Contravisory Investment Management Inc. Takes $849,000 Position in F5, Inc. $FFIV

Key Points

• Contravisory Investment Management Inc. purchased 2,883 shares of F5, Inc. in the second quarter, with the investment valued at approximately $849,000.
• Research firms have recently increased their price targets for F5, Inc., with some issuing a "buy" rating, signaling positive sentiment towards the stock.
• F5 reported quarterly earnings of $4.16 per share, exceeding estimates, while also noting a revenue increase of 12.2% year-over-year to $780.37 million.

Contravisory Investment Management Inc. purchased a new position in F5, Inc. (NASDAQ:FFIV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,883 shares of the network technology company's stock, valued at approximately $849,000.

A number of other hedge funds have also recently made changes to their positions in FFIV. GAMMA Investing LLC lifted its position in shares of F5 by 34,698.9% during the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock valued at $198,661,000 after buying an additional 743,945 shares during the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in F5 by 6.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company's stock valued at $1,434,583,000 after purchasing an additional 312,415 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of F5 by 110.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock worth $149,242,000 after acquiring an additional 294,050 shares during the period. Pacer Advisors Inc. raised its holdings in F5 by 659.3% in the 1st quarter. Pacer Advisors Inc. now owns 316,992 shares of the network technology company's stock valued at $84,405,000 after buying an additional 275,244 shares during the period. Finally, AQR Capital Management LLC grew its position in F5 by 37.5% in the 1st quarter. AQR Capital Management LLC now owns 828,900 shares of the network technology company's stock valued at $216,757,000 after acquiring an additional 226,231 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

FFIV has been the subject of a number of analyst reports. Needham & Company LLC boosted their price objective on F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Morgan Stanley upped their price target on F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Barclays upped their price target on F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their price target on F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Finally, Royal Bank Of Canada upped their price objective on F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, F5 currently has a consensus rating of "Hold" and an average target price of $309.89.

Insider Buying and Selling at F5

In other F5 news, EVP Chad Michael Whalen sold 5,297 shares of the business's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $322.24, for a total value of $1,706,905.28. Following the completion of the sale, the executive vice president owned 23,591 shares of the company's stock, valued at $7,601,963.84. The trade was a 18.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $308.14, for a total value of $400,582.00. Following the transaction, the chief executive officer directly owned 110,153 shares of the company's stock, valued at $33,942,545.42. This represents a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,945 shares of company stock valued at $3,762,365 over the last three months. 0.52% of the stock is owned by insiders.

F5 Stock Down 0.9%

F5 stock traded down $3.11 during mid-day trading on Friday, hitting $328.69. 1,276,679 shares of the company's stock traded hands, compared to its average volume of 380,036. F5, Inc. has a one year low of $213.24 and a one year high of $337.39. The firm has a 50 day moving average price of $313.70 and a 200 day moving average price of $289.31. The company has a market cap of $18.88 billion, a PE ratio of 28.96, a price-to-earnings-growth ratio of 3.79 and a beta of 1.08.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $780.37 million for the quarter, compared to the consensus estimate of $750.64 million. F5 had a return on equity of 21.77% and a net margin of 22.06%.The company's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.36 EPS. 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 fiscal year.

F5 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.