VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in F5, Inc. $FFIV

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in F5, Inc. (NASDAQ:FFIV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 45,800 shares of the network technology company’s stock, valued at approximately $13,480,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.08% of F5 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in FFIV. GAMMA Investing LLC boosted its stake in F5 by 30.7% in the 1st quarter. GAMMA Investing LLC now owns 2,802 shares of the network technology company’s stock valued at $746,000 after purchasing an additional 658 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of F5 by 388.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 34,186 shares of the network technology company’s stock worth $9,103,000 after buying an additional 27,191 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of F5 by 72.6% in the first quarter. Exchange Traded Concepts LLC now owns 1,698 shares of the network technology company’s stock valued at $452,000 after acquiring an additional 714 shares during the period. State of Alaska Department of Revenue grew its stake in shares of F5 by 71.3% in the first quarter. State of Alaska Department of Revenue now owns 11,352 shares of the network technology company’s stock valued at $3,021,000 after acquiring an additional 4,725 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in F5 by 2.0% during the first quarter. Oppenheimer Asset Management Inc. now owns 5,095 shares of the network technology company’s stock worth $1,357,000 after acquiring an additional 102 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on FFIV. Needham & Company LLC increased their target price on shares of F5 from $320.00 to $345.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Piper Sandler boosted their price target on F5 from $304.00 to $355.00 and gave the company a “neutral” rating in a research note on Thursday, July 31st. Wall Street Zen downgraded F5 from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 3rd. Wolfe Research started coverage on F5 in a research report on Monday, July 7th. They set an “outperform” rating on the stock. Finally, Zacks Research downgraded F5 from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 13th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $314.33.

F5 Price Performance

NASDAQ FFIV opened at $300.90 on Monday. The business has a fifty day moving average price of $322.50 and a two-hundred day moving average price of $297.75. F5, Inc. has a fifty-two week low of $213.24 and a fifty-two week high of $346.00. The stock has a market capitalization of $17.29 billion, a PE ratio of 26.51, a PEG ratio of 3.30 and a beta of 1.06.

F5 (NASDAQ:FFIV) 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. F5 had a return on equity of 21.77% and a net margin of 22.06%.The firm had revenue of $780.37 million during the quarter, compared to analysts’ expectations of $750.64 million. During the same period in the prior year, the company earned $3.36 earnings per share. The company’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, sell-side analysts expect that F5, Inc. will post 11.2 earnings per share for the current year.

Insiders Place Their Bets

In other F5 news, EVP Chad Michael Whalen sold 5,297 shares of the company’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $322.24, for a total transaction of $1,706,905.28. Following the completion of the sale, the executive vice president directly owned 23,591 shares in the company, valued at $7,601,963.84. This represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lyra Amber Schramm sold 2,701 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $316.57, for a total value of $855,055.57. The disclosure for this sale can be found here. Insiders have sold 11,945 shares of company stock valued at $3,796,542 over the last ninety days. Company insiders own 0.52% of the company’s stock.

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.