Nisa Investment Advisors LLC Acquires 6,455 Shares of F5, Inc. (NASDAQ:FFIV)

Nisa Investment Advisors LLC boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 22.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,686 shares of the network technology company’s stock after buying an additional 6,455 shares during the quarter. Nisa Investment Advisors LLC owned about 0.06% of F5 worth $8,722,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of FFIV. Wedge Capital Management L L P NC acquired a new position in shares of F5 during the 3rd quarter valued at about $61,386,000. Los Angeles Capital Management LLC grew its holdings in F5 by 1,681.1% during the third quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock valued at $62,898,000 after purchasing an additional 269,602 shares during the last quarter. AQR Capital Management LLC raised its position in shares of F5 by 48.9% in the second quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after purchasing an additional 214,351 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of F5 by 3.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after buying an additional 191,020 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in shares of F5 during the 3rd quarter worth $35,090,000. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Performance

Shares of FFIV stock opened at $272.91 on Friday. The firm has a fifty day moving average of $255.19 and a 200-day moving average of $223.32. The stock has a market cap of $16.00 billion, a price-to-earnings ratio of 28.55, a P/E/G ratio of 3.62 and a beta of 1.06. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $273.09.

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

F5 declared 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 purchase up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research analysts recently commented on FFIV shares. Barclays boosted their target price on shares of F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. StockNews.com upgraded F5 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Evercore ISI lifted their price target on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. increased their price objective on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler boosted their target price on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, F5 currently has an average rating of “Hold” and a consensus price target of $251.25.

Insider Buying and Selling at F5

In other news, Director Alan Higginson sold 825 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were 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. The trade was a 7.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.58% of the company’s stock.

F5 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.