Wellington Management Group LLP Cuts Position in F5, Inc. $FFIV

Key Points

• Wellington Management Group LLP reduced its holdings in F5, Inc. by 31.4%, selling 230,194 shares, and now owns approximately 0.88% of the company.
• Several institutional investors significantly increased their stakes in F5 during the first quarter, with GAMMA Investing LLC raising its holdings by an extraordinary 34,698.9%.
• F5's latest quarterly earnings exceeded expectations, reporting $4.16 earnings per share against estimates of $3.49, accompanied by a 12.2% year-over-year revenue growth.

Wellington Management Group LLP cut its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 31.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 503,440 shares of the network technology company's stock after selling 230,194 shares during the period. Wellington Management Group LLP owned about 0.88% of F5 worth $134,051,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC increased its stake in shares of F5 by 34,698.9% during the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock valued at $198,661,000 after buying an additional 743,945 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of F5 by 110.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock worth $149,242,000 after acquiring an additional 294,050 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of F5 by 659.3% during the first quarter. Pacer Advisors Inc. now owns 316,992 shares of the network technology company's stock valued at $84,405,000 after acquiring an additional 275,244 shares in the last quarter. Northern Trust Corp increased its holdings in shares of F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock valued at $229,597,000 after acquiring an additional 251,534 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of F5 by 400.3% in the 4th quarter. Voya Investment Management LLC now owns 220,291 shares of the network technology company's stock valued at $55,397,000 after purchasing an additional 176,260 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael L. Dreyer sold 1,800 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total transaction of $514,728.00. Following the sale, the director owned 4,376 shares of the company's stock, valued at approximately $1,251,360.96. This trade represents a 29.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Elizabeth Buse sold 1,500 shares of F5 stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total value of $440,295.00. Following the transaction, the director directly owned 5,013 shares in the company, valued at approximately $1,471,465.89. This trade represents a 23.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,544 shares of company stock valued at $3,862,333. 0.52% of the stock is owned by company insiders.

F5 Stock Down 0.5%

Shares of NASDAQ FFIV opened at $314.23 on Friday. The firm has a 50-day simple moving average of $302.90 and a 200-day simple moving average of $286.53. F5, Inc. has a 52 week low of $195.44 and a 52 week high of $334.00. The stock has a market capitalization of $18.05 billion, a price-to-earnings ratio of 27.69, a price-to-earnings-growth ratio of 3.64 and a beta of 1.03.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $750.64 million. During the same quarter in the prior year, the firm posted $3.36 earnings per share. F5's quarterly 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. As a group, equities research analysts expect that F5, Inc. will post 11.2 EPS for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Needham & Company LLC boosted their price objective on shares of F5 from $320.00 to $345.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen downgraded F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Morgan Stanley raised their target price on F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price target on F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a research note on Thursday, July 31st. Three 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's stock. Based on data from MarketBeat.com, F5 currently has an average rating of "Hold" and an average price target of $309.89.

F5 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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