University of Texas Texas AM Investment Management Co. Purchases 6,913 Shares of F5, Inc. $FFIV

University of Texas Texas AM Investment Management Co. purchased a new stake in F5, Inc. (NASDAQ:FFIV) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 6,913 shares of the network technology company’s stock, valued at approximately $3,078,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Persistent Asset Partners Ltd acquired a new position in shares of F5 during the 2nd quarter worth about $36,000. Bell Investment Advisors Inc bought a new stake in shares of F5 in the 2nd quarter valued at about $49,000. Elevation Wealth Partners LLC lifted its stake in F5 by 373.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 123 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 97 shares during the last quarter. CoreCap Advisors LLC lifted its stake in F5 by 2,800.0% in the 2nd quarter. CoreCap Advisors LLC now owns 203 shares of the network technology company’s stock valued at $84,000 after purchasing an additional 196 shares during the last quarter. Finally, Caitlin John LLC acquired a new stake in F5 in the 2nd quarter valued at about $88,000. Institutional investors own 90.66% of the company’s stock.

F5 Price Performance

NASDAQ:FFIV opened at $310.84 on Monday. The company has a market cap of $17.60 billion, a P/E ratio of 24.81, a P/E/G ratio of 2.76 and a beta of 1.07. The firm’s fifty day moving average price is $421.67 and its two-hundred day moving average price is $364.03. F5, Inc. has a one year low of $223.76 and a one year high of $483.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.73 and a quick ratio of 1.59.

F5 (NASDAQ:FFIV) last posted its earnings results on Tuesday, October 27th. The network technology company reported $4.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.26 by $0.16. The company had revenue of $917.43 million during the quarter, compared to analysts’ expectations of $884.03 million. F5 had a net margin of 21.14% and a return on equity of 21.00%. F5’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $4.39 EPS. Equities analysts expect that F5, Inc. will post 14.19 earnings per share for the current year.

F5 announced that its board has authorized a share repurchase plan on Tuesday, October 27th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the network technology company to buy shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other F5 news, EVP Thomas Fountain sold 9,387 shares of the stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $329.74, for a total value of $3,095,269.38. Following the transaction, the executive vice president directly owned 8,060 shares of the company’s stock, valued at $2,657,704.40. This represents a 53.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Angelique Okeke sold 1,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $324.06, for a total transaction of $326,328.42. Following the sale, the executive vice president owned 2,862 shares of the company’s stock, valued at $927,459.72. This trade represents a 26.03% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,478 shares of company stock worth $9,077,136 in the last 90 days. Corporate insiders own 0.48% of the company’s stock.

Key Stories Impacting F5

Here are the key news stories impacting F5 this week:

• Positive Sentiment: F5’s board authorized a $1.5 billion share-repurchase program, which could support demand for shares. The company also recently beat quarterly earnings and revenue estimates, with revenue up 13.2% year over year.
• Neutral Sentiment: An article noted recent options-market activity in FFIV but did not specify whether trading was bullish or bearish, so its significance is unclear. Do Options Traders Know Something About F5 Stock We Don’t?
• Negative Sentiment: Seven F5 executives and insiders sold roughly $7.2 million in shares in transactions dated November 3–4, including the CFO, CTOs and EVPs. The sales could create near-term concern, though they were made under pre-arranged Rule 10b5-1 plans, which can reduce their significance as a signal about executives’ views of the company. Insider Selling: F5 CFO Sells Shares

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley lifted their price target on F5 from $415.00 to $448.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 28th. Evercore restated an “outperform” rating on shares of F5 in a research note on Wednesday, October 28th. Needham & Company LLC reaffirmed a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. JPMorgan Chase & Co. raised their price objective on F5 from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Tuesday, July 28th. Finally, Wall Street Zen upgraded F5 from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Four equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $443.00.

F5 Company Profile

F5, Inc provides application delivery and security solutions that help organizations manage, protect and optimize applications across data centers, public clouds and edge environments. Its offerings serve businesses, government agencies and service providers around the world.

The company’s products and services include BIG-IP application delivery and security software, NGINX technologies for application development and delivery, and F5 Distributed Cloud Services. These offerings support functions such as traffic management, web and API protection, application security and multicloud connectivity.

Founded in 1996 and headquartered in Seattle, F5 was previously known as F5 Networks before adopting the F5 name in 2021.