Fairvoy Private Wealth LLC Takes Position in F5, Inc. (NASDAQ:FFIV)

Fairvoy Private Wealth LLC acquired a new stake in F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,289 shares of the network technology company’s stock, valued at approximately $827,000.

Several other hedge funds also recently bought and sold shares of the stock. Northwest Investment Counselors LLC purchased a new stake in shares of F5 during the 3rd quarter valued at about $28,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of F5 in the 3rd quarter worth approximately $32,000. Friedenthal Financial bought a new stake in F5 in the fourth quarter worth about $50,000. Venturi Wealth Management LLC boosted its stake in shares of F5 by 79.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after acquiring an additional 142 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of F5 in the 3rd quarter valued at approximately $84,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Evercore ISI upped their target price on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. The Goldman Sachs Group increased their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Piper Sandler upped their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Barclays upped their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada lifted their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $295.00.

F5 Price Performance

Shares of FFIV stock opened at $307.44 on Friday. The company has a market cap of $17.83 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 3.97 and a beta of 1.06. The firm has a fifty day moving average price of $264.35 and a 200-day moving average price of $231.30. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $308.32.

F5 declared that its Board of Directors has initiated a stock repurchase program on Monday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the network technology company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Insider Activity at F5

In related news, Director Alan Higginson sold 825 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total value of $197,810.25. Following the transaction, the director now directly owns 9,882 shares of the company’s stock, valued at $2,369,407.14. This represents a 7.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction 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 transaction, the insider now owns 200 shares of the company’s stock, valued at approximately $59,452. This represents a 55.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,899 shares of company stock valued at $1,682,977. Insiders own 0.52% of the company’s stock.

F5 Company 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.