Fifth Third Bancorp Sells 409 Shares of F5, Inc. $FFIV

Fifth Third Bancorp reduced its position in F5, Inc. (NASDAQ:FFIV) by 15.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,240 shares of the network technology company’s stock after selling 409 shares during the period. Fifth Third Bancorp’s holdings in F5 were worth $659,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of FFIV. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in shares of F5 by 134.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock worth $27,000 after purchasing an additional 59 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of F5 by 275.0% in 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 in the last quarter. Groupe la Francaise bought a new position in shares of F5 in the 1st quarter worth $34,000. Flaharty Asset Management LLC bought a new position in shares of F5 in the 1st quarter worth $35,000. Finally, Geneos Wealth Management Inc. raised its position in F5 by 288.1% in the 1st 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 last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Morgan Stanley increased their price target on F5 from $305.00 to $312.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Piper Sandler increased their price target on F5 from $304.00 to $355.00 and gave the company a “neutral” rating in a research report on Thursday, July 31st. Royal Bank Of Canada increased their price target on F5 from $314.00 to $326.00 and gave the company a “sector perform” rating in a research report on Thursday, July 31st. Wolfe Research assumed coverage on F5 in a research report on Monday, July 7th. They issued an “outperform” rating for the company. Finally, Barclays increased their price target on F5 from $274.00 to $321.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. 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 company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $309.89.

Insiders Place Their Bets

In related news, insider Lyra Amber Schramm sold 2,701 shares of F5 stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $316.57, for a total transaction of $855,055.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, 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 sale, the chief executive officer directly owned 110,153 shares in the company, valued at $33,942,545.42. This trade represents a 1.17% 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 valued at $3,762,365 over the last three months. 0.52% of the stock is currently owned by corporate insiders.

F5 Stock Up 0.3%

Shares of NASDAQ FFIV opened at $324.87 on Monday. F5, Inc. has a 52 week low of $213.24 and a 52 week high of $337.39. The business has a 50-day simple moving average of $316.66 and a two-hundred day simple moving average of $291.48. The company has a market cap of $18.66 billion, a P/E ratio of 28.62, a P/E/G ratio of 3.75 and a beta of 1.08.

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

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.