F5, Inc. $FFIV Position Decreased by Royal Bank of Canada

Key Points

• Royal Bank of Canada reduced its holdings in F5, Inc. by 20.9% in Q1, owning approximately $15.5 million worth of shares after selling 15,448 shares.
• Other institutional investors also changed their positions, with Nomura Holdings Inc. increasing its stake by 125.3%, while the overall institutional ownership of F5 stands at around 90.66%.
• F5 reported strong Q2 earnings, with an EPS of $4.16, exceeding estimates, and has projected an EPS guidance of $15.240 - $15.380 for FY 2025.

Royal Bank of Canada decreased its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,376 shares of the network technology company's stock after selling 15,448 shares during the period. Royal Bank of Canada owned approximately 0.10% of F5 worth $15,543,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in FFIV. Nomura Holdings Inc. lifted its position in shares of F5 by 125.3% in the first quarter. Nomura Holdings Inc. now owns 4,316 shares of the network technology company's stock worth $1,149,000 after purchasing an additional 2,400 shares in the last quarter. Panagora Asset Management Inc. raised its position in F5 by 14.0% during the first quarter. Panagora Asset Management Inc. now owns 373,084 shares of the network technology company's stock valued at $99,341,000 after acquiring an additional 45,815 shares in the last quarter. Vident Advisory LLC raised its position in shares of F5 by 47.0% in the first quarter. Vident Advisory LLC now owns 5,488 shares of the network technology company's stock valued at $1,461,000 after purchasing an additional 1,754 shares during the period. Evergreen Capital Management LLC bought a new position in shares of F5 in the first quarter valued at approximately $293,000. Finally, Magnetar Financial LLC bought a new position in shares of F5 in the first quarter valued at approximately $948,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at F5

In other news, insider Lyra Amber Schramm sold 2,701 shares of the 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Chad Michael Whalen sold 5,297 shares of the 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 sale, the executive vice president directly owned 23,591 shares of the company's stock, valued at approximately $7,601,963.84. The trade was a 18.34% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,945 shares of company stock worth $3,762,365. Insiders own 0.52% of the company's stock.

F5 Stock Performance

Shares of FFIV opened at $326.69 on Thursday. The stock has a 50 day simple moving average of $309.85 and a 200 day simple moving average of $287.47. F5, Inc. has a 52-week low of $197.34 and a 52-week high of $334.00. The firm has a market capitalization of $18.77 billion, a PE ratio of 28.78, a P/E/G ratio of 3.76 and a beta of 1.08.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Wolfe Research initiated coverage on shares of F5 in a research note on Monday, July 7th. They set an "outperform" rating on the stock. Morgan Stanley lifted their price target on shares of F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC lifted their price objective on F5 from $320.00 to $345.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $309.89.

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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