F5, Inc. (NASDAQ:FFIV) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in F5, Inc. (NASDAQ:FFIV) by 36.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,144 shares of the network technology company’s stock after purchasing an additional 571 shares during the period. GAMMA Investing LLC’s holdings in F5 were worth $539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of F5 in the third quarter valued at approximately $28,000. Quest Partners LLC boosted its position in F5 by 9,100.0% in the 2nd 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 period. Kathleen S. Wright Associates Inc. acquired a new position in shares of F5 in the third quarter worth $32,000. Brown Financial Advisors purchased a new stake in shares of F5 during the second quarter worth $66,000. Finally, Venturi Wealth Management LLC raised its stake in shares of F5 by 79.8% in the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after acquiring an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Activity

In other F5 news, CFO Francis J. Pelzer sold 600 shares of F5 stock in a transaction 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 transaction, the chief financial officer now directly owns 29,825 shares in the company, valued at approximately $6,492,007.75. The trade was a 1.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan Higginson sold 825 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total transaction 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 disclosure for this sale can be found here. Corporate insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FFIV. Barclays boosted their target price on F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada boosted their price objective on F5 from $240.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday. The Goldman Sachs Group raised 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. Piper Sandler boosted their price target on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of F5 from $225.00 to $250.00 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 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 price target of $239.33.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $254.36 on Monday. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $264.50. The firm has a market capitalization of $14.91 billion, a P/E ratio of 26.61, a P/E/G ratio of 3.52 and a beta of 1.06. The company’s fifty day moving average price is $248.34 and its 200 day moving average price is $215.04.

F5 (NASDAQ:FFIV) last posted its earnings results 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 business had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. The business’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.76 earnings per share. On average, sell-side analysts anticipate that F5, Inc. will post 11.01 EPS for the current year.

F5 announced that its board has authorized 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 purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are 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.