Sumitomo Mitsui DS Asset Management Company Ltd Sells 430 Shares of F5, Inc. $FFIV

Sumitomo Mitsui DS Asset Management Company Ltd lowered its stake in F5, Inc. (NASDAQ:FFIV) by 5.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 7,344 shares of the network technology company’s stock after selling 430 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in F5 were worth $2,161,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Private Advisory Group LLC acquired a new stake in shares of F5 during the first quarter worth $469,000. Vestcor Inc lifted its position in shares of F5 by 689.3% during the first quarter. Vestcor Inc now owns 7,364 shares of the network technology company’s stock valued at $1,961,000 after purchasing an additional 6,431 shares in the last quarter. Golden State Wealth Management LLC raised its position in 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 period. Norden Group LLC bought a new stake in F5 in the first quarter worth about $234,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of F5 in the first quarter worth about $240,000. Institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on FFIV. Wolfe Research began coverage on shares of 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 shares of F5 from $285.00 to $305.00 and gave the stock a “neutral” rating in a report on Thursday, July 17th. Royal Bank Of Canada upped their price objective 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. Piper Sandler upped their target price on shares of F5 from $304.00 to $355.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC upped their target price 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. Three analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $309.89.

Insider Buying and Selling

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the business’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $308.14, for a total value of $400,582.00. Following the completion of the transaction, the chief executive officer directly owned 110,153 shares of the company’s stock, valued at $33,942,545.42. The trade was a 1.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Chad Michael Whalen sold 5,297 shares of F5 stock in a transaction 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 directly owned 23,591 shares of the company’s stock, valued at approximately $7,601,963.84. This represents a 18.34% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,945 shares of company stock valued at $3,762,365. 0.52% of the stock is owned by insiders.

F5 Price Performance

FFIV stock opened at $328.69 on Monday. The firm has a market capitalization 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. The business’s 50-day moving average is $313.70 and its two-hundred day moving average is $289.40. F5, Inc. has a 1 year low of $213.24 and a 1 year high of $337.39.

F5 (NASDAQ:FFIV) last issued its 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 business had revenue of $780.37 million for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company earned $3.36 EPS. 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.

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.