Dynamic Technology Lab Private Ltd Invests $262,000 in F5, Inc. (NASDAQ:FFIV)

Dynamic Technology Lab Private Ltd bought a new stake in F5, Inc. (NASDAQ:FFIV) during the 3rd quarter, Holdings Channel reports. The firm bought 1,191 shares of the network technology company’s stock, valued at approximately $262,000.

A number of other institutional investors have also modified their holdings of FFIV. Family Firm Inc. purchased a new position in F5 in the 2nd quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in shares of F5 in the third quarter valued at about $28,000. Quest Partners LLC boosted its holdings in shares of F5 by 9,100.0% in the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after acquiring an additional 182 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of F5 during the third quarter worth about $32,000. Finally, Blue Trust Inc. raised its holdings in F5 by 49.7% during the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock worth $46,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Activity

In other F5 news, CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $217.50, for a total value of $130,500.00. Following the transaction, the chief financial officer now directly owns 30,425 shares in the company, valued at approximately $6,617,437.50. This represents a 1.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $201.65, for a total transaction of $201,650.00. Following the sale, the director now owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. This trade represents a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,475 shares of company stock worth $977,039 over the last three months. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FFIV has been the topic of a number of analyst reports. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Morgan Stanley upped their price objective on F5 from $215.00 to $230.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. The Goldman Sachs Group raised their target price on F5 from $212.00 to $241.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Piper Sandler upped their price target 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. Finally, Barclays increased their price target on shares of F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, F5 currently has an average rating of “Hold” and an average price target of $233.56.

F5 Trading Up 0.1 %

NASDAQ:FFIV opened at $250.35 on Monday. The company has a market capitalization of $14.68 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 3.38 and a beta of 1.05. The firm has a 50-day moving average price of $230.04 and a two-hundred day moving average price of $199.66. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $252.30.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.45 by $0.22. The firm had revenue of $747.00 million during the quarter, compared to the consensus estimate of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.76 EPS. On average, equities research analysts predict that F5, Inc. will post 11.01 earnings per share for the current year.

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