Alliancebernstein L.P. Has $118.52 Million Position in F5, Inc. $FFIV

Key Points

• Alliancebernstein L.P. has reduced its stake in F5, Inc. by 32.2%, now holding 445,125 shares valued at approximately $118.52 million.
• F5 reported earnings of $4.16 per share, significantly beating the consensus estimate of $3.49, with revenue of $780.37 million for the quarter.
• Multiple analysts have upgraded their price targets for F5, with Piper Sandler increasing it to $355.00, while Needham raised theirs to $345.00, reflecting an optimistic outlook on the stock.

Alliancebernstein L.P. reduced its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 32.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 445,125 shares of the network technology company's stock after selling 211,106 shares during the period. Alliancebernstein L.P. owned about 0.78% of F5 worth $118,523,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Private Advisory Group LLC acquired a new stake in F5 during the 1st quarter worth approximately $469,000. Vestcor Inc boosted its position in F5 by 689.3% during the 1st quarter. Vestcor Inc now owns 7,364 shares of the network technology company's stock worth $1,961,000 after buying an additional 6,431 shares during the period. Golden State Wealth Management LLC boosted its position in F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after buying an additional 77 shares during the period. Norden Group LLC acquired a new stake in F5 during the 1st quarter worth approximately $234,000. Finally, OneDigital Investment Advisors LLC acquired a new stake in F5 during the 1st quarter worth approximately $240,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FFIV has been the topic of several recent research reports. Piper Sandler lifted their target price on shares of F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Wolfe Research initiated coverage on shares of F5 in a research report on Monday, July 7th. They set an "outperform" rating on the stock. Needham & Company LLC lifted their target price on shares of F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Barclays boosted their price target on shares of F5 from $274.00 to $321.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley upped their price objective on shares of F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, F5 has an average rating of "Hold" and an average target price of $309.89.

F5 Trading Up 0.5%

FFIV stock opened at $315.89 on Friday. The stock has a 50-day moving average price of $308.12 and a 200-day moving average price of $287.04. F5, Inc. has a 1-year low of $197.34 and a 1-year high of $334.00. The firm has a market cap of $18.15 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 3.63 and a beta of 1.08.

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

Insider Activity at F5

In other news, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction on Monday, August 4th. The shares were sold at an average price of $309.73, for a total value of $417,206.31. Following the completion of the sale, the executive vice president owned 20,699 shares in the company, valued at $6,411,101.27. The trade was a 6.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 owned 110,153 shares of the company's stock, valued at $33,942,545.42. This represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,744 shares of company stock worth $3,347,605. 0.52% of the stock is owned by insiders.

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.

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