def METHOD_NAME(value):
    """
    Return whether a given value is a valid IP version 4 address.
    This validator is based on `WTForms IPAddress validator`_
    .. _WTForms IPAddress validator:
       https://github.com/wtforms/wtforms/blob/master/wtforms/validators.py
    Examples::
        >>> ipv4('123.0.0.7')
        True
        >>> ipv4('900.80.70.11')
        ValidationFailure(func=ipv4, args={'value': '900.80.70.11'})
    .. versionadded:: 0.2
    :param value: IP address string to validate
    """
    groups = value.split(".")
    if (
        len(groups) != 4
        or any(not x.isdigit() for x in groups)
        or any(len(x) > 3 for x in groups)
    ):
        return False
    return all(0 <= int(part) < 256 for part in groups)