Fort L.P. Has $284,000 Position in F5, Inc. (NASDAQ:FFIV)

Fort L.P. lowered its position in F5, Inc. (NASDAQ:FFIV) by 4.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,292 shares of the network technology company’s stock after selling 56 shares during the quarter. Fort L.P.’s holdings in F5 were worth $284,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. lifted its stake in F5 by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock valued at $447,000 after acquiring an additional 58 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in shares of F5 by 4.9% during the 2nd quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock worth $233,000 after buying an additional 63 shares during the last quarter. Tocqueville Asset Management L.P. lifted its stake in shares of F5 by 0.6% during the 1st quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock worth $2,186,000 after buying an additional 64 shares during the last quarter. Profund Advisors LLC lifted its stake in shares of F5 by 6.3% during the 2nd quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company’s stock worth $204,000 after buying an additional 70 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of F5 by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock worth $4,862,000 after buying an additional 73 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Trading Down 0.7 %

FFIV stock traded down $1.68 during mid-day trading on Friday, hitting $232.20. The stock had a trading volume of 665,447 shares, compared to its average volume of 709,715. F5, Inc. has a 52 week low of $149.40 and a 52 week high of $250.46. The firm has a market capitalization of $13.53 billion, a P/E ratio of 24.29, a P/E/G ratio of 3.17 and a beta of 1.05. The firm has a fifty day simple moving average of $214.78 and a 200 day simple moving average of $189.96.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, beating 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 firm had revenue of $747.00 million for the quarter, compared to analyst estimates of $730.43 million. During the same period last year, the firm earned $2.76 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that F5, Inc. will post 10.99 earnings per share for the current fiscal year.

F5 announced that its board has approved a share buyback plan on Monday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to repurchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other F5 news, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 10,707 shares of the company’s stock, valued at $2,159,066.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CFO Francis J. Pelzer sold 600 shares of the company’s 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 sale, the chief financial officer now directly owns 29,825 shares of the company’s stock, valued at approximately $6,492,007.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 sale, the director now directly owns 10,707 shares in the company, valued at approximately $2,159,066.55. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,700 shares of company stock worth $1,170,702 in the last three months. 0.58% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

FFIV has been the subject of a number of research reports. The Goldman Sachs Group raised their target price on shares of F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Barclays raised their target price on shares of F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Morgan Stanley raised their price target on shares of F5 from $215.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. StockNews.com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Finally, Evercore ISI raised their price target on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $233.56.

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.