F5, Inc. (NASDAQ:FFIV) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 30.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 266,443 shares of the network technology company's stock after purchasing an additional 61,937 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.45% of F5 worth $67,002,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FFIV. Pacer Advisors Inc. raised its holdings in shares of F5 by 177.4% in the fourth quarter. Pacer Advisors Inc. now owns 41,748 shares of the network technology company's stock valued at $10,498,000 after buying an additional 26,696 shares during the last quarter. Blue Trust Inc. grew its position in shares of F5 by 51.9% in the fourth quarter. Blue Trust Inc. now owns 937 shares of the network technology company's stock valued at $236,000 after purchasing an additional 320 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in F5 by 80.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 977 shares of the network technology company's stock worth $246,000 after buying an additional 435 shares in the last quarter. Impact Partnership Wealth LLC boosted its position in F5 by 9.5% during the fourth quarter. Impact Partnership Wealth LLC now owns 1,103 shares of the network technology company's stock worth $277,000 after acquiring an additional 96 shares during the last quarter. Finally, Oliver Luxxe Assets LLC purchased a new stake in F5 in the 4th quarter valued at about $312,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other F5 news, Director Alan Higginson sold 825 shares of the firm's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total value of $197,810.25. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.58% of the stock is currently owned by corporate insiders.

F5 Price Performance

NASDAQ:FFIV traded up $1.02 during trading hours on Thursday, hitting $301.48. The company's stock had a trading volume of 919,215 shares, compared to its average volume of 656,481. The stock has a fifty day simple moving average of $259.25 and a 200-day simple moving average of $227.07. The company has a market capitalization of $17.49 billion, a P/E ratio of 31.54, a PEG ratio of 3.68 and a beta of 1.06. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $308.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $0.22. F5 had a return on equity of 20.80% and a net margin of 20.13%. The business had revenue of $747.00 million for the quarter, compared to analyst estimates of $730.43 million. During the same quarter in the prior year, the company earned $2.76 earnings per share. The company's quarterly revenue was up 5.7% on a year-over-year basis. On average, equities analysts predict that F5, Inc. will post 11.01 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

FFIV has been the subject of several analyst reports. Royal Bank of Canada upped their target price on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research note on Wednesday. Evercore ISI upped their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a report on Friday, January 17th. JPMorgan Chase & Co. raised their price objective on shares of F5 from $225.00 to $250.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. StockNews.com upgraded shares of F5 from a "buy" rating to a "strong-buy" rating in a report on Tuesday, October 29th. Finally, Barclays increased their price target on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus target price of $299.38.

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.