Machina Capital S.A.S. grew its position in F5, Inc. (NASDAQ:FFIV – Free Report) by 58.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,216 shares of the network technology company’s stock after acquiring an additional 1,933 shares during the quarter. Machina Capital S.A.S.’s holdings in F5 were worth $2,322,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of FFIV. BlackRock Inc. purchased a new stake in F5 in the 2nd quarter valued at $2,611,637,000. William Blair Investment Management LLC acquired a new stake in F5 during the 2nd quarter worth $243,865,000. Hsbc Holdings PLC acquired a new stake in F5 during the 2nd quarter worth $208,277,000. Legal & General Group Plc acquired a new stake in F5 during the 2nd quarter worth $205,453,000. Finally, Deutsche Bank AG purchased a new position in F5 during the 2nd quarter worth $172,297,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
F5 Price Performance
Shares of NASDAQ FFIV opened at $320.01 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.73 and a quick ratio of 1.59. The stock has a fifty day moving average price of $416.83 and a 200 day moving average price of $364.89. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $483.30. The company has a market cap of $18.12 billion, a PE ratio of 25.54, a P/E/G ratio of 2.81 and a beta of 1.07.
F5 (NASDAQ:FFIV – Get Free Report) last posted its quarterly earnings data on Tuesday, October 27th. The network technology company reported $4.42 earnings per share for the quarter, beating analysts’ consensus estimates of $4.26 by $0.16. The firm had revenue of $917.43 million for the quarter, compared to analyst estimates of $884.03 million. F5 had a net margin of 21.14% and a return on equity of 21.00%. F5’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $4.39 EPS. Sell-side analysts forecast that F5, Inc. will post 14.19 EPS for the current year.
F5 announced that its board has approved a stock repurchase plan on Tuesday, October 27th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the network technology company to purchase shares of its stock through open market purchases. Share repurchase plans are usually a sign that the company’s management believes its shares are undervalued.
Analyst Ratings Changes
A number of research firms have commented on FFIV. Royal Bank Of Canada lifted their price objective on shares of F5 from $525.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday, October 28th. Zacks Research downgraded shares of F5 from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Barclays reissued a “mixed” rating on shares of F5 in a report on Wednesday, October 28th. Needham & Company LLC restated a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. Finally, Morgan Stanley upped their price objective on F5 from $415.00 to $448.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $443.00.
View Our Latest Stock Analysis on FFIV
Insider Buying and Selling
In other news, CFO Edward Werner sold 599 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $324.06, for a total transaction of $194,111.94. Following the transaction, the chief financial officer directly owned 2,851 shares in the company, valued at $923,895.06. The trade was a 17.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Angelique M. Okeke sold 1,007 shares of the business’s stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $324.06, for a total transaction of $326,328.42. Following the transaction, the executive vice president owned 2,862 shares in the company, valued at approximately $927,459.72. This trade represents a 26.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 30,261 shares of company stock worth $10,263,863. 0.48% of the stock is currently owned by insiders.
About F5
F5, Inc. provides application delivery and security solutions that help organizations manage, protect and optimize applications across data centers, public clouds and edge environments. Its offerings serve businesses, government agencies and service providers around the world. The company’s products and services include BIG-IP application delivery and security software, NGINX technologies for application development and delivery, and F5 Distributed Cloud Services. These offerings support functions such as traffic management, web and API protection, application security and multicloud connectivity.
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