F5, Inc. $FFIV Stake Decreased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 6.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 19,430 shares of the network technology company’s stock after selling 1,415 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in F5 were worth $5,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. CNB Bank bought a new stake in shares of F5 during the second quarter valued at approximately $49,000. Asset Management One Co. Ltd. raised its holdings in shares of F5 by 12.8% during the second quarter. Asset Management One Co. Ltd. now owns 38,550 shares of the network technology company’s stock valued at $11,346,000 after buying an additional 4,373 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of F5 by 5.4% during the second quarter. Forum Financial Management LP now owns 1,540 shares of the network technology company’s stock valued at $453,000 after buying an additional 79 shares during the last quarter. Ethic Inc. raised its holdings in shares of F5 by 0.5% during the second quarter. Ethic Inc. now owns 9,849 shares of the network technology company’s stock valued at $2,913,000 after buying an additional 46 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of F5 by 14.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 65,826 shares of the network technology company’s stock valued at $19,457,000 after buying an additional 8,465 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Stock Performance

NASDAQ FFIV opened at $298.34 on Monday. The stock has a market capitalization of $17.14 billion, a P/E ratio of 26.29, a P/E/G ratio of 3.28 and a beta of 1.06. F5, Inc. has a 1 year low of $214.10 and a 1 year high of $346.00. The business’s fifty day moving average is $320.29 and its two-hundred day moving average is $299.59.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share (EPS) for the quarter, beating 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 firm’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. On average, research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current year.

Insider Buying and Selling

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 value of $1,706,905.28. Following the transaction, the executive vice president owned 23,591 shares of the company’s stock, valued at approximately $7,601,963.84. This represents a 18.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Dean Fountain sold 1,347 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $309.73, for a total transaction of $417,206.31. Following the sale, the executive vice president directly owned 20,699 shares in the company, valued at approximately $6,411,101.27. This trade represents a 6.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,945 shares of company stock worth $3,796,542 over the last three months. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on FFIV shares. Barclays boosted their target price on F5 from $274.00 to $321.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Wall Street Zen cut F5 from a “strong-buy” rating to a “buy” rating in a report on Friday, October 3rd. Piper Sandler boosted their target price on F5 from $304.00 to $355.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Zacks Research cut F5 from a “strong-buy” rating to a “hold” rating in a report on Monday, October 13th. Finally, Morgan Stanley boosted their target price on F5 from $312.00 to $352.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $314.33.

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.