Pacific Capital Wealth Advisors Inc. Purchases Shares of 191 F5, Inc. (NASDAQ:FFIV)

Pacific Capital Wealth Advisors Inc. purchased a new stake in F5, Inc. (NASDAQ:FFIV) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 191 shares of the network technology company’s stock, valued at approximately $34,000.

Several other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of F5 by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 497,631 shares of the network technology company’s stock worth $89,066,000 after buying an additional 9,830 shares during the last quarter. Sapient Capital LLC acquired a new stake in shares of F5 during the 4th quarter worth $544,000. Amalgamated Bank increased its holdings in shares of F5 by 6.4% during the 4th quarter. Amalgamated Bank now owns 20,609 shares of the network technology company’s stock worth $3,689,000 after buying an additional 1,247 shares during the last quarter. Summit Global Investments acquired a new stake in shares of F5 during the 4th quarter worth $1,063,000. Finally, Natixis Advisors L.P. increased its holdings in shares of F5 by 2.8% during the 4th quarter. Natixis Advisors L.P. now owns 34,529 shares of the network technology company’s stock worth $6,180,000 after buying an additional 956 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Trading Down 0.2 %

NASDAQ:FFIV traded down $0.26 on Tuesday, reaching $168.32. The stock had a trading volume of 351,254 shares, compared to its average volume of 474,735. The company has a 50-day moving average of $185.87 and a 200 day moving average of $177.25. The stock has a market cap of $9.90 billion, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14. F5, Inc. has a 12-month low of $133.00 and a 12-month high of $199.49.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 EPS. On average, equities analysts predict that F5, Inc. will post 9.62 EPS for the current year.

Insider Buying and Selling at F5

In other news, EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the transaction, the executive vice president now owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the transaction, the executive vice president now owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total transaction of $91,155.00. Following the transaction, the chief financial officer now directly owns 32,290 shares in the company, valued at approximately $5,886,789.90. The disclosure for this sale can be found here. Insiders sold a total of 12,502 shares of company stock valued at $2,294,392 in the last ninety days. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Barclays dropped their price objective on F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a report on Tuesday, April 30th. JPMorgan Chase & Co. increased their price target on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Evercore ISI lowered their price target on F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a report on Tuesday, April 30th. Needham & Company LLC reiterated a “buy” rating and issued a $220.00 price target on shares of F5 in a report on Tuesday, April 30th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $167.00 price target (down from $187.00) on shares of F5 in a report on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, F5 currently has a consensus rating of “Hold” and an average price target of $185.10.

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.