Sumitomo Mitsui Trust Group Inc. Sells 3,080 Shares of F5, Inc. $FFIV

Sumitomo Mitsui Trust Group Inc. lowered its stake in F5, Inc. (NASDAQ:FFIV) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 142,338 shares of the network technology company’s stock after selling 3,080 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of F5 worth $41,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of F5 by 134.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of F5 by 275.0% in the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock worth $28,000 after acquiring an additional 77 shares during the last quarter. Groupe la Francaise bought a new position in shares of F5 in the first quarter worth about $34,000. Flaharty Asset Management LLC acquired a new position in shares of F5 in the first quarter valued at approximately $35,000. Finally, Geneos Wealth Management Inc. increased its stake in shares of F5 by 288.1% in the first quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock valued at $43,000 after buying an additional 121 shares during the period. Institutional investors own 90.66% of the company’s stock.

F5 Stock Down 2.7%

Shares of FFIV opened at $290.41 on Tuesday. F5, Inc. has a 12-month low of $216.16 and a 12-month high of $346.00. The business’s fifty day moving average is $319.77 and its 200 day moving average is $299.78. The stock has a market cap of $16.68 billion, a P/E ratio of 25.59, a P/E/G ratio of 3.28 and a beta of 1.06.

F5 (NASDAQ:FFIV) last issued its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.49 by $0.67. F5 had a return on equity of 21.77% and a net margin of 22.06%.The company had revenue of $780.37 million for the quarter, compared to analysts’ expectations of $750.64 million. During the same period last year, the business earned $3.36 EPS. F5’s quarterly revenue was up 12.2% compared to the same quarter last year. 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 expect that F5, Inc. will post 11.2 EPS for the current year.

Insider Transactions at F5

In related news, EVP Chad Michael Whalen sold 5,297 shares of the 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 directly owned 23,591 shares in the company, valued at $7,601,963.84. This trade represents a 18.34% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $309.73, for a total value of $417,206.31. Following the completion of the transaction, the executive vice president owned 20,699 shares in the company, valued at approximately $6,411,101.27. This represents a 6.11% 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 $3,796,542 in the last 90 days. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F5 in a research note on Wednesday, October 8th. Wall Street Zen downgraded F5 from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 3rd. Wolfe Research assumed coverage on F5 in a research note on Monday, July 7th. They issued an “outperform” rating for the company. JPMorgan Chase & Co. upped their price objective on F5 from $285.00 to $305.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Piper Sandler increased their target price on shares of F5 from $304.00 to $355.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, F5 presently has an average rating of “Hold” and an average price target of $314.33.

F5 Profile

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.