KLP Kapitalforvaltning AS Has $35.42 Million Holdings in F5, Inc. $FFIV

KLP Kapitalforvaltning AS boosted its stake in F5, Inc. (NASDAQ:FFIV) by 6.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,334 shares of the network technology company’s stock after purchasing an additional 7,800 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in F5 were worth $35,417,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. raised its stake in F5 by 2.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,805 shares of the network technology company’s stock valued at $481,000 after purchasing an additional 44 shares in the last quarter. Signaturefd LLC raised its stake in F5 by 2.6% during the second quarter. Signaturefd LLC now owns 1,834 shares of the network technology company’s stock worth $540,000 after acquiring an additional 46 shares in the last quarter. Spire Wealth Management raised its stake in F5 by 11.9% during the first quarter. Spire Wealth Management now owns 451 shares of the network technology company’s stock worth $120,000 after acquiring an additional 48 shares in the last quarter. Horizon Investments LLC raised its stake in F5 by 6.3% during the first quarter. Horizon Investments LLC now owns 845 shares of the network technology company’s stock worth $225,000 after acquiring an additional 50 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in F5 by 0.4% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,210 shares of the network technology company’s stock worth $2,985,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Insider Buying and Selling

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $320.61, for a total value of $416,793.00. Following the sale, the chief executive officer directly owned 107,553 shares in the company, valued at $34,482,567.33. This represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Chad Michael Whalen sold 5,297 shares of the company’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $322.24, for a total value of $1,706,905.28. Following the completion of the sale, the executive vice president owned 23,591 shares in the company, valued at $7,601,963.84. The trade was a 18.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,945 shares of company stock valued at $3,796,542. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on FFIV. Piper Sandler boosted their target price on F5 from $304.00 to $355.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Needham & Company LLC boosted their target price on F5 from $320.00 to $345.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Wolfe Research began coverage on F5 in a research note on Monday, July 7th. They set an “outperform” rating for the company. JPMorgan Chase & Co. boosted their target price on F5 from $285.00 to $305.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of F5 in a research note on Saturday, September 27th. 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 stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $309.89.

F5 Trading Up 0.5%

NASDAQ:FFIV opened at $330.76 on Wednesday. The stock has a market cap of $19.00 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 3.61 and a beta of 1.06. The stock’s 50-day moving average is $320.34 and its 200-day moving average is $294.20. F5, Inc. has a 1-year low of $213.24 and a 1-year high of $337.39.

F5 (NASDAQ:FFIV) last released its quarterly 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 analysts’ expectations of $750.64 million. F5 had a return on equity of 21.77% and a net margin of 22.06%.The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $3.36 earnings per share. 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 analysts forecast that F5, Inc. will post 11.2 EPS for the current year.

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.