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

Hamilton Point Investment Advisors LLC boosted its position in F5, Inc. (NASDAQ:FFIV) by 0.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,694 shares of the network technology company’s stock after purchasing an additional 253 shares during the quarter. F5 makes up 1.4% of Hamilton Point Investment Advisors LLC’s portfolio, making the stock its 22nd biggest position. Hamilton Point Investment Advisors LLC owned approximately 0.05% of F5 worth $7,970,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Oak Harvest Investment Services lifted its holdings in shares of F5 by 361.9% during the fourth quarter. Oak Harvest Investment Services now owns 13,857 shares of the network technology company’s stock valued at $3,485,000 after purchasing an additional 10,857 shares during the last quarter. Synergy Asset Management LLC raised its stake in F5 by 100.0% during the fourth quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock valued at $525,000 after buying an additional 1,112 shares during the last quarter. Forsta AP Fonden bought a new stake in F5 in the fourth quarter worth $7,921,000. Robeco Institutional Asset Management B.V. grew its stake in shares of F5 by 30.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 266,443 shares of the network technology company’s stock worth $67,002,000 after acquiring an additional 61,937 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in F5 by 177.4% in the 4th quarter. Pacer Advisors Inc. now owns 41,748 shares of the network technology company’s stock worth $10,498,000 after purchasing an additional 26,696 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling

In related news, Director Alan Higginson sold 825 shares of the firm’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 directly owns 9,882 shares of the company’s stock, valued at approximately $2,369,407.14. This trade represents a 7.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.58% of the stock is currently owned by insiders.

F5 Price Performance

Shares of FFIV opened at $301.48 on Friday. The firm has a market capitalization of $17.49 billion, a P/E ratio of 29.97, a PEG ratio of 4.06 and a beta of 1.06. F5, Inc. has a one year low of $159.01 and a one year high of $308.00. 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.22. F5 had a return on equity of 21.34% and a net margin of 20.58%. The business had revenue of $747.00 million during the quarter, compared to the consensus estimate of $730.43 million. During the same period in the previous year, the company posted $2.76 EPS. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Analysts expect that F5, Inc. will post 11.01 EPS for the current fiscal year.

F5 declared that its board has approved a stock repurchase 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 buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

FFIV has been the subject of several recent analyst reports. Royal Bank of Canada lifted their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group increased their target price on F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday. Piper Sandler boosted their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Morgan Stanley increased their price objective on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday. Seven equities research 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $299.38.

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.