F5, Inc. (NASDAQ:FFIV) Stock Holdings Decreased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in F5, Inc. (NASDAQ:FFIV) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,859 shares of the network technology company’s stock after selling 152 shares during the period. Oppenheimer Asset Management Inc.’s holdings in F5 were worth $1,070,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Bessemer Group Inc. boosted its holdings in shares of F5 by 424.1% in the 1st quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company’s stock valued at $1,442,000 after buying an additional 6,153 shares during the period. Chase Investment Counsel Corp acquired a new position in shares of F5 in the 3rd quarter valued at about $4,726,000. Bank of Montreal Can boosted its holdings in shares of F5 by 3.9% in the 2nd quarter. Bank of Montreal Can now owns 308,159 shares of the network technology company’s stock valued at $53,247,000 after buying an additional 11,525 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of F5 by 195.1% in the 1st quarter. Janus Henderson Group PLC now owns 21,994 shares of the network technology company’s stock valued at $4,170,000 after buying an additional 14,541 shares during the period. Finally, Dai ichi Life Insurance Company Ltd grew its stake in F5 by 10.5% during the 2nd quarter. Dai ichi Life Insurance Company Ltd now owns 28,820 shares of the network technology company’s stock worth $4,964,000 after buying an additional 2,730 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on FFIV. Piper Sandler boosted their price target on shares of F5 from $186.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Morgan Stanley boosted their target price on shares of F5 from $215.00 to $230.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Evercore ISI boosted their price objective on F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. Finally, Barclays raised their target price on F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $233.56.

F5 Trading Up 0.7 %

NASDAQ:FFIV opened at $239.99 on Tuesday. The company has a 50-day moving average of $223.52 and a 200-day moving average of $194.99. The firm has a market cap of $13.99 billion, a price-to-earnings ratio of 25.10, a price-to-earnings-growth ratio of 3.22 and a beta of 1.05. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $250.46.

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. The business had revenue of $747.00 million during the quarter, compared to analyst estimates of $730.43 million. F5 had a net margin of 20.13% and a return on equity of 20.80%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.76 earnings per share. On average, research analysts forecast that F5, Inc. will post 11.01 earnings per share for the current year.

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

Insiders Place Their Bets

In related news, CFO Francis J. Pelzer sold 600 shares of the stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $217.50, for a total value of $130,500.00. Following the completion of the sale, the chief financial officer now directly owns 30,425 shares of the company’s stock, valued at approximately $6,617,437.50. This represents a 1.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the transaction, the director now directly owns 10,707 shares in the company, valued at approximately $2,159,066.55. This trade represents a 8.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 3,750 shares of company stock worth $799,229 over the last ninety days. 0.58% of the stock is currently owned by company insiders.

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.