Janus Henderson Group PLC Has $1.34 Million Position in F5, Inc. (NASDAQ:FFIV)

Janus Henderson Group PLC boosted its position in F5, Inc. (NASDAQ:FFIV) by 17.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,092 shares of the network technology company’s stock after purchasing an additional 900 shares during the period. Janus Henderson Group PLC’s holdings in F5 were worth $1,341,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of FFIV. Pacer Advisors Inc. raised its stake in F5 by 6,700.2% in the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after buying an additional 835,912 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of F5 during the 3rd quarter worth about $61,386,000. Los Angeles Capital Management LLC grew its stake in F5 by 1,681.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock valued at $62,898,000 after buying an additional 269,602 shares during the last quarter. AQR Capital Management LLC raised its holdings in F5 by 48.9% in the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after acquiring an additional 214,351 shares during the period. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in F5 by 3.6% during 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 acquiring an additional 191,020 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Insiders Place Their Bets

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the completion of the transaction, the chief executive officer now owns 121,122 shares in the company, valued at approximately $26,436,087.72. This trade represents a 1.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $217.50, for a total transaction of $130,500.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,475 shares of company stock valued at $775,389. 0.58% of the stock is currently owned by company insiders.

F5 Trading Up 0.1 %

NASDAQ:FFIV opened at $261.81 on Friday. The stock’s 50-day moving average is $237.40 and its 200-day moving average is $205.33. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $264.50. The stock has a market cap of $15.35 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06.

F5 (NASDAQ:FFIV) last released its quarterly 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. F5 had a net margin of 20.13% and a return on equity of 20.80%. The firm had revenue of $747.00 million during the quarter, compared to the consensus estimate of $730.43 million. During the same quarter last year, the firm earned $2.76 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, equities analysts forecast that F5, Inc. will post 11.01 EPS for the current year.

F5 announced that its Board of Directors has authorized a share buyback program on Monday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the network technology company to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently issued reports on FFIV. Piper Sandler boosted their price target on F5 from $186.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Morgan Stanley raised their target price on shares of F5 from $215.00 to $230.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on F5 from $225.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Barclays upped their price target on shares of F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 29th. Finally, The Goldman Sachs Group boosted their target price on F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, F5 presently has a consensus rating of “Hold” and an average target price of $233.56.

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.