Sequoia Financial Advisors LLC Has $3.03 Million Holdings in F5, Inc. (NASDAQ:FFIV)

Sequoia Financial Advisors LLC raised its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 2.1% during the third quarter, HoldingsChannel.com reports. The firm owned 13,738 shares of the network technology company’s stock after acquiring an additional 282 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in F5 were worth $3,025,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in F5 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock valued at $1,415,294,000 after purchasing an additional 29,154 shares during the period. American Century Companies Inc. increased its stake in shares of F5 by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after acquiring an additional 162,820 shares during the last quarter. Pacer Advisors Inc. increased its stake in shares of F5 by 6,700.2% in the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after acquiring an additional 835,912 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of F5 by 48.9% in the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after acquiring an additional 214,351 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of F5 by 14.2% in the 1st quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock valued at $118,607,000 after acquiring an additional 77,611 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 F5 news, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $201.65, for a total transaction of $201,650.00. Following the sale, the director now directly owns 10,707 shares of the company’s stock, valued at $2,159,066.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Scot Frazier Rogers sold 1,420 shares of the company’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total transaction of $283,659.20. Following the sale, the executive vice president now owns 18,073 shares in the company, valued at approximately $3,610,262.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Alan Higginson sold 1,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the sale, the director now owns 10,707 shares in the company, valued at $2,159,066.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,971 shares of company stock worth $1,618,357. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler upped their price target on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Barclays upped their price target on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada upped their price target on F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Evercore ISI upped their price target on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their target price on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, F5 currently has an average rating of “Hold” and a consensus target price of $204.56.

F5 Stock Performance

NASDAQ FFIV opened at $215.41 on Thursday. The business has a 50 day simple moving average of $210.02 and a 200 day simple moving average of $187.94. F5, Inc. has a 52-week low of $145.52 and a 52-week high of $224.47. The stock has a market cap of $12.63 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.61 and a beta of 1.06.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.39. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned $2.46 EPS. On average, analysts predict that F5, Inc. will post 10.18 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 distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.