Harbor Investment Advisory LLC Sells 250 Shares of F5, Inc. (NASDAQ:FFIV)

Posted by on Apr 5th, 2023

Harbor Investment Advisory LLC decreased its stake in F5, Inc. (NASDAQ:FFIV – Get Rating) by 46.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287 shares of the network technology company’s stock after selling 250 shares during the period. Harbor Investment Advisory LLC’s holdings in F5 were worth $41,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in FFIV. Assetmark Inc. bought a new position in shares of F5 during the third quarter valued at $30,000. Ronald Blue Trust Inc. acquired a new stake in shares of F5 during the fourth quarter worth $36,000. Wipfli Financial Advisors LLC acquired a new stake in shares of F5 during the third quarter worth $43,000. Alaska Permanent Fund Corp increased its position in shares of F5 by 434.8% during the third quarter. Alaska Permanent Fund Corp now owns 353 shares of the network technology company’s stock worth $51,000 after buying an additional 287 shares during the period. Finally, Janiczek Wealth Management LLC increased its position in shares of F5 by 108.2% during the third quarter. Janiczek Wealth Management LLC now owns 379 shares of the network technology company’s stock worth $54,000 after buying an additional 197 shares during the period. Institutional investors own 93.34% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada decreased their price objective on shares of F5 from $160.00 to $155.00 in a research report on Wednesday, January 25th. Needham & Company LLC reduced their price target on shares of F5 from $200.00 to $175.00 and set a “buy” rating for the company in a report on Wednesday, January 25th. JPMorgan Chase & Co. reduced their price target on shares of F5 from $190.00 to $170.00 and set a “neutral” rating for the company in a report on Tuesday, December 20th. The Goldman Sachs Group initiated coverage on shares of F5 in a report on Monday, March 6th. They issued a “neutral” rating for the company. Finally, Guggenheim initiated coverage on shares of F5 in a report on Monday, January 23rd. They issued a “neutral” rating for the company. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, F5 currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.21.

F5 Trading Up 0.9 %

Shares of FFIV stock opened at $146.04 on Wednesday. The stock has a market capitalization of $8.78 billion, a P/E ratio of 29.33, a PEG ratio of 1.89 and a beta of 1.09. The firm’s 50 day moving average is $144.31 and its 200 day moving average is $145.48. F5, Inc. has a 12 month low of $133.68 and a 12 month high of $215.28.

F5 (NASDAQ:FFIV – Get Rating) last announced its quarterly earnings results on Tuesday, January 24th. The network technology company reported $2.47 EPS for the quarter, beating analysts’ consensus estimates of $2.33 by $0.14. The company had revenue of $700.38 million for the quarter, compared to analysts’ expectations of $700.59 million. F5 had a net margin of 11.11% and a return on equity of 16.16%. F5’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.89 EPS. On average, equities analysts predict that F5, Inc. will post 8.04 EPS for the current year.

Insider Transactions at F5

In related news, CEO Francois Locoh-Donou sold 2,201 shares of the stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $145.51, for a total value of $320,267.51. Following the completion of the transaction, the chief executive officer now directly owns 110,823 shares in the company, valued at approximately $16,125,854.73. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other F5 news, CEO Francois Locoh-Donou sold 2,201 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $145.51, for a total transaction of $320,267.51. Following the completion of the sale, the chief executive officer now directly owns 110,823 shares in the company, valued at approximately $16,125,854.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Dean Fountain sold 1,156 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $151.49, for a total transaction of $175,122.44. Following the sale, the executive vice president now owns 10,981 shares of the company’s stock, valued at $1,663,511.69. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,939 shares of company stock valued at $1,188,888. Company insiders own 0.60% of the company’s stock.

F5 Profile

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F5, Inc engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996, and is headquartered in Seattle, WA.

See Also

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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