1,241 Shares in F5, Inc. (NASDAQ:FFIV) Bought by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC bought a new stake in F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,241 shares of the network technology company’s stock, valued at approximately $312,000.

Other hedge funds also recently added to or reduced their stakes in the company. Chase Investment Counsel Corp bought a new stake in F5 in the 3rd quarter valued at about $4,726,000. JPMorgan Chase & Co. raised its holdings in shares of F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after buying an additional 81,005 shares during the last quarter. Bank of Montreal Can boosted its position in shares of F5 by 3.9% during the second quarter. Bank of Montreal Can now owns 308,159 shares of the network technology company’s stock worth $53,247,000 after buying an additional 11,525 shares during the period. New York State Common Retirement Fund grew its holdings in F5 by 14.3% in the 3rd quarter. New York State Common Retirement Fund now owns 70,536 shares of the network technology company’s stock worth $15,532,000 after buying an additional 8,800 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in F5 by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after acquiring an additional 571 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Alan Higginson sold 825 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total transaction of $197,810.25. Following the transaction, the director now directly 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Piper Sandler raised their target price on shares of F5 from $186.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Royal Bank of Canada increased their price objective on shares of F5 from $240.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley increased their price target on F5 from $230.00 to $262.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 17th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $251.25.

F5 Trading Up 0.3 %

NASDAQ FFIV opened at $272.91 on Friday. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $273.09. The company has a market cap of $16.00 billion, a PE ratio of 28.55, a PEG ratio of 3.68 and a beta of 1.06. The stock’s 50-day moving average price is $255.19 and its two-hundred day moving average price is $223.32.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.22. F5 had a net margin of 20.13% and a return on equity of 20.80%. The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $730.43 million. During the same quarter in the previous year, the business earned $2.76 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. Research analysts forecast that F5, Inc. will post 11.01 EPS for the current fiscal year.

F5 announced that its board has approved a stock repurchase program on Monday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the network technology company to repurchase up to 7.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its stock is 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.