NorthCrest Asset Manangement LLC Increases Position in F5, Inc. $FFIV

NorthCrest Asset Manangement LLC boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 4.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,598 shares of the network technology company’s stock after acquiring an additional 137 shares during the period. NorthCrest Asset Manangement LLC’s holdings in F5 were worth $1,080,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Private Advisory Group LLC purchased a new stake in shares of F5 in the 1st quarter valued at approximately $469,000. Vestcor Inc boosted its position in shares of F5 by 689.3% during the 1st quarter. Vestcor Inc now owns 7,364 shares of the network technology company’s stock worth $1,961,000 after purchasing an additional 6,431 shares during the period. Golden State Wealth Management LLC boosted its position in shares of F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock worth $28,000 after purchasing an additional 77 shares during the period. Norden Group LLC purchased a new position in shares of F5 during the 1st quarter worth approximately $234,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of F5 during the 1st quarter worth approximately $240,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Trading Down 0.9%

Shares of FFIV opened at $328.69 on Friday. F5, Inc. has a twelve month low of $213.24 and a twelve month high of $337.39. The firm’s fifty day simple moving average is $313.70 and its 200-day simple moving average is $289.26. The firm has a market capitalization of $18.88 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 3.83 and a beta of 1.08.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.67. F5 had a net margin of 22.06% and a return on equity of 21.77%. The business had revenue of $780.37 million for the quarter, compared to analyst estimates of $750.64 million. During the same period last year, the business earned $3.36 EPS. The company’s 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. On average, analysts predict that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FFIV. Needham & Company LLC increased their price objective 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. Wolfe Research began coverage on shares of F5 in a research report on Monday, July 7th. They set an “outperform” rating for the company. Barclays increased their price objective on shares of F5 from $274.00 to $321.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of F5 from $285.00 to $305.00 and gave the stock a “neutral” rating in a research report on Thursday, July 17th. Finally, Royal Bank Of Canada increased their price objective on shares of F5 from $314.00 to $326.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 31st. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, F5 has an average rating of “Hold” and an average price target of $309.89.

Insider Activity at F5

In related news, EVP Thomas Dean Fountain sold 1,347 shares of F5 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 $6,411,101.27. This trade represents a 6.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction on Friday, August 1st. The stock was sold at an average price of $308.14, for a total transaction of $400,582.00. Following the sale, the chief executive officer owned 110,153 shares in the company, valued at $33,942,545.42. This represents a 1.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,945 shares of company stock valued at $3,762,365 over the last quarter. 0.52% of the stock is owned by insiders.

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.