State of Alaska Department of Revenue Has $1.49 Million Position in F5, Inc. (NASDAQ:FFIV)

State of Alaska Department of Revenue raised its stake in F5, Inc. (NASDAQ:FFIV) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,772 shares of the network technology company’s stock after buying an additional 390 shares during the quarter. State of Alaska Department of Revenue’s holdings in F5 were worth $1,491,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FFIV. Family Firm Inc. acquired a new position in shares of F5 in the second quarter worth $25,000. New Covenant Trust Company N.A. acquired a new position in F5 in the 1st quarter worth about $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of F5 during the 3rd quarter worth about $28,000. Quest Partners LLC lifted its holdings in shares of F5 by 9,100.0% during the 2nd 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. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of F5 in the 3rd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Stock Down 0.7 %

Shares of NASDAQ:FFIV opened at $232.20 on Friday. The company has a market cap of $13.53 billion, a price-to-earnings ratio of 24.29, a PEG ratio of 3.17 and a beta of 1.05. The business has a 50 day moving average price of $214.78 and a 200 day moving average price of $189.96. F5, Inc. has a twelve month low of $149.40 and a twelve month high of $250.46.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $730.43 million. During the same period in the prior year, the business earned $2.76 earnings per share. F5’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts anticipate that F5, Inc. will post 10.99 EPS for the current year.

F5 declared that its Board of Directors has approved a share repurchase 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 buy up to 7.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analyst Ratings Changes

FFIV has been the subject of a number of analyst reports. Needham & Company LLC lifted their target price on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Piper Sandler upped their price objective on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Barclays increased 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. Royal Bank of Canada boosted their price target on F5 from $205.00 to $240.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 29th. Finally, The Goldman Sachs Group increased their price objective on F5 from $212.00 to $241.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Seven research 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.com, the company has an average rating of “Hold” and a consensus price target of $233.56.

Insiders Place Their Bets

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $188.35, for a total value of $273,107.50. Following the completion of the sale, the chief executive officer now owns 124,022 shares in the company, valued at approximately $23,359,543.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $196.73, for a total value of $98,365.00. Following the completion of the transaction, the chief financial officer now owns 31,125 shares in the company, valued at approximately $6,123,221.25. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,450 shares of F5 stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $188.35, for a total transaction of $273,107.50. Following the sale, the chief executive officer now owns 124,022 shares in the company, valued at approximately $23,359,543.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,700 shares of company stock worth $1,170,702 in the last ninety days. 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.