CHURCHILL MANAGEMENT Corp Buys New Stake in F5, Inc. $FFIV

Key Points

• Churchill Management Corp acquired a new stake in F5, Inc. worth approximately $7.76 million by purchasing 26,371 shares in the second quarter.
• Several hedge funds, including Meiji Yasuda Asset Management and Signaturefd LLC, have also increased their positions in F5, showing institutional confidence in the company's stock.
• F5's recent earnings report beat analysts' expectations, with an EPS of $4.16 and revenues up 12.2% year-over-year, highlighting strong financial performance amidst a competitive market.

CHURCHILL MANAGEMENT Corp bought a new stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 26,371 shares of the network technology company's stock, valued at approximately $7,762,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of FFIV. Meiji Yasuda Asset Management Co Ltd. grew its position in F5 by 2.5% during the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,805 shares of the network technology company's stock valued at $481,000 after buying an additional 44 shares during the period. Signaturefd LLC grew its position in F5 by 2.6% during the second quarter. Signaturefd LLC now owns 1,834 shares of the network technology company's stock valued at $540,000 after buying an additional 46 shares during the period. Spire Wealth Management grew its position in F5 by 11.9% during the first quarter. Spire Wealth Management now owns 451 shares of the network technology company's stock valued at $120,000 after buying an additional 48 shares during the period. Horizon Investments LLC grew its position in F5 by 6.3% during the first quarter. Horizon Investments LLC now owns 845 shares of the network technology company's stock valued at $225,000 after buying an additional 50 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in F5 by 0.4% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,210 shares of the network technology company's stock valued at $2,985,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Activity

In related news, EVP Thomas Dean Fountain sold 1,347 shares of the firm's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $309.73, for a total transaction of $417,206.31. Following the completion of the sale, the executive vice president directly owned 20,699 shares in the company, valued at approximately $6,411,101.27. This trade represents a 6.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Lyra Amber Schramm sold 2,701 shares of the firm's stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $316.57, for a total transaction of $855,055.57. The disclosure for this sale can be found here. Insiders have sold a total of 10,645 shares of company stock valued at $3,379,749 in the last ninety days. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FFIV. Needham & Company LLC increased their price objective on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Royal Bank Of Canada increased their price objective on shares of F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Piper Sandler increased their price objective on shares of F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Barclays increased their price objective on shares of F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Morgan Stanley increased their price objective on shares of F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $309.89.

F5 Trading Up 1.3%

NASDAQ:FFIV opened at $327.29 on Thursday. The company's 50-day moving average price is $318.15 and its 200-day moving average price is $292.36. The company has a market cap of $18.80 billion, a P/E ratio of 28.84, a P/E/G ratio of 3.73 and a beta of 1.06. F5, Inc. has a twelve month low of $213.24 and a twelve month high of $337.39.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.67. F5 had a net margin of 22.06% and a return on equity of 21.77%. The firm had revenue of $780.37 million during the quarter, compared to analysts' expectations of $750.64 million. During the same period last year, the business earned $3.36 earnings per share. F5's revenue 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, analysts expect that F5, Inc. will post 11.2 earnings per share for the current year.

F5 Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.