F5, Inc. $FFIV Shares Sold by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC reduced its holdings in F5, Inc. by 97.4% in the first quarter, owning just 1,293 shares valued at $344,000 after selling 48,434 shares.
• A number of hedge funds have increased their stakes in F5, with Golden State Wealth Management LLC raising their stake by 275.0% in the first quarter.
• F5's latest earnings report showed $4.16 earnings per share, exceeding analysts' expectations, and a 12.2% year-over-year revenue increase to $780.37 million.

Great Lakes Advisors LLC lowered its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 97.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,293 shares of the network technology company's stock after selling 48,434 shares during the period. Great Lakes Advisors LLC's holdings in F5 were worth $344,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Advisory Group LLC bought a new stake in shares of F5 during the 1st quarter worth about $469,000. Vestcor Inc increased its holdings in shares of F5 by 689.3% during the first 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 during the period. Golden State Wealth Management LLC raised its position in F5 by 275.0% during the first 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 in the last quarter. Norden Group LLC bought a new position in shares of F5 in the first quarter worth about $234,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of F5 in the 1st quarter valued at $240,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at F5

In related news, 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of the company's 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 directly owned 20,699 shares of the company's stock, valued at $6,411,101.27. The trade was a 6.11% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,945 shares of company stock worth $3,762,365 in the last 90 days. 0.52% of the stock is owned by company insiders.

F5 Trading Up 0.1%

Shares of FFIV stock traded up $0.37 on Wednesday, reaching $324.10. The company's stock had a trading volume of 155,579 shares, compared to its average volume of 528,799. F5, Inc. has a 1 year low of $211.89 and a 1 year high of $337.39. The stock's fifty day simple moving average is $311.90 and its 200-day simple moving average is $288.36. The company has a market capitalization of $18.62 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 3.74 and a beta of 1.08.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.67. The business had revenue of $780.37 million for the quarter, compared to the consensus estimate of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.36 earnings per share. 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 forecast that F5, Inc. will post 11.2 earnings per share for the current year.

Analyst Ratings Changes

FFIV has been the subject of a number of recent research reports. Royal Bank Of Canada increased their price objective on F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Needham & Company LLC boosted their price objective on F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Barclays increased their price target on F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Wolfe Research initiated coverage on shares of F5 in a research note on Monday, July 7th. They set an "outperform" rating for the company. Finally, Piper Sandler lifted their target price on shares of F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, F5 currently has an average rating of "Hold" and a consensus target price of $309.89.

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.