Hamilton Point Investment Advisors LLC Sells 387 Shares of F5, Inc. (NASDAQ:FFIV)

Hamilton Point Investment Advisors LLC reduced its position in F5, Inc. (NASDAQ:FFIV) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,441 shares of the network technology company’s stock after selling 387 shares during the quarter. F5 accounts for approximately 1.2% of Hamilton Point Investment Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Hamilton Point Investment Advisors LLC’s holdings in F5 were worth $6,923,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Empirical Finance LLC grew its stake in shares of F5 by 2.3% during the third quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company’s stock worth $451,000 after acquiring an additional 46 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of F5 by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock worth $447,000 after buying an additional 58 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in shares of F5 by 4.9% during the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock worth $233,000 after buying an additional 63 shares during the period. Profund Advisors LLC lifted its position in 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 during the period. Finally, Nisa Investment Advisors LLC grew its stake in F5 by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock valued at $4,862,000 after purchasing an additional 73 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

FFIV has been the subject of several recent research reports. Piper Sandler raised 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. Evercore ISI lifted their price target on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. 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 report on Tuesday, July 30th. The Goldman Sachs Group increased their price target on shares of F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Morgan Stanley increased their target price on shares of F5 from $215.00 to $230.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $233.56.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total transaction of $316,477.00. Following the sale, the chief executive officer now owns 121,122 shares in the company, valued at approximately $26,436,087.72. This represents a 1.18 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $201.65, for a total transaction of $201,650.00. Following the completion of the sale, the director now directly owns 10,707 shares of the company’s stock, valued at $2,159,066.55. The trade was a 8.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,575 shares of company stock valued at $997,039. 0.58% of the stock is owned by company insiders.

F5 Price Performance

Shares of F5 stock opened at $246.98 on Friday. The stock has a market capitalization of $14.48 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.30 and a beta of 1.05. The business has a 50-day moving average of $226.58 and a 200 day moving average of $196.71. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $250.46.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $730.43 million. During the same period in the prior year, the firm earned $2.76 earnings per share. The business’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that F5, Inc. will post 11.01 earnings per share for the current year.

F5 declared that its board has approved a stock buyback program on Monday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the network technology company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is 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.