Bank of America Corp DE Takes Position in F5, Inc. $FFIV

Key Points

• Bank of America acquired 169,140 F5 shares in the second quarter, valued at approximately $70.4 million and representing about 0.30% of the company. Institutional investors collectively own 90.66% of F5.
• F5 reported quarterly EPS of $4.73, surpassing the $4.00 consensus estimate, while revenue rose 10.9% year over year to $865.08 million. Shares opened at $432.03, near their 12-month high of $439.83.
• Analyst sentiment remains mixed, with an average rating of “Hold” and a consensus price target of $416.62; meanwhile, F5 insiders have sold approximately $6.8 million of stock over the past three months.

Bank of America Corp DE bought a new stake in F5, Inc. (NASDAQ:FFIV - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 169,140 shares of the network technology company's stock, valued at approximately $70,355,000. Bank of America Corp DE owned about 0.30% of F5 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FFIV. Pinnacle Wealth Management Advisory Group LLC grew its stake in F5 by 2.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,447 shares of the network technology company's stock worth $419,000 after buying an additional 36 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of F5 by 4.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 968 shares of the network technology company's stock valued at $247,000 after purchasing an additional 41 shares during the period. Optas LLC raised its stake in shares of F5 by 4.7% during the first quarter. Optas LLC now owns 1,035 shares of the network technology company's stock valued at $299,000 after purchasing an additional 46 shares during the period. Kesler Norman & Wride LLC lifted its position in shares of F5 by 1.4% during the first quarter. Kesler Norman & Wride LLC now owns 3,718 shares of the network technology company's stock worth $1,076,000 after purchasing an additional 52 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its stake in F5 by 109.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company's stock worth $27,000 after buying an additional 56 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

F5 Trading Down 0.6%

Shares of NASDAQ:FFIV opened at $432.03 on Friday. The company has a 50 day moving average of $403.82 and a 200-day moving average of $365.78. The firm has a market cap of $24.47 billion, a P/E ratio of 34.40, a P/E/G ratio of 4.22 and a beta of 1.03. F5, Inc. has a twelve month low of $223.76 and a twelve month high of $439.83.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The network technology company reported $4.73 EPS for the quarter, topping analysts' consensus estimates of $4.00 by $0.73. The company had revenue of $865.08 million for the quarter, compared to the consensus estimate of $834.60 million. F5 had a return on equity of 21.54% and a net margin of 21.95%.The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.16 EPS. 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 forecast that F5, Inc. will post 13.65 EPS for the current year.

Insider Activity at F5

In other F5 news, insider John Maddison sold 204 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $406.24, for a total value of $82,872.96. Following the completion of the transaction, the insider directly owned 1,149 shares in the company, valued at $466,769.76. This trade represents a 15.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Thomas Fountain sold 1,208 shares of F5 stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $414.63, for a total transaction of $500,873.04. Following the transaction, the executive vice president owned 8,060 shares in the company, valued at approximately $3,341,917.80. The trade was a 13.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 16,829 shares of company stock worth $6,815,302. 0.48% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on FFIV. Needham & Company LLC reissued a "hold" rating on shares of F5 in a research report on Tuesday, July 28th. Barclays upped their price target on shares of F5 from $386.00 to $397.00 and gave the company an "equal weight" rating in a report on Tuesday, July 28th. Bank of America increased their price objective on shares of F5 from $250.00 to $300.00 and gave the company an "underperform" rating in a research note on Tuesday, May 26th. JPMorgan Chase & Co. upped their target price on shares of F5 from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen upgraded F5 from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Five research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $416.62.

About F5

F5, Inc is a technology company that provides application delivery, security and traffic-management solutions for enterprises, service providers and government organizations. Its offerings are designed to help customers ensure the availability, performance and security of applications across on-premises data centers, public clouds and edge environments.

The company's portfolio includes BIG-IP software and appliances, NGINX application delivery and web server technologies, and F5 Distributed Cloud Services.

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