Banque Pictet & Cie SA Decreases Stock Position in F5, Inc. $FFIV

Banque Pictet & Cie SA lowered its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 10.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,713 shares of the network technology company's stock after selling 1,584 shares during the period. Banque Pictet & Cie SA's holdings in F5 were worth $4,036,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of F5 by 134.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company's stock worth $27,000 after buying an additional 59 shares during the period. Golden State Wealth Management LLC grew its stake in shares of F5 by 275.0% in the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after purchasing an additional 77 shares during the last quarter. Park Square Financial Group LLC bought a new stake in shares of F5 in the fourth quarter worth about $31,000. Groupe la Francaise bought a new stake in shares of F5 in the first quarter worth about $34,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of F5 in the first quarter worth about $35,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Analyst Ratings Changes

FFIV has been the topic of several recent analyst reports. JPMorgan Chase & Co. raised their target price on F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Barclays lifted their price objective on F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Piper Sandler lifted their price objective on F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley lifted their price objective on F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, F5 currently has an average rating of "Hold" and a consensus target price of $309.89.

F5 Stock Up 0.3%

Shares of FFIV opened at $324.87 on Friday. The business's 50 day moving average price is $316.66 and its 200-day moving average price is $291.07. F5, Inc. has a 52 week low of $213.24 and a 52 week high of $337.39. The stock has a market cap of $18.66 billion, a P/E ratio of 28.62, a P/E/G ratio of 3.74 and a beta of 1.08.

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, topping analysts' consensus estimates of $3.49 by $0.67. F5 had a return on equity of 21.77% and a net margin of 22.06%.The firm had revenue of $780.37 million for the quarter, compared to analysts' expectations of $750.64 million. During the same period in the previous year, the firm posted $3.36 EPS. The business's revenue for the quarter 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, equities analysts anticipate that F5, Inc. will post 11.2 EPS for the current year.

Insiders Place Their Bets

In related news, insider Lyra Amber Schramm sold 2,701 shares of the company's stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $316.57, for a total value of $855,055.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Chad Michael Whalen sold 5,297 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $322.24, for a total value of $1,706,905.28. Following the completion of the transaction, the executive vice president directly owned 23,591 shares in the company, valued at $7,601,963.84. This trade represents a 18.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,945 shares of company stock valued at $3,762,365. Insiders own 0.52% of the company's stock.

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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