Pallas Capital Advisors LLC Sells 597 Shares of F5, Inc. $FFIV

Pallas Capital Advisors LLC cut its stake in shares of F5, Inc. (NASDAQ:FFIV) by 36.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,043 shares of the network technology company’s stock after selling 597 shares during the quarter. Pallas Capital Advisors LLC’s holdings in F5 were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of F5 by 2.5% during the 1st 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 during the last quarter. Spire Wealth Management grew its holdings in shares of F5 by 11.9% during the 1st quarter. Spire Wealth Management now owns 451 shares of the network technology company’s stock valued at $120,000 after purchasing an additional 48 shares during the last quarter. Horizon Investments LLC grew its holdings in shares of F5 by 6.3% during the 1st quarter. Horizon Investments LLC now owns 845 shares of the network technology company’s stock valued at $225,000 after purchasing an additional 50 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of F5 by 0.4% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 11,210 shares of the network technology company’s stock valued at $2,985,000 after purchasing an additional 50 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its holdings in shares of F5 by 4.6% during the 1st quarter. Oliver Luxxe Assets LLC now owns 1,298 shares of the network technology company’s stock valued at $346,000 after purchasing an additional 57 shares during the last quarter. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FFIV. JPMorgan Chase & Co. lifted their price target on shares of F5 from $285.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Royal Bank Of Canada boosted their target price on shares of F5 from $314.00 to $326.00 and gave the stock a “sector perform” rating in a report on Thursday, July 31st. Needham & Company LLC boosted their target price on shares of F5 from $320.00 to $345.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Morgan Stanley boosted their target price on shares of F5 from $305.00 to $312.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Finally, Wolfe Research assumed coverage on shares of F5 in a report on Monday, July 7th. They set an “outperform” rating on the stock. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $309.89.

F5 Price Performance

Shares of FFIV stock opened at $328.69 on Monday. The firm has a 50-day moving average of $313.70 and a 200-day moving average of $289.40. The company has a market cap of $18.88 billion, a P/E ratio of 28.96, a P/E/G ratio of 3.79 and a beta of 1.08. F5, Inc. has a one year low of $213.24 and a one year high of $337.39.

F5 (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, beating the consensus estimate of $3.49 by $0.67. The company had revenue of $780.37 million during the quarter, compared to the consensus estimate of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. The firm’s revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company 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, research analysts expect that F5, Inc. will post 11.2 earnings per share for the current fiscal year.

Insider Activity at F5

In related news, EVP Thomas Dean Fountain sold 1,347 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $309.73, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $308.14, for a total transaction of $400,582.00. Following the transaction, the chief executive officer owned 110,153 shares of the company’s stock, valued at approximately $33,942,545.42. The trade was a 1.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,945 shares of company stock worth $3,762,365 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

F5 Company 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.