F5, Inc. (NASDAQ:FFIV) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 361.0% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 35,178 shares of the network technology company's stock after acquiring an additional 27,547 shares during the period. Intech Investment Management LLC owned approximately 0.06% of F5 worth $7,746,000 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. O Shaughnessy Asset Management LLC acquired a new position in F5 during the 1st quarter worth approximately $274,000. Bessemer Group Inc. lifted its position in F5 by 424.1% during the 1st quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company's stock worth $1,442,000 after acquiring an additional 6,153 shares in the last quarter. Natixis lifted its position in F5 by 5.8% during the 1st quarter. Natixis now owns 6,852 shares of the network technology company's stock worth $1,299,000 after acquiring an additional 377 shares in the last quarter. 1832 Asset Management L.P. acquired a new position in shares of F5 in the 1st quarter valued at approximately $1,415,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of F5 by 1.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 80,292 shares of the network technology company's stock valued at $15,224,000 after purchasing an additional 811 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Trading Up 1.1 %

FFIV traded up $2.69 during trading on Friday, reaching $246.98. 346,233 shares of the company were exchanged, compared to its average volume of 532,181. The stock has a market cap of $14.48 billion, a P/E ratio of 25.83, a PEG ratio of 3.24 and a beta of 1.05. The firm has a 50 day moving average of $226.58 and a 200 day moving average of $196.71. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $250.46.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 EPS 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 the consensus estimate of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. The firm's revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.76 EPS. As a group, analysts forecast that F5, Inc. will post 11.01 earnings per share for the current fiscal year.

F5 announced that its Board of Directors has authorized a stock buyback plan on Monday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network technology company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

FFIV has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on F5 from $215.00 to $230.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Piper Sandler upped their target price on F5 from $186.00 to $246.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Royal Bank of Canada upped their target price on F5 from $205.00 to $240.00 and gave the company a "sector perform" rating in a research report on Tuesday, October 29th. Needham & Company LLC upped their target price on F5 from $220.00 to $235.00 and gave the company a "buy" rating in a research report on Tuesday, July 30th. Finally, Barclays upped their price target on F5 from $214.00 to $246.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Seven equities research 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 company. Based on data from MarketBeat, F5 has a consensus rating of "Hold" and a consensus target price of $233.56.

Insider Buying and Selling

In other news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total value of $316,477.00. Following the completion of the transaction, the chief executive officer now owns 121,122 shares of the company's stock, valued at approximately $26,436,087.72. This represents a 1.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Alan Higginson sold 825 shares of the 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 completion of 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 position. The disclosure for this sale can be found here. Insiders sold a total of 4,575 shares of company stock worth $997,039 in the last three months. 0.58% of the stock is owned by insiders.

F5 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.