1,241 Shares in F5, Inc. (NASDAQ:FFIV) Bought by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC bought a new stake in F5, Inc. (NASDAQ:FFIV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,241 shares of the network technology company’s stock, valued at approximately $312,000.

Several other hedge funds also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of F5 by 59.5% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 4,258 shares of the network technology company’s stock valued at $733,000 after purchasing an additional 1,589 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of F5 by 232.6% in the second quarter. Thrivent Financial for Lutherans now owns 41,805 shares of the network technology company’s stock worth $7,200,000 after buying an additional 29,236 shares during the last quarter. Profund Advisors LLC boosted its stake in shares of F5 by 6.3% during the 2nd quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company’s stock worth $204,000 after acquiring an additional 70 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of F5 by 2.8% during the 2nd quarter. ProShare Advisors LLC now owns 17,567 shares of the network technology company’s stock valued at $3,026,000 after acquiring an additional 484 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of F5 during the 2nd quarter valued at about $213,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Alan Higginson sold 825 shares of the 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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.58% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. upped their price objective on shares of F5 from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Piper Sandler lifted their target price on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Morgan Stanley upped their price target on shares of F5 from $230.00 to $262.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Finally, Royal Bank of Canada boosted their price objective on F5 from $240.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $251.25.

F5 Stock Performance

NASDAQ FFIV opened at $272.91 on Friday. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $273.09. The stock has a market cap of $16.00 billion, a PE ratio of 28.55, a PEG ratio of 3.68 and a beta of 1.06. The firm has a 50-day simple moving average of $255.19 and a 200 day simple moving average of $223.32.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data 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 company 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% on a year-over-year basis. During the same quarter last year, the company earned $2.76 EPS. Research analysts forecast that F5, Inc. will post 11.01 earnings per share for the current fiscal year.

F5 announced that its board has authorized a share repurchase 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 purchase up to 7.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are 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.