Venturi Wealth Management LLC Has $70,000 Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Venturi Wealth Management LLC increased its holdings in F5, Inc. (NASDAQ:FFIV) by 79.8% in the 3rd quarter, Holdings Channel reports. The fund owned 320 shares of the network technology company’s stock after purchasing an additional 142 shares during the period. Venturi Wealth Management LLC’s holdings in F5 were worth $70,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of FFIV. First Trust Direct Indexing L.P. increased its holdings in shares of F5 by 2.9% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock valued at $447,000 after purchasing an additional 58 shares during the period. Simon Quick Advisors LLC grew its position in F5 by 4.9% during the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock valued at $233,000 after purchasing an additional 63 shares in the last quarter. Tocqueville Asset Management L.P. increased its stake in F5 by 0.6% in the 1st quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock valued at $2,186,000 after buying an additional 64 shares during the period. Profund Advisors LLC lifted its position in F5 by 6.3% in the 2nd quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company’s stock worth $204,000 after buying an additional 70 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of F5 by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock valued at $4,862,000 after acquiring an additional 73 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Down 1.9 %

Shares of NASDAQ FFIV opened at $242.05 on Friday. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $250.46. The company has a market cap of $14.11 billion, a P/E ratio of 25.32, a P/E/G ratio of 3.30 and a beta of 1.05. The business’s 50 day moving average is $221.93 and its two-hundred day moving average is $193.68.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, beating the consensus estimate of $3.45 by $0.22. The firm had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $730.43 million. F5 had a net margin of 20.13% and a return on equity of 20.80%. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the company earned $2.76 EPS. Sell-side analysts expect that F5, Inc. will post 10.99 earnings per share for the current fiscal year.

F5 declared that its Board of Directors has approved a share repurchase program on Monday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the network technology company to buy up to 7.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore ISI lifted their price objective on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price target on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Needham & Company LLC raised their price objective on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Barclays raised their price target on shares of F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $233.56.

Insider Activity at F5

In other F5 news, CFO Francis J. Pelzer sold 600 shares of the firm’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $217.67, for a total value of $130,602.00. Following the completion of the sale, the chief financial officer now owns 29,825 shares in the company, valued at approximately $6,492,007.75. This trade represents a 1.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the sale, the director now owns 10,707 shares in the company, valued at approximately $2,159,066.55. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,250 shares of company stock worth $897,594. Company insiders own 0.58% of the company’s stock.

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.