Los Angeles Capital Management LLC Grows Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Los Angeles Capital Management LLC increased its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 1,681.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,639 shares of the network technology company's stock after purchasing an additional 269,602 shares during the period. Los Angeles Capital Management LLC owned approximately 0.49% of F5 worth $62,898,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. First Trust Direct Indexing L.P. increased its holdings in F5 by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company's stock worth $447,000 after purchasing an additional 58 shares in the last quarter. Simon Quick Advisors LLC raised its position in F5 by 4.9% in the 2nd quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company's stock valued at $233,000 after buying an additional 63 shares during the last quarter. Tocqueville Asset Management L.P. raised its position in F5 by 0.6% in the 1st quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company's stock valued at $2,186,000 after buying an additional 64 shares during the last quarter. Profund Advisors LLC lifted its stake in F5 by 6.3% during the 2nd quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company's stock valued at $204,000 after acquiring an additional 70 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in F5 by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company's stock worth $4,862,000 after acquiring an additional 73 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on FFIV shares. Needham & Company LLC increased their target price on shares of F5 from $220.00 to $235.00 and gave the company a "buy" rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their target price on shares of F5 from $225.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Royal Bank of Canada boosted their target price on F5 from $205.00 to $240.00 and gave the stock a "sector perform" rating in a research note on Tuesday, October 29th. Piper Sandler lifted their price target on F5 from $186.00 to $246.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Finally, StockNews.com upgraded F5 from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, F5 has an average rating of "Hold" and an average price target of $233.56.

Insider Buying and Selling

In other news, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction on Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the completion of the transaction, the director now directly owns 10,707 shares in the company, valued at approximately $2,159,066.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.73, for a total transaction of $98,365.00. Following the completion of the sale, the chief financial officer now owns 31,125 shares in the company, valued at approximately $6,123,221.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan Higginson sold 1,000 shares of the business's stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the transaction, the director now directly owns 10,707 shares of the company's stock, valued at $2,159,066.55. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,250 shares of company stock valued at $897,594. Company insiders own 0.58% of the company's stock.

F5 Trading Down 0.2 %

Shares of FFIV stock traded down $0.57 on Friday, hitting $241.31. 544,002 shares of the stock were exchanged, compared to its average volume of 737,437. The firm's 50 day moving average is $218.47 and its two-hundred day moving average is $192.10. F5, Inc. has a one year low of $155.48 and a one year high of $250.46. The firm has a market capitalization of $14.06 billion, a PE ratio of 25.24, a P/E/G ratio of 3.25 and a beta of 1.05.

F5 (NASDAQ:FFIV - Get Free Report) last issued its earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share for the quarter, topping analysts' consensus estimates of $3.45 by $0.22. The firm had revenue of $747.00 million during the quarter, compared to analyst estimates of $730.43 million. F5 had a net margin of 20.13% and a return on equity of 20.80%. The company's quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business earned $2.76 earnings per share. On average, sell-side analysts expect that F5, Inc. will post 10.99 earnings per share for the current year.

F5 declared that its board has approved a share buyback program on Monday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the network technology company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's board of directors 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.