Adage Capital Partners GP L.L.C. Decreases Stock Holdings in F5, Inc. $FFIV

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in F5, Inc. by 1.8% during the first quarter, owning 93,040 shares valued at approximately $24.77 million.
• Insider transactions included CEO Francois Locoh-Donou selling 1,300 shares and EVP Chad Michael Whalen selling 5,297 shares, reflecting decreases in their respective holdings.
• F5 recently reported earnings per share (EPS) of $4.16 for the last quarter, exceeding expectations and showcasing a year-over-year revenue increase of 12.2% to $780.37 million.

Adage Capital Partners GP L.L.C. lowered its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 1.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,040 shares of the network technology company's stock after selling 1,700 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.16% of F5 worth $24,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of F5 by 6.2% during the 1st 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 last quarter. Northern Trust Corp increased its holdings in shares of F5 by 15.5% during the 1st quarter. Northern Trust Corp now owns 1,054,701 shares of the network technology company's stock worth $280,835,000 after buying an additional 141,680 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of F5 by 34,698.9% during the 1st 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 last quarter. Dimensional Fund Advisors LP increased its holdings in shares of F5 by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 656,373 shares of the network technology company's stock worth $174,755,000 after buying an additional 5,826 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of F5 by 21.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,992 shares of the network technology company's stock worth $163,705,000 after buying an additional 116,785 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on FFIV shares. JPMorgan Chase & Co. raised their price target on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Piper Sandler lifted their target price on shares of F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada lifted their target price on shares of F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Finally, Barclays lifted their target price on shares of F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Three investment 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 presently has a consensus rating of "Hold" and a consensus target price of $309.89.

Insider Buying and Selling at F5

In other news, CEO Francois Locoh-Donou sold 1,300 shares of F5 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 completion of the sale, the chief executive officer directly owned 110,153 shares of the company's stock, valued at approximately $33,942,545.42. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lyra Amber Schramm sold 2,701 shares of F5 stock in a transaction on Monday, September 8th. The stock was sold at an average price of $316.57, for a total transaction of $855,055.57. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,945 shares of company stock worth $3,762,365. 0.52% of the stock is currently owned by corporate insiders.

F5 Stock Up 0.2%

FFIV stock traded up $0.59 during midday trading on Wednesday, hitting $326.00. The company's stock had a trading volume of 63,591 shares, compared to its average volume of 532,344. F5, Inc. has a 52-week low of $197.34 and a 52-week high of $334.00. The firm has a market capitalization of $18.73 billion, a P/E ratio of 28.72, a PEG ratio of 3.70 and a beta of 1.08. The firm has a 50-day simple moving average of $309.24 and a 200-day simple moving average of $287.20.

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