Rowlandmiller & PARTNERS.ADV Decreases Position in F5, Inc. (NASDAQ:FFIV)

Rowlandmiller & PARTNERS.ADV trimmed its position in shares of F5, Inc. (NASDAQ:FFIV) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 890 shares of the network technology company’s stock after selling 60 shares during the quarter. Rowlandmiller & PARTNERS.ADV’s holdings in F5 were worth $237,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new stake in shares of F5 in the fourth quarter valued at $31,000. Crowley Wealth Management Inc. purchased a new stake in shares of F5 in the fourth quarter valued at $35,000. Hurley Capital LLC purchased a new stake in shares of F5 in the fourth quarter valued at $43,000. EverSource Wealth Advisors LLC increased its stake in F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after acquiring an additional 49 shares during the last quarter. Finally, Smithfield Trust Co acquired a new stake in F5 during the fourth quarter worth about $57,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at F5

In other news, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan Higginson sold 1,272 shares of the company’s stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total value of $364,669.68. Following the sale, the director now owns 9,919 shares of the company’s stock, valued at approximately $2,843,678.11. This trade represents a 11.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,891 shares of company stock worth $2,418,732 over the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

FFIV has been the subject of a number of recent research reports. Wall Street Zen lowered F5 from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. Royal Bank of Canada reissued a “sector perform” rating and issued a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley raised their price target on F5 from $269.00 to $280.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. cut their target price on F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of F5 in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $282.56.

F5 Stock Down 0.4%

Shares of NASDAQ FFIV opened at $293.66 on Wednesday. F5, Inc. has a 12 month low of $164.67 and a 12 month high of $313.00. The company has a market cap of $16.87 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 3.85 and a beta of 1.00. The business has a fifty day simple moving average of $271.79 and a 200-day simple moving average of $271.70.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.31. F5 had a return on equity of 20.98% and a net margin of 20.58%. The business had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. During the same quarter in the previous year, the company posted $2.91 earnings per share. F5’s revenue for the quarter was up 7.3% compared to the same quarter last year. As a group, sell-side analysts expect that F5, Inc. will post 11.2 EPS 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.