Impact Partnership Wealth LLC Purchases 96 Shares of F5, Inc. (NASDAQ:FFIV)

Impact Partnership Wealth LLC raised its holdings in F5, Inc. (NASDAQ:FFIV) by 9.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,103 shares of the network technology company’s stock after buying an additional 96 shares during the quarter. Impact Partnership Wealth LLC’s holdings in F5 were worth $277,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Chase Investment Counsel Corp acquired a new position in F5 during the third quarter worth $4,726,000. JPMorgan Chase & Co. grew its stake in F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after buying an additional 81,005 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of F5 by 14.3% during the third quarter. New York State Common Retirement Fund now owns 70,536 shares of the network technology company’s stock worth $15,532,000 after buying an additional 8,800 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of F5 by 36.3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after acquiring an additional 571 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of F5 by 10.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 204,506 shares of the network technology company’s stock worth $45,032,000 after acquiring an additional 18,739 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. JPMorgan Chase & Co. lifted their price objective on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Piper Sandler boosted their target price on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Evercore ISI raised their price target on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Morgan Stanley increased their price objective on F5 from $230.00 to $262.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 17th. Finally, Barclays upped their price target on F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $251.25.

Insiders Place Their Bets

In other news, Director Alan Higginson sold 825 shares of F5 stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total transaction of $197,810.25. Following the transaction, the director now owns 9,882 shares in the company, valued at $2,369,407.14. The trade was a 7.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.58% of the company’s stock.

F5 Trading Up 0.0 %

Shares of FFIV opened at $272.99 on Friday. The stock has a market cap of $16.00 billion, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 3.68 and a beta of 1.06. The stock’s 50-day moving average price is $255.88 and its two-hundred day moving average price is $224.02. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $274.64.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, October 28th. The network technology company reported $3.67 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 in the prior year, the firm earned $2.76 earnings per share. The business’s quarterly revenue 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 declared that its Board of Directors has authorized a share buyback plan 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 plans are usually an indication that the company’s board believes its stock is undervalued.

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.