iA Global Asset Management Inc. Has $958,000 Stake in F5, Inc. (NASDAQ:FFIV)

iA Global Asset Management Inc. decreased its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 60.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,352 shares of the network technology company's stock after selling 6,550 shares during the quarter. iA Global Asset Management Inc.'s holdings in F5 were worth $958,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Family Firm Inc. bought a new stake in F5 during the second quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new stake in shares of F5 in the third quarter valued at approximately $28,000. Quest Partners LLC grew its stake in shares of F5 by 9,100.0% in the second quarter. Quest Partners LLC now owns 184 shares of the network technology company's stock worth $32,000 after acquiring an additional 182 shares during the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in F5 in the 3rd quarter valued at $32,000. Finally, Blue Trust Inc. increased its holdings in shares of F5 by 49.7% during the 2nd quarter. Blue Trust Inc. now owns 241 shares of the network technology company's stock worth $46,000 after purchasing an additional 80 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FFIV shares. StockNews.com raised F5 from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, October 29th. Morgan Stanley boosted their price objective on F5 from $215.00 to $230.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Barclays boosted their price target on shares of F5 from $214.00 to $246.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Piper Sandler lifted 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. Finally, Royal Bank of Canada increased their price target on shares of F5 from $205.00 to $240.00 and gave the stock a "sector perform" rating in a research report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, F5 currently has an average rating of "Hold" and a consensus target price of $233.56.

F5 Trading Down 0.9 %

NASDAQ FFIV traded down $2.32 during trading hours on Tuesday, reaching $255.60. 654,153 shares of the company's stock were exchanged, compared to its average volume of 532,371. The firm has a fifty day moving average of $234.14 and a 200-day moving average of $203.29. F5, Inc. has a one year low of $159.01 and a one year high of $260.01. The stock has a market cap of $14.98 billion, a PE ratio of 26.77, a price-to-earnings-growth ratio of 3.48 and a beta of 1.06.

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 for 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 revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.76 EPS. As a group, research analysts forecast that F5, Inc. will post 11.01 EPS for the current year.

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

Insider Activity

In other news, Director Alan Higginson sold 825 shares of F5 stock in a transaction dated Tuesday, November 19th. The shares were 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 owns 9,882 shares of the company's stock, valued at $2,369,407.14. This trade represents a 7.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Francis J. Pelzer sold 600 shares of the business's stock in a transaction that occurred 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. The trade was a 1.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,475 shares of company stock worth $775,389 in the last 90 days. Corporate insiders own 0.58% of the company's stock.

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.