Panagora Asset Management Inc. lowered its position in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 66.7% during the fourth quarter, Holdings Channel reports. The firm owned 150,523 shares of the network technology company’s stock after selling 301,460 shares during the quarter. Panagora Asset Management Inc.’s holdings in F5 were worth $38,423,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC grew its holdings in shares of F5 by 51.7% during the third quarter. Barclays PLC now owns 310,368 shares of the network technology company’s stock worth $100,308,000 after buying an additional 105,738 shares during the last quarter. Norges Bank acquired a new position in F5 in the 4th quarter valued at about $205,706,000. Alberta Investment Management Corp increased its position in F5 by 173.3% in the 3rd quarter. Alberta Investment Management Corp now owns 8,200 shares of the network technology company’s stock valued at $2,650,000 after acquiring an additional 5,200 shares during the period. JPMorgan Chase & Co. increased its position in F5 by 11.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 381,350 shares of the network technology company’s stock valued at $123,249,000 after acquiring an additional 39,445 shares during the period. Finally, HighTower Advisors LLC acquired a new position in F5 in the 3rd quarter valued at about $1,571,000. Institutional investors and hedge funds own 90.66% of the company’s stock.
Analysts Set New Price Targets
FFIV has been the topic of several recent research reports. Piper Sandler boosted their price target on F5 from $356.00 to $423.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. boosted their price target on F5 from $355.00 to $365.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded F5 from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 30th. Royal Bank Of Canada boosted their price target on F5 from $425.00 to $450.00 and gave the company an “outperform” rating in a research report on Tuesday, June 9th. Finally, Evercore upgraded F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price target on the stock in a research report on Monday, May 18th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $382.67.
F5 Trading Up 0.2%
Shares of FFIV opened at $396.81 on Tuesday. F5, Inc. has a twelve month low of $223.76 and a twelve month high of $411.52. The stock’s 50 day moving average is $350.93 and its two-hundred day moving average is $298.96. The firm has a market capitalization of $22.39 billion, a PE ratio of 32.55, a P/E/G ratio of 4.65 and a beta of 1.04.
F5 (NASDAQ:FFIV – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The network technology company reported $3.90 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.43. F5 had a return on equity of 21.50% and a net margin of 21.96%.The company had revenue of $811.70 million for the quarter, compared to analyst estimates of $783.82 million. During the same quarter in the previous year, the company earned $3.42 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. F5 has set its Q3 2026 guidance at 3.910-4.030 EPS and its FY 2026 guidance at 16.250-16.550 EPS. On average, sell-side analysts predict that F5, Inc. will post 12.78 EPS for the current year.
Insider Buying and Selling at F5
In other news, EVP Chad Michael Whalen sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $350.19, for a total transaction of $2,171,178.00. Following the sale, the executive vice president owned 20,832 shares of the company’s stock, valued at $7,295,158.08. The trade was a 22.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Edward Cooper Werner sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $400.00, for a total value of $1,000,000.00. Following the sale, the chief financial officer directly owned 406 shares in the company, valued at $162,400. This trade represents a 86.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 22,579 shares of company stock worth $7,836,860. Corporate insiders own 0.48% of the company’s stock.
F5 Profile
F5 Inc (NASDAQ:FFIV) specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company’s core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.
At the heart of F5’s product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.
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