Hamilton Point Investment Advisors LLC Purchases 253 Shares of F5, Inc. (NASDAQ:FFIV)

Hamilton Point Investment Advisors LLC lifted its position in shares of F5, Inc. (NASDAQ:FFIV) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,694 shares of the network technology company’s stock after purchasing an additional 253 shares during the period. F5 makes up approximately 1.4% of Hamilton Point Investment Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Hamilton Point Investment Advisors LLC’s holdings in F5 were worth $7,970,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Public Sector Pension Investment Board grew its holdings in F5 by 65.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 2,219 shares of the network technology company’s stock valued at $382,000 after buying an additional 879 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in F5 by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 45,848 shares of the network technology company’s stock valued at $7,896,000 after acquiring an additional 621 shares in the last quarter. Creative Planning increased its holdings in F5 by 4.1% in the 2nd quarter. Creative Planning now owns 3,994 shares of the network technology company’s stock valued at $688,000 after acquiring an additional 156 shares during the last quarter. Brown Financial Advisors purchased a new stake in F5 in the 2nd quarter worth $66,000. Finally, Mattson Financial Services LLC bought a new position in shares of F5 during the 2nd quarter valued at about $305,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

FFIV has been the topic of several research reports. Needham & Company LLC lifted their target price on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday. Piper Sandler upped their price objective on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley increased their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday. The Goldman Sachs Group boosted their price target on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Barclays increased their price objective on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, F5 presently has an average rating of “Hold” and an average target price of $299.38.

Insider Buying and Selling

In other F5 news, Director Alan Higginson sold 825 shares of the company’s 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 transaction, the director now owns 9,882 shares of the company’s stock, valued at $2,369,407.14. This represents a 7.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.58% of the stock is currently owned by corporate insiders.

F5 Stock Up 0.3 %

Shares of FFIV opened at $301.48 on Friday. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $308.00. The company has a market cap of $17.49 billion, a PE ratio of 29.97, a P/E/G ratio of 4.06 and a beta of 1.06. The business has a fifty day moving average of $259.25 and a 200 day moving average of $227.07.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.22. The firm had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $730.43 million. F5 had a net margin of 20.58% and a return on equity of 21.34%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.76 EPS. As a group, research analysts anticipate that F5, Inc. will post 11.01 earnings per share for the current fiscal year.

F5 declared that its board has approved a share buyback program on Monday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to purchase up to 7.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.