Allworth Financial LP Has $94,000 Stock Position in F5, Inc. (NASDAQ:FFIV)

Allworth Financial LP raised its holdings in F5, Inc. (NASDAQ:FFIV) by 1,132.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 345 shares of the network technology company’s stock after buying an additional 317 shares during the quarter. Allworth Financial LP’s holdings in F5 were worth $94,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Friedenthal Financial bought a new stake in shares of F5 in the 4th quarter valued at $50,000. Venturi Wealth Management LLC grew its holdings in F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after purchasing an additional 142 shares during the period. Point72 Hong Kong Ltd bought a new stake in F5 in the third quarter valued at $84,000. Wingate Wealth Advisors Inc. acquired a new position in shares of F5 during the fourth quarter valued at about $99,000. Finally, Blue Trust Inc. raised its holdings in shares of F5 by 156.0% during the third quarter. Blue Trust Inc. now owns 617 shares of the network technology company’s stock valued at $136,000 after purchasing an additional 376 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Chad Michael Whalen sold 4,093 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the transaction, the executive vice president now directly owns 27,264 shares in the company, valued at $7,915,557.12. This trade represents a 13.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the sale, the insider now owns 200 shares of the company’s stock, valued at approximately $59,452. This trade represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,574 shares of company stock valued at $3,455,057. 0.52% of the stock is owned by insiders.

F5 Price Performance

FFIV stock opened at $293.21 on Tuesday. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The stock has a market capitalization of $16.90 billion, a P/E ratio of 29.15, a P/E/G ratio of 3.85 and a beta of 1.06. The business has a fifty day moving average price of $276.22 and a 200-day moving average price of $242.20.

F5 announced that its Board of Directors has initiated a stock repurchase plan on Monday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the network technology company to purchase up to 7.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FFIV. Royal Bank of Canada upped 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. Bank of America raised their target price on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. StockNews.com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Barclays increased their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Finally, Piper Sandler increased their target price on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $295.00.

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.