Farther Finance Advisors LLC Has $148,000 Stake in F5, Inc. $FFIV

Key Points

• Farther Finance Advisors LLC significantly reduced its holdings in F5, Inc. by 79%, ending up with 502 shares worth $148,000 after selling 1,893 shares in Q2.
• F5 reported strong quarterly earnings with an EPS of $4.16, exceeding expectations, and revenue of $780.37 million, representing a 12.2% year-over-year increase.
• Analysts have set new price targets for F5, with Needham & Company increasing its target to $345.00 and maintaining a "buy" rating, indicating positive investor sentiment.

Farther Finance Advisors LLC decreased its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 79.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 502 shares of the network technology company's stock after selling 1,893 shares during the quarter. Farther Finance Advisors LLC's holdings in F5 were worth $148,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. grew its holdings 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 purchasing an additional 44 shares during the period. Spire Wealth Management grew its holdings 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 purchasing an additional 48 shares during the period. Horizon Investments LLC grew its holdings 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 purchasing an additional 50 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings 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 purchasing an additional 50 shares during the period. Finally, Oliver Luxxe Assets LLC grew its holdings in F5 by 4.6% during the first quarter. Oliver Luxxe Assets LLC now owns 1,298 shares of the network technology company's stock valued at $346,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FFIV. Needham & Company LLC boosted 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. JPMorgan Chase & Co. upped their price target on shares of F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Piper Sandler upped their price target on shares of F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Morgan Stanley upped their price target 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. Finally, Royal Bank Of Canada upped their price target 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. 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 company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $309.89.

F5 Stock Performance

NASDAQ FFIV opened at $327.18 on Friday. F5, Inc. has a 52-week low of $213.24 and a 52-week high of $337.39. The stock has a market cap of $18.80 billion, a PE ratio of 28.83, a P/E/G ratio of 3.59 and a beta of 1.06. The firm has a 50-day moving average of $318.65 and a 200-day moving average of $292.78.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings results 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. F5 had a net margin of 22.06% and a return on equity of 21.77%. The business had revenue of $780.37 million for the quarter, compared to analyst estimates of $750.64 million. During the same period last year, the firm earned $3.36 earnings per share. 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, analysts predict that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insider Buying and Selling at F5

In related news, EVP Chad Michael Whalen sold 5,297 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $322.24, for a total transaction of $1,706,905.28. Following the transaction, the executive vice president directly owned 23,591 shares of the company's stock, valued at approximately $7,601,963.84. This trade represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Thomas Dean Fountain sold 1,347 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $309.73, for a total transaction of $417,206.31. Following the transaction, the executive vice president directly owned 20,699 shares in the company, valued at approximately $6,411,101.27. This represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,645 shares of company stock valued at $3,379,749 in the last three months. 0.52% of the stock is owned by insiders.

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.

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