Quantinno Capital Management LP Has $6.96 Million Position in F5, Inc. (NASDAQ:FFIV)

Quantinno Capital Management LP lifted its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 125.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,618 shares of the network technology company's stock after purchasing an additional 17,611 shares during the quarter. Quantinno Capital Management LP owned about 0.05% of F5 worth $6,962,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of FFIV. Empirical Finance LLC grew its holdings in F5 by 2.3% during the third quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company's stock worth $451,000 after acquiring an additional 46 shares during the period. Captrust Financial Advisors grew its holdings in F5 by 2.0% during the third quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company's stock worth $572,000 after acquiring an additional 50 shares during the period. First Trust Direct Indexing L.P. grew its holdings in F5 by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company's stock worth $447,000 after acquiring an additional 58 shares during the period. Simon Quick Advisors LLC grew its holdings in F5 by 4.9% during the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company's stock worth $233,000 after acquiring an additional 63 shares during the period. Finally, Profund Advisors LLC grew its holdings in F5 by 6.3% during the second quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company's stock worth $204,000 after acquiring an additional 70 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CFO Francis J. Pelzer sold 600 shares of F5 stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $217.50, for a total transaction of $130,500.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the sale, the director now owns 10,707 shares of the company's stock, valued at approximately $2,159,066.55. This represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,475 shares of company stock worth $977,039 in the last three months. 0.58% of the stock is owned by insiders.

F5 Trading Up 0.0 %

NASDAQ FFIV traded up $0.09 during trading on Friday, reaching $257.14. 649,317 shares of the company's stock were exchanged, compared to its average volume of 454,583. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $259.75. The firm has a market capitalization of $15.07 billion, a PE ratio of 26.90, a P/E/G ratio of 3.44 and a beta of 1.06. The company's fifty day simple moving average is $233.39 and its 200-day simple moving average is $202.27.

F5 (NASDAQ:FFIV - Get Free Report) last announced 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 analyst estimates of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. The business's quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the company posted $2.76 EPS. Equities analysts forecast that F5, Inc. will post 11.01 EPS for the current fiscal year.

F5 announced that its board has authorized a stock buyback program on Monday, October 28th that authorizes the company to repurchase $1.00 billion in 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 often an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FFIV has been the topic of a number of research analyst reports. The Goldman Sachs Group lifted their target price on F5 from $212.00 to $241.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Piper Sandler lifted their price target on F5 from $186.00 to $246.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. StockNews.com raised F5 from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Barclays lifted their price target on F5 from $214.00 to $246.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price target on F5 from $225.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Seven investment 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 company's stock. According to MarketBeat, F5 presently has an average rating of "Hold" and an average target price of $233.56.

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.