Bank of America Corp DE Sells 35,162 Shares of F5, Inc. $FFIV

Key Points

• Bank of America reduced its F5 stake by 12.8%, selling 35,162 shares during the first quarter and retaining 240,190 shares valued at approximately $69.5 million. Institutional investors collectively own 90.66% of F5.
• F5 reported stronger-than-expected quarterly results, with earnings of $4.73 per share and revenue of $865.1 million, up 10.9% year over year. The company also issued fiscal 2026 earnings guidance.
• F5 shares opened at $409.99, near their 52-week high of $435.00. Analyst sentiment is mixed, with an average “Hold” rating and a consensus price target of $416.62, while several firms recently raised their targets.

Bank of America Corp DE decreased its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 12.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 240,190 shares of the network technology company's stock after selling 35,162 shares during the quarter. Bank of America Corp DE owned approximately 0.43% of F5 worth $69,494,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new position in F5 in the fourth quarter valued at approximately $205,706,000. Jefferies Financial Group Inc. boosted its holdings in F5 by 127.0% during the fourth quarter. Jefferies Financial Group Inc. now owns 34,529 shares of the network technology company's stock worth $8,814,000 after buying an additional 19,315 shares during the last quarter. iA Global Asset Management Inc. bought a new position in F5 during the first quarter worth about $6,469,000. William Blair Investment Management LLC acquired a new position in shares of F5 during the 4th quarter worth about $140,460,000. Finally, Tredje AP fonden grew its position in shares of F5 by 98.2% during the 4th quarter. Tredje AP fonden now owns 7,683 shares of the network technology company's stock worth $1,961,000 after buying an additional 3,807 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Francois Locoh-Donou sold 3,782 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $412.44, for a total value of $1,559,848.08. Following the sale, the chief executive officer owned 146,989 shares of the company's stock, valued at $60,624,143.16. The trade was a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Angelique M. Okeke sold 515 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $404.49, for a total transaction of $208,312.35. Following the transaction, the executive vice president owned 2,240 shares of the company's stock, valued at $906,057.60. The trade was a 18.69% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 15,699 shares of company stock worth $6,316,411 in the last ninety days. 0.48% of the stock is owned by insiders.

F5 Stock Performance

Shares of FFIV opened at $409.99 on Tuesday. The firm has a market capitalization of $23.13 billion, a PE ratio of 32.64, a P/E/G ratio of 3.94 and a beta of 1.03. The stock has a 50 day simple moving average of $403.80 and a 200 day simple moving average of $340.32. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $435.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The network technology company reported $4.73 earnings per share for the quarter, beating analysts' consensus estimates of $4.00 by $0.73. F5 had a net margin of 21.95% and a return on equity of 21.54%. The firm had revenue of $865.08 million for the quarter, compared to analyst estimates of $834.60 million. During the same quarter in the previous year, the firm posted $4.16 earnings per share. The business's revenue was up 10.9% on a year-over-year basis. F5 has set its Q4 2026 guidance at 4.140-4.260 EPS and its FY 2026 guidance at 17.210-17.330 EPS. Equities research analysts predict that F5, Inc. will post 13.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

FFIV has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $461.00 price target (up from $423.00) on shares of F5 in a research note on Tuesday, July 28th. Needham & Company LLC reissued a "hold" rating on shares of F5 in a research note on Tuesday, July 28th. Weiss Ratings restated a "buy (b-)" rating on shares of F5 in a report on Friday, June 26th. Evercore raised shares of F5 from an "in-line" rating to an "outperform" rating and set a $475.00 target price for the company in a research note on Monday, May 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of F5 from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $416.62.

F5 Profile

F5 Inc NASDAQ: FFIV specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company's core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.

At the heart of F5's product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.

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