Synergy Asset Management LLC Has $276,000 Position in F5, Inc. (NASDAQ:FFIV)

Synergy Asset Management LLC grew its position in F5, Inc. (NASDAQ:FFIV) by 50.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,602 shares of the network technology company’s stock after purchasing an additional 534 shares during the period. Synergy Asset Management LLC’s holdings in F5 were worth $276,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC bought a new stake in F5 during the fourth quarter worth about $25,000. Family Firm Inc. acquired a new position in shares of F5 in the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. bought a new stake in F5 during the 1st quarter worth approximately $27,000. Register Financial Advisors LLC acquired a new stake in F5 during the 1st quarter valued at $38,000. Finally, Blue Trust Inc. boosted its stake in F5 by 49.7% in the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock worth $46,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Stock Performance

FFIV traded up $1.77 during trading on Friday, reaching $202.57. 16,469 shares of the company’s stock were exchanged, compared to its average volume of 494,953. The company’s fifty day moving average price is $186.62 and its 200-day moving average price is $181.78. The firm has a market capitalization of $11.87 billion, a PE ratio of 24.05, a P/E/G ratio of 2.55 and a beta of 1.06. F5, Inc. has a fifty-two week low of $145.45 and a fifty-two week high of $205.92.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 EPS for the quarter, topping analysts’ consensus estimates of $2.97 by $0.39. F5 had a return on equity of 21.03% and a net margin of 19.94%. The business had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. During the same period in the previous year, the firm earned $2.46 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. Research analysts forecast that F5, Inc. will post 10.18 earnings per share for the current fiscal year.

Insider Transactions at F5

In other F5 news, EVP Scot Frazier Rogers sold 1,420 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $199.76, for a total value of $283,659.20. Following the sale, the executive vice president now directly owns 18,073 shares in the company, valued at $3,610,262.48. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $170.00, for a total value of $85,000.00. Following the completion of the transaction, the chief financial officer now directly owns 31,608 shares in the company, valued at approximately $5,373,360. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scot Frazier Rogers sold 1,420 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total value of $283,659.20. Following the sale, the executive vice president now directly owns 18,073 shares of the company’s stock, valued at $3,610,262.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,771 shares of company stock worth $1,261,555. 0.58% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FFIV shares. Royal Bank of Canada lifted their price target on F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. Piper Sandler boosted their target price on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Needham & Company LLC increased their price target on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Barclays boosted their price objective on shares of F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. increased their price objective on F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $200.89.

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.