Addenda Capital Inc. Has $12.65 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Addenda Capital Inc. raised its position in F5, Inc. (NASDAQ:FFIV) by 43.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 50,314 shares of the network technology company’s stock after acquiring an additional 15,240 shares during the period. Addenda Capital Inc.’s holdings in F5 were worth $12,652,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its position in shares of F5 by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 598,605 shares of the network technology company’s stock valued at $103,096,000 after purchasing an additional 48,742 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in F5 by 59.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 4,258 shares of the network technology company’s stock worth $733,000 after buying an additional 1,589 shares in the last quarter. XTX Topco Ltd bought a new stake in F5 in the 2nd quarter valued at $547,000. Inspire Investing LLC raised its stake in shares of F5 by 7.5% in the 2nd quarter. Inspire Investing LLC now owns 2,027 shares of the network technology company’s stock valued at $349,000 after buying an additional 142 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in shares of F5 by 4.2% during the 2nd quarter. Sei Investments Co. now owns 135,448 shares of the network technology company’s stock worth $23,328,000 after acquiring an additional 5,422 shares during the period. Institutional investors own 90.66% of the company’s stock.

F5 Stock Up 0.0 %

Shares of NASDAQ:FFIV opened at $263.95 on Tuesday. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $267.74. The firm has a market cap of $15.47 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.44 and a beta of 1.06. The company’s 50-day moving average price is $253.59 and its two-hundred day moving average price is $221.95.

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, topping the consensus estimate of $3.45 by $0.22. The firm had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $730.43 million. F5 had a net margin of 20.13% and a return on equity of 20.80%. F5’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.76 EPS. As a group, equities analysts predict that F5, Inc. will post 11.01 earnings per share for the current fiscal year.

F5 declared that its board has authorized a stock repurchase 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 a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Alan Higginson sold 825 shares of the 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 owns 9,882 shares of the company’s stock, valued at $2,369,407.14. This represents a 7.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of F5 from $186.00 to $246.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. upped their price objective on F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Barclays raised their target price on F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Morgan Stanley upped their price target 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, Royal Bank of Canada lifted their price objective on F5 from $240.00 to $260.00 and gave the company a “sector perform” rating in a report on Friday, January 3rd. 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. According to MarketBeat.com, F5 presently has an average rating of “Hold” and a consensus target price of $251.25.

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.