Nordea Investment Management AB Has $18.20 Million Stake in F5, Inc. (NASDAQ:FFIV)

Nordea Investment Management AB lowered its holdings in F5, Inc. (NASDAQ:FFIV) by 5.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,058 shares of the network technology company’s stock after selling 4,010 shares during the quarter. Nordea Investment Management AB owned about 0.12% of F5 worth $18,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of FFIV. TD Asset Management Inc increased its position in shares of F5 by 5.2% during the second quarter. TD Asset Management Inc now owns 16,579 shares of the network technology company’s stock worth $2,855,000 after acquiring an additional 823 shares in the last quarter. National Bank of Canada FI increased its holdings in F5 by 23.6% during the 2nd quarter. National Bank of Canada FI now owns 16,144 shares of the network technology company’s stock worth $2,764,000 after purchasing an additional 3,080 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of F5 by 14.4% in the second quarter. Victory Capital Management Inc. now owns 91,042 shares of the network technology company’s stock worth $15,680,000 after purchasing an additional 11,436 shares during the last quarter. LSV Asset Management lifted its holdings in shares of F5 by 1,057.6% in the second quarter. LSV Asset Management now owns 90,290 shares of the network technology company’s stock valued at $15,551,000 after purchasing an additional 82,490 shares in the last quarter. Finally, Quest Partners LLC boosted its position in shares of F5 by 9,100.0% during the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after buying an additional 182 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Piper Sandler increased their target price on shares of F5 from $186.00 to $246.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. StockNews.com upgraded shares of F5 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 29th. The Goldman Sachs Group increased their price objective on shares of F5 from $212.00 to $241.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley boosted their target price on F5 from $230.00 to $262.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $239.33.

F5 Stock Up 0.6 %

Shares of FFIV stock opened at $258.84 on Thursday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $264.50. The company has a 50 day moving average of $249.90 and a 200-day moving average of $216.59. The firm has a market cap of $15.17 billion, a P/E ratio of 27.08, a PEG ratio of 3.54 and a beta of 1.06.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $0.22. The firm had revenue of $747.00 million for the quarter, compared to analyst estimates of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.76 earnings per share. As a group, equities analysts expect that F5, Inc. will post 11.01 EPS 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 buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the network technology company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at F5

In related news, CFO Francis J. Pelzer sold 600 shares of F5 stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly owns 29,825 shares in the company, valued at approximately $6,492,007.75. The trade was a 1.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Higginson sold 825 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total value of $197,810.25. Following the sale, the director now owns 9,882 shares in the company, valued at approximately $2,369,407.14. This represents a 7.71 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

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.