Otter Creek Advisors LLC Decreases Holdings in F5, Inc. $FFIV

Key Points

• Otter Creek Advisors LLC has reduced its stake in F5, Inc. by 21.6%, resulting in ownership of 15,404 shares valued at approximately $4.53 million, ranking F5 as its 8th largest holding.
• F5, Inc. reported better-than-expected quarterly earnings with $4.16 earnings per share, surpassing analyst estimates and showing a 12.2% revenue increase year-over-year.
• Various institutional investors modified their positions in F5, with notable increases from Allianz Asset Management (up 253.5%) and Ritholtz Wealth Management (up 82.3%) during the same period.

Otter Creek Advisors LLC trimmed its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 21.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,404 shares of the network technology company's stock after selling 4,246 shares during the quarter. F5 accounts for 3.2% of Otter Creek Advisors LLC's holdings, making the stock its 8th largest holding. Otter Creek Advisors LLC's holdings in F5 were worth $4,534,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Chevy Chase Trust Holdings LLC grew its stake in shares of F5 by 0.3% during the second quarter. Chevy Chase Trust Holdings LLC now owns 30,335 shares of the network technology company's stock worth $8,928,000 after buying an additional 98 shares during the last quarter. Tower Wealth Partners Inc. acquired a new position in shares of F5 during the second quarter worth $225,000. Allianz Asset Management GmbH lifted its holdings in shares of F5 by 253.5% during the second quarter. Allianz Asset Management GmbH now owns 84,885 shares of the network technology company's stock worth $24,983,000 after purchasing an additional 60,874 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of F5 by 82.3% during the second quarter. Ritholtz Wealth Management now owns 5,808 shares of the network technology company's stock worth $1,709,000 after purchasing an additional 2,622 shares during the period. Finally, Boston Trust Walden Corp lifted its holdings in shares of F5 by 7.8% during the second quarter. Boston Trust Walden Corp now owns 210,036 shares of the network technology company's stock worth $61,818,000 after purchasing an additional 15,189 shares during the period. Institutional investors own 90.66% of the company's stock.

F5 Trading Up 1.9%

FFIV opened at $300.90 on Friday. F5, Inc. has a 1-year low of $213.24 and a 1-year high of $346.00. The company has a market cap of $17.29 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 3.24 and a beta of 1.06. The company has a fifty day moving average price of $322.50 and a two-hundred day moving average price of $297.25.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly 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. F5 had a net margin of 22.06% and a return on equity of 21.77%. The firm had revenue of $780.37 million during the quarter, compared to the consensus estimate of $750.64 million. During the same period in the previous year, the firm posted $3.36 earnings per share. The business's revenue was up 12.2% compared to the same quarter last year. F5 has set its FY 2025 guidance at 15.240-15.380 EPS. Q4 2025 guidance at 3.870-3.990 EPS. On average, research analysts forecast that F5, Inc. will post 11.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a report on Thursday, July 31st. Barclays boosted their target price on shares of F5 from $274.00 to $321.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. 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 report on Thursday, July 17th. Piper Sandler boosted their target price on shares of F5 from $304.00 to $355.00 and gave the company a "neutral" rating in a report on Thursday, July 31st. Finally, 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. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $314.33.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $320.61, for a total value of $416,793.00. Following the completion of the sale, the chief executive officer directly owned 107,553 shares of the company's stock, valued at approximately $34,482,567.33. The trade was a 1.19% decrease in their ownership of the stock. The transaction 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 F5 stock in a transaction on Monday, September 8th. The shares were 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 ninety days, insiders sold 11,945 shares of company stock valued at $3,796,542. 0.52% of the stock is currently owned by company insiders.

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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