Oak Harvest Investment Services Has $4.28 Million Position in F5, Inc. $FFIV

Key Points

• Oak Harvest Investment Services increased its stake in F5, Inc. by 15.9%, acquiring 2,208 shares, bringing its total holdings to 16,065 shares valued at approximately $4.28 million.
• F5, Inc. reported a quarterly earnings of $4.16 per share, surpassing estimates and revealing a revenue of $780.37 million, representing a year-over-year growth of 12.2%.
• Several institutional investors have also adjusted their holdings in F5, with a notable purchase by GAMMA Investing LLC increasing their share count by an astounding 34,698.9% during the first quarter.

Oak Harvest Investment Services increased its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 15.9% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,065 shares of the network technology company's stock after acquiring an additional 2,208 shares during the quarter. Oak Harvest Investment Services' holdings in F5 were worth $4,278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FFIV. Private Advisory Group LLC acquired a new stake in F5 during the 1st quarter worth about $469,000. Vestcor Inc raised 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 valued at $1,961,000 after acquiring an additional 6,431 shares during the period. Golden State Wealth Management LLC lifted its position in shares of 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 acquiring an additional 77 shares in the last quarter. Norden Group LLC purchased a new stake in shares of F5 in the 1st quarter valued at approximately $234,000. Finally, OneDigital Investment Advisors LLC acquired a new position in F5 in the 1st quarter worth approximately $240,000. 90.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on FFIV shares. JPMorgan Chase & Co. boosted their target price on shares of F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a research note on Thursday, July 17th. Morgan Stanley upped their price target on F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Royal Bank Of Canada upped their price target 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 upped their price target on F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a research report on Thursday, July 31st. Finally, Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $309.89.

F5 Stock Up 0.7%

FFIV stock traded up $2.17 during trading hours on Wednesday, hitting $317.74. The company's stock had a trading volume of 249,634 shares, compared to its average volume of 572,547. The company has a market capitalization of $18.25 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 3.64 and a beta of 1.03. F5, Inc. has a 12 month low of $197.34 and a 12 month high of $334.00. The stock has a 50 day moving average price of $304.56 and a two-hundred day moving average price of $286.65.

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, topping the consensus estimate of $3.49 by $0.67. The company had revenue of $780.37 million during 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 for the quarter was up 12.2% compared to the same quarter last year. During the same period in the previous 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. Sell-side analysts expect that F5, Inc. will post 11.2 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Chad Michael Whalen sold 5,297 shares of F5 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 of the company's stock, valued at $7,601,963.84. This trade represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Elizabeth Buse sold 1,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the sale, the director directly owned 5,013 shares in the company, valued at approximately $1,471,465.89. This represents a 23.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,744 shares of company stock worth $3,347,605. 0.52% of the stock is currently owned by company 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.