Janiczek Wealth Management LLC Purchases 93 Shares of F5, Inc. (NASDAQ:FFIV)

Janiczek Wealth Management LLC grew its position in F5, Inc. (NASDAQ:FFIV) by 56.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 258 shares of the network technology company’s stock after buying an additional 93 shares during the period. Janiczek Wealth Management LLC’s holdings in F5 were worth $46,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Optimum Investment Advisors boosted its holdings in shares of F5 by 5.5% in the 4th quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock valued at $206,000 after buying an additional 60 shares in the last quarter. Horizon Investments LLC boosted its stake in F5 by 6.0% in the 2nd quarter. Horizon Investments LLC now owns 1,210 shares of the network technology company’s stock worth $177,000 after purchasing an additional 68 shares in the last quarter. Kestra Advisory Services LLC boosted its stake in F5 by 2.3% in the 2nd quarter. Kestra Advisory Services LLC now owns 2,990 shares of the network technology company’s stock worth $437,000 after purchasing an additional 68 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund boosted its stake in F5 by 3.3% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,135 shares of the network technology company’s stock worth $309,000 after purchasing an additional 69 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in F5 by 1.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,842 shares of the network technology company’s stock worth $562,000 after purchasing an additional 70 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total value of $94,560.00. Following the completion of the sale, the chief financial officer now owns 31,790 shares of the company’s stock, valued at approximately $6,012,124.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the transaction, the chief financial officer now directly owns 31,790 shares in the company, valued at $6,012,124.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total transaction of $155,784.06. Following the transaction, the executive vice president now owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The disclosure for this sale can be found here. Insiders sold a total of 10,201 shares of company stock valued at $1,908,705 in the last three months. 0.58% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently commented on FFIV shares. JPMorgan Chase & Co. lifted their target price on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $204.00 target price on shares of F5 in a research note on Friday, February 9th. KeyCorp raised their price target on shares of F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Needham & Company LLC reissued a “buy” rating and set a $220.00 price target on shares of F5 in a research report on Tuesday, February 13th. Finally, Piper Sandler raised their price target on shares of F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $186.82.

F5 Price Performance

NASDAQ:FFIV opened at $187.99 on Friday. The firm has a market cap of $11.06 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11. The company has a 50 day moving average price of $188.27 and a 200-day moving average price of $174.80. F5, Inc. has a 1-year low of $127.05 and a 1-year high of $199.49.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.39. The firm had revenue of $693.00 million during the quarter, compared to analyst estimates of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.65 EPS. On average, sell-side analysts anticipate that F5, Inc. will post 9.58 earnings per share for the current fiscal 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 distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.