Bank of Nova Scotia Makes New $2.88 Million Investment in F5, Inc. $FFIV

Key Points

• Bank of Nova Scotia acquired 6,932 F5 shares worth approximately $2.88 million during the second quarter. Institutional investors collectively own 90.66% of F5.
• F5 reported quarterly EPS of $4.73, exceeding the $4.00 consensus estimate, while revenue reached $865.08 million and increased 10.9% year over year.
• F5 shares opened at $399.59, near the analyst consensus price target of $416.62. Analyst sentiment remains mixed, with a consensus “Hold” rating, while insiders have sold about $6.32 million in stock over the past 90 days.

Bank of Nova Scotia acquired a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,932 shares of the network technology company's stock, valued at approximately $2,883,000.

Several other institutional investors have also modified their holdings of FFIV. BlackRock Inc. purchased a new stake in F5 during the 2nd quarter valued at $2,611,637,000. Jericho Capital Asset Management L.P. bought a new stake in F5 in the fourth quarter worth $579,699,000. Northwestern Mutual Wealth Management Co. boosted its stake in F5 by 15,103.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,170,216 shares of the network technology company's stock worth $298,709,000 after buying an additional 1,162,519 shares during the period. First Trust Advisors LP boosted its stake in F5 by 68.5% during the fourth quarter. First Trust Advisors LP now owns 2,753,652 shares of the network technology company's stock worth $702,897,000 after buying an additional 1,119,291 shares during the period. Finally, Norges Bank bought a new position in F5 during the fourth quarter valued at $205,706,000. 90.66% of the stock is owned by institutional investors.

F5 Stock Performance

NASDAQ FFIV opened at $399.59 on Thursday. F5, Inc. has a one year low of $223.76 and a one year high of $435.00. The company has a market capitalization of $22.63 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 3.74 and a beta of 1.03. The company's 50-day simple moving average is $403.65 and its two-hundred day simple moving average is $350.72.

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

Insider Activity at F5

In other news, CTO Kunal Anand sold 392 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $404.63, for a total value of $158,614.96. Following the completion of the transaction, the chief technology officer directly owned 12,586 shares of the company's stock, valued at approximately $5,092,673.18. The trade was a 3.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider John Anthony Maddison sold 1,000 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $405.85, for a total value of $405,850.00. Following the sale, the insider owned 1,353 shares of the company's stock, valued at $549,115.05. This trade represents a 42.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 15,699 shares of company stock valued at $6,316,411 over the last 90 days. Insiders own 0.48% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on FFIV. Evercore upgraded shares of F5 from an "in-line" rating to an "outperform" rating and set a $475.00 target price for the company in a report on Monday, May 18th. Zacks Research downgraded shares of F5 from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. Wall Street Zen raised shares of F5 from a "hold" rating to a "buy" rating in a research report on Saturday, August 1st. Barclays raised their price objective on shares of F5 from $386.00 to $397.00 and gave the stock an "equal weight" rating in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of F5 in a research report on Thursday, July 16th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target 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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