F5, Inc. $FFIV Position Increased by Korea Investment CORP

Key Points

• Korea Investment CORP increased its stake in F5, Inc. by 12.7% in Q1, owning approximately 48,003 shares worth $12.78 million at the end of the quarter.
• Severe modifications in holdings by institutional investors occurred, with companies like GAMMA Investing LLC increasing their stake by an astonishing 34,698.9%.
• F5 reported a 12.2% year-over-year revenue growth, with Q2 earnings per share of $4.16, exceeding estimates by $0.67.

Korea Investment CORP grew its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,003 shares of the network technology company's stock after purchasing an additional 5,406 shares during the quarter. Korea Investment CORP owned approximately 0.08% of F5 worth $12,782,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Advisory Group LLC acquired a new position in F5 during the first quarter worth about $469,000. Vestcor Inc boosted its holdings in F5 by 689.3% in the 1st quarter. Vestcor Inc now owns 7,364 shares of the network technology company's stock valued at $1,961,000 after purchasing an additional 6,431 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings 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 acquired a new position in F5 in the 1st quarter valued at about $240,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Wall Street Analyst Weigh In

FFIV has been the topic of several recent analyst reports. Needham & Company LLC boosted their target price on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Royal Bank Of Canada boosted their target price on F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Piper Sandler boosted their target price on F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, William Blair reissued an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $309.89.

F5 Stock Performance

Shares of NASDAQ:FFIV traded up $3.00 during trading hours on Friday, reaching $317.23. The stock had a trading volume of 312,590 shares, compared to its average volume of 567,091. F5, Inc. has a 1 year low of $197.09 and a 1 year high of $334.00. The firm's 50 day moving average is $303.52 and its 200-day moving average is $286.39. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 27.95, a P/E/G ratio of 3.66 and a beta of 1.03.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $0.67. The firm 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 company's revenue was up 12.2% on a year-over-year basis. During the same period last year, the firm posted $3.36 EPS. F5 has set its FY 2025 guidance at 15.240-15.380 EPS. Q4 2025 guidance at 3.870-3.990 EPS. Analysts forecast that F5, Inc. will post 11.2 EPS for the current year.

Insider Activity

In other F5 news, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the transaction, the director owned 4,376 shares in the company, valued at approximately $1,251,360.96. The trade was a 29.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $308.14, for a total transaction of $400,582.00. Following the sale, the chief executive officer owned 110,153 shares of the company's stock, valued at approximately $33,942,545.42. This trade represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,544 shares of company stock worth $3,862,333 over the last 90 days. 0.52% of the stock is owned by corporate insiders.

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.