Impact Partnership Wealth LLC Takes Position in F5, Inc. (NASDAQ:FFIV)

Impact Partnership Wealth LLC acquired a new stake in F5, Inc. (NASDAQ:FFIV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,007 shares of the network technology company’s stock, valued at approximately $222,000.

A number of other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new position in F5 during the 2nd quarter worth $25,000. New Covenant Trust Company N.A. acquired a new position in F5 during the 1st quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in F5 during the 3rd quarter worth $28,000. Quest Partners LLC grew its stake in F5 by 9,100.0% during the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after purchasing an additional 182 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in F5 during the 3rd quarter worth $32,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FFIV. Needham & Company LLC lifted their price target on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price target on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Piper Sandler boosted their target price on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Royal Bank of Canada boosted their target price on F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Finally, Barclays boosted their target price on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $204.56.

F5 Stock Down 0.9 %

FFIV opened at $213.57 on Friday. The business has a 50 day moving average price of $210.86 and a two-hundred day moving average price of $188.31. The company has a market cap of $12.52 billion, a PE ratio of 25.58, a P/E/G ratio of 2.61 and a beta of 1.06. F5, Inc. has a 52 week low of $146.00 and a 52 week high of $224.47.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.97 by $0.39. F5 had a return on equity of 21.03% and a net margin of 19.94%. The firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. During the same period in the prior year, the business earned $2.46 EPS. The firm’s revenue was down 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that F5, Inc. will post 10.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total transaction of $316,477.00. Following the transaction, the chief executive officer now owns 121,122 shares in the company, valued at approximately $26,436,087.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total transaction of $316,477.00. Following the transaction, the chief executive officer now owns 121,122 shares in the company, valued at approximately $26,436,087.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Scot Frazier Rogers sold 1,420 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total value of $283,659.20. Following the completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,971 shares of company stock worth $1,618,357. Company insiders own 0.58% of the company’s stock.

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.