F5, Inc. $FFIV Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. sold 42.5% of its holdings in F5, Inc., reducing its shares from 47,114 to 27,080, with the value of remaining shares at approximately $7.97 million.
• F5's recent quarterly earnings showed an earnings per share (EPS) of $4.16, exceeding consensus estimates by $0.67, alongside a 12.2% revenue increase year-over-year.
• A range of brokerage firms have recently given F5 mixed ratings, with an average target price set at $309.89, indicating cautious optimism on the stock's performance.

Assenagon Asset Management S.A. cut its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 42.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,080 shares of the network technology company's stock after selling 20,034 shares during the quarter. Assenagon Asset Management S.A.'s holdings in F5 were worth $7,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Advisory Group LLC acquired a new stake in F5 during the 1st quarter valued at $469,000. Vestcor Inc increased its position in F5 by 689.3% during the 1st quarter. Vestcor Inc now owns 7,364 shares of the network technology company's stock worth $1,961,000 after purchasing an additional 6,431 shares in the last quarter. Golden State Wealth Management LLC raised its stake in F5 by 275.0% in the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. Norden Group LLC acquired a new position in F5 in the 1st quarter valued at about $234,000. Finally, OneDigital Investment Advisors LLC purchased a new position in F5 in the 1st quarter valued at about $240,000. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insider Activity at F5

In other news, EVP Chad Michael Whalen sold 5,297 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 23,591 shares in the company, valued at approximately $7,601,963.84. This represents a 18.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $309.73, for a total value of $417,206.31. Following the completion of the transaction, the executive vice president owned 20,699 shares of the company's stock, valued at $6,411,101.27. This trade represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,945 shares of company stock valued at $3,762,365. Insiders own 0.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on FFIV. Wolfe Research began coverage on shares of F5 in a report on Monday, July 7th. They set an "outperform" rating for the company. Needham & Company LLC raised their target price on shares of F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their price target on F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Morgan Stanley increased their price target on F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Barclays raised their price objective on F5 from $274.00 to $321.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Three 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, the stock currently has an average rating of "Hold" and an average target price of $309.89.

F5 Stock Performance

Shares of FFIV opened at $324.70 on Wednesday. F5, Inc. has a one year low of $213.24 and a one year high of $337.39. The stock has a 50-day moving average price of $315.10 and a 200 day moving average price of $290.03. The company has a market capitalization of $18.65 billion, a P/E ratio of 28.61, a P/E/G ratio of 3.81 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 earnings per share (EPS) for the quarter, topping 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 company had revenue of $780.37 million for the quarter, compared to the consensus estimate of $750.64 million. During the same period in the previous year, the business earned $3.36 EPS. F5'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. As a group, equities research analysts forecast 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.

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