratio of 3.85 and a beta of 1.06.

F5 declared that its Board of Directors has authorized a share repurchase program on Monday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the network technology company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company’s stock, valued at approximately $59,452. This represents a 55.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the transaction, the chief executive officer now owns 151,247 shares of the company’s stock, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,574 shares of company stock valued at $3,455,057 in the last ninety days. 0.52% of the stock is currently owned by insiders.

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.