F5, Inc. $FFIV Shares Sold by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. has significantly reduced its stake in F5, Inc., selling 8,675 shares and decreasing its position by 80.3%, leaving it with 2,129 shares valued at $567,000.
• Institutional investors own 90.66% of F5's stock, with notable increases in positions by several firms, including a 194.7% growth by Benjamin Edwards Inc. in the 4th quarter.
• Analysts are optimistic about F5's prospects, with several raising target prices; Needham & Company set a new target of $345.00 and the consensus price target stands at $309.89.

Maverick Capital Ltd. trimmed its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 80.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,129 shares of the network technology company's stock after selling 8,675 shares during the period. Maverick Capital Ltd.'s holdings in F5 were worth $567,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Colonial Trust Co SC increased its holdings in shares of F5 by 5.2% during the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock valued at $172,000 after purchasing an additional 34 shares in the last quarter. Spire Wealth Management grew its position 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 buying an additional 48 shares during the period. Horizon Investments LLC raised its position in shares of F5 by 6.3% in the first quarter. Horizon Investments LLC now owns 845 shares of the network technology company's stock worth $225,000 after acquiring an additional 50 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of F5 by 0.4% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,210 shares of the network technology company's stock worth $2,985,000 after acquiring an additional 50 shares in the last quarter. Finally, Oliver Luxxe Assets LLC grew its position in shares of F5 by 4.6% during the 1st quarter. Oliver Luxxe Assets LLC now owns 1,298 shares of the network technology company's stock valued at $346,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors own 90.66% of the company's stock.

Insiders Place Their Bets

In other F5 news, Director Elizabeth Buse sold 1,500 shares of F5 stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total transaction of $440,295.00. Following the completion of the sale, the director directly owned 5,013 shares of the company's stock, valued at $1,471,465.89. The trade was a 23.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Chad Michael Whalen sold 5,297 shares of the business's stock in a transaction that occurred on Monday, August 11th. The stock was 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 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. Insiders have sold 10,744 shares of company stock valued at $3,347,605 in the last three months. Corporate insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FFIV. JPMorgan Chase & Co. upped their price target on F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a report on Thursday, July 17th. Morgan Stanley boosted their price target on shares of F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Wolfe Research started coverage on shares of F5 in a research note on Monday, July 7th. They set an "outperform" rating for the company. Finally, Barclays boosted their price objective on F5 from $274.00 to $321.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $309.89.

F5 Trading Up 0.5%

FFIV traded up $1.54 on Friday, hitting $315.89. 310,965 shares of the company were exchanged, compared to its average volume of 537,039. F5, Inc. has a twelve month low of $197.34 and a twelve month high of $334.00. The firm has a 50-day moving average price of $307.72 and a two-hundred day moving average price of $286.98. The company has a market cap of $18.15 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 3.57 and a beta of 1.08.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, topping the consensus estimate of $3.49 by $0.67. F5 had a net margin of 22.06% and a return on equity of 21.77%. The company had revenue of $780.37 million during the quarter, compared to analysts' expectations of $750.64 million. During the same quarter in the previous year, the business posted $3.36 EPS. The firm's revenue was up 12.2% on a year-over-year basis. F5 has set its FY 2025 guidance at 15.240-15.380 EPS. Q4 2025 guidance at 3.870-3.990 EPS. Equities analysts expect that F5, Inc. will post 11.2 EPS for the current year.

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.