Oak Harvest Investment Services Increases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Oak Harvest Investment Services boosted its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 361.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,857 shares of the network technology company's stock after purchasing an additional 10,857 shares during the quarter. Oak Harvest Investment Services' holdings in F5 were worth $3,485,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of F5 by 3.6% during 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 buying an additional 191,020 shares during the last quarter. State Street Corp boosted its position in shares of F5 by 0.5% during the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company's stock valued at $701,825,000 after buying an additional 16,663 shares during the last quarter. Geode Capital Management LLC grew its holdings in F5 by 8.0% during the third 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 in the last quarter. JPMorgan Chase & Co. raised its position in F5 by 24.7% in the 3rd 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. Finally, Retirement Systems of Alabama grew its stake in shares of F5 by 7.7% in the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company's stock worth $83,101,000 after acquiring an additional 27,124 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Alan Higginson sold 825 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $239.77, for a total transaction of $197,810.25. Following the completion of the sale, the director now directly owns 9,882 shares in the company, valued at approximately $2,369,407.14. The trade was a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 728 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares in the company, valued at $538,876.50. This trade represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. 0.52% of the stock is owned by insiders.

F5 Trading Up 1.7 %

F5 stock traded up $4.92 on Tuesday, hitting $300.11. 481,409 shares of the stock traded hands, compared to its average volume of 657,587. The firm has a market cap of $17.41 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 3.97 and a beta of 1.06. The business's fifty day simple moving average is $261.18 and its 200 day simple moving average is $229.38. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $308.00.

F5 declared that its board has approved a share repurchase plan on Monday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the network technology company to purchase up to 7.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FFIV. Evercore ISI boosted their price target on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. StockNews.com raised F5 from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 29th. The Goldman Sachs Group upped their target price on F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Piper Sandler upped their target price on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Needham & Company LLC upped their target price on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $295.00.

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.