920 Shares in F5, Inc. (NASDAQ:FFIV) Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. purchased a new stake in F5, Inc. (NASDAQ:FFIV) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 920 shares of the network technology company’s stock, valued at approximately $203,000.

A number of other hedge funds also recently made changes to their positions in the business. Hotchkis & Wiley Capital Management LLC increased its stake in F5 by 3.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock valued at $1,208,763,000 after acquiring an additional 191,020 shares during the period. State Street Corp grew its stake in shares of F5 by 0.5% in the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock valued at $701,825,000 after purchasing an additional 16,663 shares during the period. American Century Companies Inc. raised its holdings in shares of F5 by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock worth $294,392,000 after buying an additional 162,820 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of F5 by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock worth $345,560,000 after buying an additional 117,080 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in F5 by 6,700.2% in the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after buying an additional 835,912 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Performance

Shares of FFIV opened at $259.80 on Wednesday. The business’s fifty day moving average price is $239.11 and its two-hundred day moving average price is $207.16. The firm has a market capitalization of $15.23 billion, a price-to-earnings ratio of 27.18, a PEG ratio of 3.52 and a beta of 1.06. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $264.50.

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

F5 declared that its board has initiated a stock buyback 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 purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on FFIV shares. Barclays lifted their price objective on F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Morgan Stanley boosted their price target on shares of F5 from $230.00 to $262.00 and gave the company an “equal weight” rating in a research report on Tuesday. Piper Sandler upped their price objective on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. 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 research note on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their price target on F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, F5 currently has an average rating of “Hold” and a consensus target price of $237.11.

Insider Transactions at F5

In other news, CFO Francis J. Pelzer sold 600 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $217.50, for a total value of $130,500.00. Following the transaction, the chief financial officer now directly owns 30,425 shares in the company, valued at $6,617,437.50. This trade represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alan Higginson sold 825 shares of F5 stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total value of $197,810.25. Following the sale, the director now directly owns 9,882 shares of the company’s stock, valued at approximately $2,369,407.14. This trade represents a 7.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,475 shares of company stock worth $775,389 in the last quarter. 0.58% of the stock is owned by company 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.