OLD National Bancorp IN Takes $405,000 Position in F5, Inc. $FFIV

OLD National Bancorp IN purchased a new position in F5, Inc. (NASDAQ:FFIV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,375 shares of the network technology company's stock, valued at approximately $405,000.

A number of other hedge funds also recently bought and sold shares of the business. Berger Financial Group Inc boosted its holdings in shares of F5 by 0.6% during the 2nd quarter. Berger Financial Group Inc now owns 21,809 shares of the network technology company's stock worth $6,419,000 after purchasing an additional 134 shares during the last quarter. QRG Capital Management Inc. boosted its stake in F5 by 2.5% during the second quarter. QRG Capital Management Inc. now owns 4,693 shares of the network technology company's stock worth $1,381,000 after buying an additional 113 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management purchased a new stake in F5 in the 2nd quarter valued at $235,000. Synergy Asset Management LLC increased its stake in shares of F5 by 26.2% in the 2nd quarter. Synergy Asset Management LLC now owns 1,403 shares of the network technology company's stock worth $413,000 after acquiring an additional 291 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of F5 by 10.9% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,974 shares of the network technology company's stock worth $4,113,000 after acquiring an additional 1,376 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Buying and Selling at F5

In related news, EVP Thomas Dean Fountain sold 1,347 shares of F5 stock in a transaction that occurred on Monday, August 4th. The shares were 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 owned 20,699 shares in the company, valued at approximately $6,411,101.27. The trade was a 6.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lyra Amber Schramm sold 2,701 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $316.57, for a total transaction of $855,055.57. The disclosure for this sale can be found here. In the last three months, insiders sold 11,945 shares of company stock worth $3,796,542. 0.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on FFIV shares. Wolfe Research started coverage on shares of F5 in a report on Monday, July 7th. They issued an "outperform" rating for the company. Weiss Ratings restated a "buy (b)" rating on shares of F5 in a report on Saturday, September 27th. JPMorgan Chase & Co. upped their price objective on F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a report on Thursday, July 17th. Royal Bank Of Canada raised their target price on F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley lifted their target price on F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Four analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, F5 currently has an average rating of "Hold" and a consensus target price of $309.89.

F5 Stock Up 0.5%

FFIV opened at $330.76 on Wednesday. F5, Inc. has a 52 week low of $213.24 and a 52 week high of $337.39. The business has a fifty day simple moving average of $320.34 and a 200-day simple moving average of $294.20. The firm has a market cap of $19.00 billion, a P/E ratio of 29.14, a P/E/G ratio of 3.61 and a beta of 1.06.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.67. F5 had a return on equity of 21.77% and a net margin of 22.06%.The firm had revenue of $780.37 million for the quarter, compared to analyst estimates of $750.64 million. During the same quarter in the prior year, the company earned $3.36 EPS. F5'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. Sell-side analysts expect that F5, Inc. will post 11.2 earnings per share 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.

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