3,617 Shares in F5, Inc. $FFIV Acquired by Summit Global Investments

Summit Global Investments purchased a new position in shares of F5, Inc. (NASDAQ:FFIV) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,617 shares of the network technology company’s stock, valued at approximately $1,610,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. MGO One Seven LLC boosted its holdings in shares of F5 by 2.6% in the 3rd quarter. MGO One Seven LLC now owns 2,056 shares of the network technology company’s stock worth $915,000 after buying an additional 53 shares during the last quarter. Americana Partners LLC purchased a new stake in F5 during the third quarter worth about $262,000. Arta Finance Wealth Management LLC purchased a new stake in F5 during the third quarter worth about $235,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in F5 by 342.3% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 13,800 shares of the network technology company’s stock worth $6,143,000 after acquiring an additional 10,680 shares during the period. Finally, Parcion Private Wealth LLC bought a new stake in F5 in the third quarter worth about $400,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insider Buying and Selling

In related news, insider John Maddison sold 204 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $406.24, for a total transaction of $82,872.96. Following the sale, the insider directly owned 1,149 shares in the company, valued at approximately $466,769.76. The trade was a 15.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Michael F. Montoya sold 4,426 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $410.16, for a total value of $1,815,368.16. Following the sale, the chief technology officer directly owned 1,309 shares in the company, valued at $536,899.44. This trade represents a 77.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,620 shares of company stock valued at $3,958,962 over the last three months. Insiders own 0.48% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on FFIV. Piper Sandler cut shares of F5 from an “overweight” rating to a “neutral” rating and set a $461.00 target price on the stock. in a research note on Wednesday, October 28th. Royal Bank Of Canada lifted their price target on shares of F5 from $525.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday, October 28th. JPMorgan Chase & Co. upped their price objective on F5 from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Morgan Stanley upped their price objective on F5 from $415.00 to $448.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. Finally, Wolfe Research lowered F5 from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Four investment 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. According to data from MarketBeat.com, F5 currently has a consensus rating of “Hold” and an average target price of $443.00.

F5 Price Performance

FFIV opened at $338.34 on Monday. The company has a market capitalization of $19.16 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 3.00 and a beta of 1.08. The company has a quick ratio of 1.59, a current ratio of 1.73 and a debt-to-equity ratio of 0.23. The firm has a 50-day moving average price of $428.63 and a 200-day moving average price of $362.68. F5, Inc. has a twelve month low of $223.76 and a twelve month high of $483.30.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Tuesday, October 27th. The network technology company reported $4.42 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.16. The company had revenue of $917.43 million for the quarter, compared to analysts’ expectations of $884.03 million. F5 had a net margin of 21.14% and a return on equity of 21.00%. F5’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $4.39 EPS. Equities analysts expect that F5, Inc. will post 14.19 EPS for the current year.

F5 announced that its Board of Directors has authorized a stock buyback plan on Tuesday, October 27th that authorizes the company to buy back $1.50 billion in shares. This buyback authorization authorizes the network technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its stock is undervalued.

Key F5 News

Here are the key news stories impacting F5 this week:

• Positive Sentiment: F5 authorized an additional $1.5 billion share repurchase program, bringing total available buyback capacity to approximately $1.8 billion, or about 9% of its market value. The authorization could support earnings per share and provide demand for the stock following its sell-off. Share Buyback Program Announced by F5
• Positive Sentiment: F5 reported fiscal fourth-quarter revenue of approximately $917 million and adjusted earnings of $4.42 per share, exceeding analyst expectations. AI-related bookings surpassed $100 million and increased roughly 300% year over year, indicating continued demand for AI data-delivery solutions. F5 Beat on Revenue and Still Dropped
• Positive Sentiment: Technical analysts say the stock is now oversold after its recent decline, while upward earnings-estimate revisions could support a potential trend reversal. Morgan Stanley, Barclays and RBC also raised their price targets or maintained a constructive outlook. F5 May See a Trend Reversal
• Positive Sentiment: F5 and Oracle announced a collaboration focused on strengthening application security for AI-era workloads, potentially improving F5’s enterprise and cloud-security opportunities. F5 and Oracle Collaborate

F5 Company Profile

F5, Inc (NASDAQ: FFIV) provides application delivery, security and traffic management solutions for enterprises, service providers and public-sector organizations. Its offerings are designed to help customers secure, optimize and manage applications and application programming interfaces (APIs) across data centers, private and public clouds, and edge environments.

The company’s portfolio includes BIG-IP software and appliances, NGINX application delivery and web server technologies, and F5 Distributed Cloud services.