F5, Inc. $FFIV Shares Acquired by Wedge Capital Management L L P NC

Key Points

• Wedge Capital Management L L P NC increased its stake in F5, Inc. (NASDAQ: FFIV) by 0.8% in the second quarter, now holding approximately 1.1% of the company's portfolio.
• F5 reported earnings of $4.16 per share for the last quarter, exceeding the consensus estimate of $3.49, with revenue reaching $780.37 million.
• Analysts have raised their price targets for F5, with Needham & Company setting the highest at $345.00, indicating strong growth prospects for the stock.

Wedge Capital Management L L P NC boosted its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 0.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 204,971 shares of the network technology company's stock after acquiring an additional 1,622 shares during the period. F5 accounts for 1.1% of Wedge Capital Management L L P NC's portfolio, making the stock its 20th largest holding. Wedge Capital Management L L P NC owned approximately 0.36% of F5 worth $60,327,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Hotchkis & Wiley Capital Management LLC grew its stake in F5 by 6.2% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company's stock valued at $1,434,583,000 after acquiring an additional 312,415 shares in the last quarter. Northern Trust Corp grew its stake in shares of F5 by 15.5% in the 1st quarter. Northern Trust Corp now owns 1,054,701 shares of the network technology company's stock worth $280,835,000 after buying an additional 141,680 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of F5 by 24.0% in the 1st quarter. Acadian Asset Management LLC now owns 828,966 shares of the network technology company's stock worth $220,693,000 after buying an additional 160,708 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of F5 by 37.5% in the 1st quarter. AQR Capital Management LLC now owns 828,900 shares of the network technology company's stock worth $216,757,000 after buying an additional 226,231 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of F5 by 34,698.9% in the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after acquiring an additional 743,945 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Price Performance

NASDAQ:FFIV traded down $3.11 during trading hours on Friday, hitting $328.69. 1,276,679 shares of the company were exchanged, compared to its average volume of 428,241. The stock has a market capitalization of $18.88 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 3.79 and a beta of 1.08. F5, Inc. has a 52-week low of $213.24 and a 52-week high of $337.39. The company's 50 day moving average price is $313.70 and its 200-day moving average price is $289.40.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.67. The company 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%. F5's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. On average, equities analysts predict that F5, Inc. will post 11.2 earnings per share for the current year.

Insider Activity at F5

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were 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. The trade was a 1.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lyra Amber Schramm sold 2,701 shares of F5 stock in a transaction that occurred 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. Insiders sold a total of 11,945 shares of company stock worth $3,762,365 in the last quarter. 0.52% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on FFIV. Wolfe Research began coverage on shares of F5 in a report on Monday, July 7th. They issued an "outperform" rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of 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 boosted their price target on shares of F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a report on Thursday, July 31st. Morgan Stanley boosted their price target on shares of F5 from $305.00 to $312.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Barclays boosted their price target 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. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $309.89.

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.