Hamilton Point Investment Advisors LLC Sells 387 Shares of F5, Inc. (NASDAQ:FFIV)

Hamilton Point Investment Advisors LLC decreased its stake in F5, Inc. (NASDAQ:FFIV) by 1.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,441 shares of the network technology company’s stock after selling 387 shares during the period. F5 accounts for about 1.2% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 29th biggest position. Hamilton Point Investment Advisors LLC owned about 0.05% of F5 worth $6,923,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in FFIV. American Century Companies Inc. lifted its holdings in F5 by 10.5% during the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after purchasing an additional 162,820 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in F5 by 6,700.2% in the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock worth $146,118,000 after buying an additional 835,912 shares during the period. AQR Capital Management LLC grew its stake in F5 by 48.9% in the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after buying an additional 214,351 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in F5 by 8.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 598,605 shares of the network technology company’s stock valued at $103,096,000 after acquiring an additional 48,742 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of F5 by 9.6% during the second quarter. Bank of New York Mellon Corp now owns 523,982 shares of the network technology company’s stock worth $90,245,000 after acquiring an additional 45,843 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

F5 Stock Up 1.1 %

Shares of F5 stock opened at $246.98 on Friday. The business has a 50 day moving average of $226.58 and a 200 day moving average of $196.71. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $250.46. The company has a market cap of $14.48 billion, a PE ratio of 25.83, a P/E/G ratio of 3.30 and a beta of 1.05.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.22. The company had revenue of $747.00 million during 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 firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.76 EPS. On average, research analysts anticipate that F5, Inc. will post 11.01 earnings per share for the current year.

F5 announced that its Board of Directors has initiated a share repurchase 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 repurchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FFIV shares. Piper Sandler increased their target price on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price objective on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Evercore ISI raised their price target on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Royal Bank of Canada boosted their price objective on F5 from $205.00 to $240.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 29th. Finally, Needham & Company LLC raised their target price on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $233.56.

Insider Activity

In other news, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the completion of the sale, the director now directly owns 10,707 shares in the company, valued at $2,159,066.55. The trade was a 8.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Francis J. Pelzer sold 600 shares of the firm’s stock in a transaction that occurred on 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 owns 30,425 shares in the company, valued at $6,617,437.50. This represents a 1.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,575 shares of company stock worth $997,039 over the last three months. 0.58% of the stock is currently owned by corporate insiders.

About F5

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.