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F5, Inc. (NASDAQ:FFIV) Shares Purchased by Vinva Investment Management Ltd

F5 logo with Computer and Technology background

Vinva Investment Management Ltd boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 212.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,332 shares of the network technology company's stock after acquiring an additional 3,623 shares during the period. Vinva Investment Management Ltd's holdings in F5 were worth $1,168,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC acquired a new position in shares of F5 in the third quarter valued at approximately $28,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of F5 in the third quarter valued at approximately $32,000. Family Firm Inc. acquired a new position in shares of F5 in the second quarter valued at approximately $25,000. Quest Partners LLC raised its position 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 valued at $32,000 after buying an additional 182 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of F5 by 49.7% in the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company's stock valued at $46,000 after buying an additional 80 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on FFIV. Morgan Stanley boosted their price objective on shares of F5 from $215.00 to $230.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. boosted 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. The Goldman Sachs Group boosted their target price on shares of F5 from $212.00 to $241.00 and gave the company a "neutral" 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 report on Tuesday, October 29th. Finally, Barclays boosted their target price 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. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $233.56.

View Our Latest Stock Report on F5

F5 Trading Up 0.1 %

FFIV traded up $0.28 during trading on Friday, hitting $250.35. 294,717 shares of the company's stock were exchanged, compared to its average volume of 533,284. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $252.30. The stock has a 50 day moving average price of $230.04 and a 200 day moving average price of $199.47. The firm has a market cap of $14.68 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 3.38 and a beta of 1.05.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data 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 net margin of 20.13% and a return on equity of 20.80%. The company had revenue of $747.00 million during the quarter, compared to the consensus estimate of $730.43 million. During the same period in the previous year, the firm earned $2.76 earnings per share. F5's revenue for the quarter was up 5.7% on a year-over-year basis. Analysts forecast that F5, Inc. will post 11.01 earnings per share for the current fiscal year.

F5 announced that its board has initiated a stock repurchase plan 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Insider Activity

In other news, CFO Francis J. Pelzer sold 600 shares of the company's stock in a transaction on Friday, September 20th. The shares were sold at an average price of $217.50, for a total value of $130,500.00. Following the completion of the transaction, the chief financial officer now directly owns 30,425 shares in the company, valued at approximately $6,617,437.50. This represents a 1.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Higginson sold 1,000 shares of the company's stock in a transaction 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 transaction, the director now owns 10,707 shares of the company's stock, valued at $2,159,066.55. This trade represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,475 shares of company stock worth $977,039. 0.58% of the stock is currently owned by company insiders.

F5 Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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