F5, Inc. (NASDAQ:FFIV) Position Lessened by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec trimmed its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 62.2% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,506 shares of the network technology company's stock after selling 27,210 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in F5 were worth $3,635,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FFIV. Empirical Finance LLC lifted its position in shares of F5 by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company's stock worth $451,000 after buying an additional 46 shares during the last quarter. Captrust Financial Advisors lifted its holdings in F5 by 2.0% in the third quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company's stock worth $572,000 after acquiring an additional 50 shares during the last quarter. First Trust Direct Indexing L.P. boosted its stake in F5 by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company's stock valued at $447,000 after acquiring an additional 58 shares during the period. Simon Quick Advisors LLC boosted its stake in F5 by 4.9% in the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company's stock valued at $233,000 after acquiring an additional 63 shares during the period. Finally, Profund Advisors LLC grew its holdings in shares of F5 by 6.3% during the second quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company's stock valued at $204,000 after purchasing an additional 70 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Insider Transactions at F5

In other F5 news, Director Alan Higginson sold 1,000 shares of the business's stock in a transaction on Monday, September 9th. The shares were sold at an average price of $201.65, for a total transaction of $201,650.00. Following the sale, the director now directly owns 10,707 shares of the company's stock, valued at $2,159,066.55. The trade was a 8.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total value of $316,477.00. Following the completion of the sale, the chief executive officer now owns 121,122 shares of the company's stock, valued at $26,436,087.72. The trade was a 1.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 4,475 shares of company stock valued at $977,039 over the last three months. Company insiders own 0.58% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FFIV. JPMorgan Chase & Co. boosted their price objective on F5 from $225.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. StockNews.com raised F5 from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. 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 note on Tuesday, October 29th. Royal Bank of Canada lifted their price objective on shares of F5 from $205.00 to $240.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 29th. Finally, Piper Sandler increased their target price on shares of F5 from $186.00 to $246.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $233.56.

F5 Stock Performance

Shares of NASDAQ:FFIV traded down $1.01 during trading hours on Tuesday, hitting $251.13. 385,494 shares of the company's stock traded hands, compared to its average volume of 532,420. The company's fifty day simple moving average is $230.67 and its two-hundred day simple moving average is $200.39. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $253.62. The company has a market cap of $14.72 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 3.41 and a beta of 1.06.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $0.22. F5 had a net margin of 20.13% and a return on equity of 20.80%. The firm 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 posted $2.76 earnings per share. The firm's quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts anticipate 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.