Wingate Wealth Advisors Inc. Invests $99,000 in F5, Inc. (NASDAQ:FFIV)

Wingate Wealth Advisors Inc. bought a new position in shares of F5, Inc. (NASDAQ:FFIV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 394 shares of the network technology company’s stock, valued at approximately $99,000.

Several other institutional investors and hedge funds have also made changes to their positions in FFIV. Savant Capital LLC raised its holdings in shares of F5 by 11.8% in the fourth quarter. Savant Capital LLC now owns 1,119 shares of the network technology company’s stock valued at $281,000 after acquiring an additional 118 shares in the last quarter. Moloney Securities Asset Management LLC bought a new stake in shares of F5 in the fourth quarter valued at about $615,000. Apollon Wealth Management LLC bought a new stake in shares of F5 in the fourth quarter valued at about $360,000. Lecap Asset Management Ltd. bought a new stake in shares of F5 in the fourth quarter valued at about $1,683,000. Finally, Fairvoy Private Wealth LLC bought a new stake in shares of F5 in the fourth quarter valued at about $827,000. 90.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on FFIV shares. Royal Bank of Canada lifted their price objective on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Evercore ISI lifted their price objective on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. JPMorgan Chase & Co. lifted their target price on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Barclays lifted their target price on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Needham & Company LLC lifted their target price on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $295.00.

Insider Transactions at F5

In other news, Director Alan Higginson sold 825 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total transaction of $197,810.25. Following the sale, the director now owns 9,882 shares in the company, valued at approximately $2,369,407.14. The trade was a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Chad Michael Whalen sold 4,093 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the sale, the executive vice president now owns 27,264 shares in the company, valued at approximately $7,915,557.12. This represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,899 shares of company stock worth $1,682,977. Insiders own 0.52% of the company’s stock.

F5 Stock Performance

Shares of FFIV stock opened at $308.35 on Tuesday. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $310.78. The firm has a market capitalization of $17.89 billion, a price-to-earnings ratio of 30.65, a PEG ratio of 3.90 and a beta of 1.06. The stock’s 50-day simple moving average is $266.60 and its 200-day simple moving average is $234.01.

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

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.