Engineers Gate Manager LP Sells 39,179 Shares of F5, Inc. $FFIV

Engineers Gate Manager LP reduced its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 91.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,444 shares of the network technology company's stock after selling 39,179 shares during the quarter. Engineers Gate Manager LP's holdings in F5 were worth $1,433,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new position in shares of F5 during the second quarter valued at about $2,611,637,000. Jericho Capital Asset Management L.P. purchased a new stake in F5 during the fourth quarter worth about $579,699,000. Norges Bank bought a new stake in F5 in the fourth quarter worth about $205,706,000. William Blair Investment Management LLC purchased a new position in F5 in the second quarter valued at about $243,865,000. Finally, Hsbc Holdings PLC bought a new position in shares of F5 during the 2nd quarter valued at approximately $208,277,000. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of F5 from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Royal Bank Of Canada reiterated an "outperform" rating on shares of F5 in a research note on Thursday, July 16th. JPMorgan Chase & Co. increased their price objective on F5 from $500.00 to $515.00 and gave the company an "overweight" rating in a report on Tuesday, July 28th. Morgan Stanley raised their target price on F5 from $380.00 to $415.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 28th. Finally, Needham & Company LLC restated a "hold" rating on shares of F5 in a research note on Tuesday, July 28th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $416.62.

Insider Activity at F5

In other F5 news, EVP Thomas Fountain sold 1,208 shares of F5 stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $414.63, for a total transaction of $500,873.04. Following the completion of the transaction, the executive vice president owned 8,060 shares of the company's stock, valued at $3,341,917.80. The trade was a 13.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Michael F. Montoya sold 4,426 shares of the company's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $410.16, for a total value of $1,815,368.16. Following the sale, the chief technology officer owned 1,309 shares in the company, valued at approximately $536,899.44. This represents a 77.18% 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. Insiders sold a total of 16,829 shares of company stock worth $6,815,302 in the last 90 days. 0.48% of the stock is owned by company insiders.

F5 Stock Up 2.6%

NASDAQ FFIV opened at $434.62 on Friday. The firm has a market cap of $24.61 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 4.14 and a beta of 1.03. The company's 50 day moving average is $403.79 and its 200-day moving average is $365.31. F5, Inc. has a 12-month low of $223.76 and a 12-month high of $439.48.

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

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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