Robeco Institutional Asset Management B.V. Purchases 18,739 Shares of F5, Inc. (NASDAQ:FFIV)

Robeco Institutional Asset Management B.V. boosted its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 10.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 204,506 shares of the network technology company's stock after acquiring an additional 18,739 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.35% of F5 worth $45,032,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its holdings in F5 by 4.6% in the 3rd quarter. Van ECK Associates Corp now owns 25,812 shares of the network technology company's stock valued at $5,560,000 after buying an additional 1,127 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in F5 by 116.5% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 85,657 shares of the network technology company's stock valued at $18,862,000 after buying an additional 46,086 shares during the period. New York State Common Retirement Fund lifted its position in F5 by 14.3% in the third quarter. New York State Common Retirement Fund now owns 70,536 shares of the network technology company's stock valued at $15,532,000 after buying an additional 8,800 shares during the last quarter. Oak Harvest Investment Services acquired a new stake in shares of F5 during the third quarter valued at about $661,000. Finally, First Trust Direct Indexing L.P. raised its stake in shares of F5 by 2.9% in the 3rd 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. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Piper Sandler increased their target price on F5 from $186.00 to $246.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Morgan Stanley increased their target price on shares of F5 from $215.00 to $230.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. StockNews.com upgraded shares of F5 from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Needham & Company LLC increased their price objective on F5 from $220.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, July 30th. Finally, The Goldman Sachs Group boosted their price objective on F5 from $212.00 to $241.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $233.56.

Insider Activity at F5

In related news, Director Alan Higginson sold 1,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 10,707 shares of the company's stock, valued at $2,159,066.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other F5 news, CFO Francis J. Pelzer sold 600 shares of the business's stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $217.67, for a total value of $130,602.00. Following the completion of the sale, the chief financial officer now directly owns 29,825 shares of the company's stock, valued at $6,492,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alan Higginson sold 1,000 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $201.65, for a total transaction of $201,650.00. Following the completion of the sale, the director now owns 10,707 shares of the company's stock, valued at $2,159,066.55. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,250 shares of company stock worth $897,594 over the last quarter. 0.58% of the stock is currently owned by company insiders.

F5 Trading Up 0.6 %

FFIV traded up $1.44 on Tuesday, hitting $232.64. 230,149 shares of the company's stock were exchanged, compared to its average volume of 535,268. The firm has a market cap of $13.56 billion, a PE ratio of 24.29, a P/E/G ratio of 3.14 and a beta of 1.05. F5, Inc. has a twelve month low of $152.97 and a twelve month high of $250.46. The stock has a fifty day moving average of $215.42 and a two-hundred day moving average of $190.43.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, beating 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%. F5's revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $2.76 EPS. On average, analysts predict that F5, Inc. will post 10.99 EPS for the current year.

F5 announced that its board has initiated a stock repurchase program on Monday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to purchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors 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.