Evergreen Capital Management LLC Invests $293,000 in F5, Inc. $FFIV

Key Points

• Evergreen Capital Management LLC acquired 1,102 shares of F5, Inc. valued at approximately $293,000, marking a new position in the network technology company.
• F5's recent earnings report indicated an EPS of $4.16, surpassing estimates, with revenues of $780.37 million, reflecting a 12.2% year-over-year increase.
• Analysts have expressed a generally positive outlook for F5, with several price targets raised and three analysts rating the stock as a Buy.

Evergreen Capital Management LLC bought a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,102 shares of the network technology company's stock, valued at approximately $293,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in F5 by 34,698.9% during the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after buying an additional 743,945 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in F5 by 6.2% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company's stock worth $1,434,583,000 after buying an additional 312,415 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in F5 by 110.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock worth $149,242,000 after buying an additional 294,050 shares during the period. Pacer Advisors Inc. grew its stake in F5 by 659.3% during the first quarter. Pacer Advisors Inc. now owns 316,992 shares of the network technology company's stock worth $84,405,000 after buying an additional 275,244 shares during the period. Finally, Nuveen LLC purchased a new stake in F5 during the first quarter worth approximately $46,920,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on FFIV. Piper Sandler boosted their price objective on shares of F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Needham & Company LLC upped their target price on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Barclays upped their target price on shares of F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on shares of F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Finally, Wolfe Research assumed coverage on shares of F5 in a research note on Monday, July 7th. They issued an "outperform" rating for the company. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $309.89.

Insider Buying and Selling at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $308.14, for a total transaction of $400,582.00. Following the sale, the chief executive officer directly owned 110,153 shares of the company's stock, valued at approximately $33,942,545.42. This represents a 1.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chad Michael Whalen sold 5,297 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $322.24, for a total transaction of $1,706,905.28. Following the sale, the executive vice president directly owned 23,591 shares in the company, valued at $7,601,963.84. This trade represents a 18.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,744 shares of company stock valued at $3,347,605 over the last three months. 0.52% of the stock is currently owned by company insiders.

F5 Price Performance

FFIV traded up $1.54 during trading on Friday, hitting $315.89. The company had a trading volume of 310,965 shares, compared to its average volume of 403,783. The company has a market cap of $18.15 billion, a PE ratio of 27.83, a P/E/G ratio of 3.63 and a beta of 1.08. The business has a 50-day moving average of $308.12 and a 200-day moving average of $287.04. F5, Inc. has a 1-year low of $197.34 and a 1-year high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.49 by $0.67. The firm had revenue of $780.37 million for the quarter, compared to analysts' expectations of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. The firm's quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the company posted $3.36 earnings per share. F5 has set its FY 2025 guidance at 15.240-15.380 EPS. Q4 2025 guidance at 3.870-3.990 EPS. Research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current year.

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.