Synergy Asset Management LLC Increases Stock Position in F5, Inc. (NASDAQ:FFIV)

Synergy Asset Management LLC raised its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,224 shares of the network technology company's stock after acquiring an additional 1,112 shares during the quarter. Synergy Asset Management LLC's holdings in F5 were worth $525,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in F5 during the 3rd quarter valued at approximately $28,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of F5 during the third quarter valued at approximately $32,000. Friedenthal Financial purchased a new position in shares of F5 during the fourth quarter valued at approximately $50,000. Brown Financial Advisors purchased a new position in shares of F5 during the second quarter valued at approximately $66,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of F5 by 79.8% during the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock valued at $70,000 after purchasing an additional 142 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of F5 from $225.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Morgan Stanley lifted their target price on shares of F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Barclays lifted their target price on shares of F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a report on Wednesday, January 29th. Bank of America boosted their price objective on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Friday. Finally, The Goldman Sachs Group boosted their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $295.00.

F5 Trading Down 0.7 %

NASDAQ:FFIV traded down $2.07 during trading hours on Monday, reaching $295.19. The company had a trading volume of 867,570 shares, compared to its average volume of 667,737. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $308.00. The firm has a market cap of $17.13 billion, a price-to-earnings ratio of 29.34, a PEG ratio of 3.97 and a beta of 1.06. The firm's 50 day moving average price is $260.25 and its 200-day moving average price is $228.54.

F5 declared that its Board of Directors has authorized a stock repurchase program on Monday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network technology company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other F5 news, Director Alan Higginson sold 825 shares of F5 stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $239.77, for a total value of $197,810.25. Following the completion of the sale, the director now owns 9,882 shares of the company's stock, valued at approximately $2,369,407.14. The trade was a 7.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now directly owns 1,770 shares of the company's stock, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is currently owned by insiders.

F5 Company 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.