Point72 Asia Singapore Pte. Ltd. Purchases New Shares in F5, Inc. (NASDAQ:FFIV)

Point72 Asia Singapore Pte. Ltd. acquired a new position in F5, Inc. (NASDAQ:FFIV - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,156 shares of the network technology company's stock, valued at approximately $475,000.

A number of other institutional investors have also recently bought and sold shares of the business. Pacer Advisors Inc. raised its position in F5 by 6,700.2% during the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company's stock valued at $146,118,000 after acquiring an additional 835,912 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of F5 in the 3rd quarter valued at $61,386,000. Los Angeles Capital Management LLC boosted its holdings in F5 by 1,681.1% in the third quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company's stock worth $62,898,000 after purchasing an additional 269,602 shares in the last quarter. AQR Capital Management LLC increased its position in F5 by 48.9% during the second quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company's stock worth $111,932,000 after buying an additional 214,351 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in F5 by 10.5% during the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company's stock valued at $294,392,000 after buying an additional 162,820 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FFIV has been the subject of several recent analyst reports. Morgan Stanley upped their price target on F5 from $215.00 to $230.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Royal Bank of Canada increased their price target on F5 from $205.00 to $240.00 and gave the company a "sector perform" rating in a report on Tuesday, October 29th. Piper Sandler boosted their price objective on shares of F5 from $186.00 to $246.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Barclays upped their price objective on shares of F5 from $214.00 to $246.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group lifted their price objective on F5 from $212.00 to $241.00 and gave the stock a "neutral" rating in a research note 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. According to data from MarketBeat, F5 has a consensus rating of "Hold" and a consensus price target of $233.56.

F5 Stock Performance

NASDAQ FFIV traded down $1.01 on Tuesday, reaching $251.13. The company had a trading volume of 385,494 shares, compared to its average volume of 532,420. The company's fifty day moving average is $230.67 and its 200-day moving average is $200.39. The firm has a market capitalization of $14.72 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 3.41 and a beta of 1.06. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $253.62.

F5 (NASDAQ:FFIV - Get Free Report) last announced 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 business had revenue of $747.00 million for the quarter, compared to analyst estimates of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. F5's revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.76 EPS. On average, research analysts forecast that F5, Inc. will post 11.01 earnings per share for the current year.

F5 announced that its board has initiated a share repurchase program on Monday, October 28th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the network technology company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Insider Buying and Selling at F5

In other news, Director Alan Higginson sold 825 shares of the company's 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 sale, the director now directly owns 9,882 shares of the company's stock, valued at approximately $2,369,407.14. This represents a 7.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 approximately $6,617,437.50. This trade represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,475 shares of company stock worth $977,039 over the last ninety days. 0.58% of the stock is currently owned by corporate 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.