Grimes & Company Inc. Trims Stake in F5, Inc. $FFIV

Grimes & Company Inc. trimmed its position in shares of F5, Inc. (NASDAQ:FFIV) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,655 shares of the network technology company’s stock after selling 210 shares during the period. Grimes & Company Inc.’s holdings in F5 were worth $781,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC increased its stake in F5 by 6.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company’s stock worth $1,434,583,000 after purchasing an additional 312,415 shares during the period. Northern Trust Corp increased its stake in F5 by 15.5% in the 1st quarter. Northern Trust Corp now owns 1,054,701 shares of the network technology company’s stock worth $280,835,000 after buying an additional 141,680 shares during the period. Acadian Asset Management LLC increased its stake in F5 by 24.0% in the 1st quarter. Acadian Asset Management LLC now owns 828,966 shares of the network technology company’s stock worth $220,693,000 after buying an additional 160,708 shares during the period. AQR Capital Management LLC lifted its holdings in F5 by 37.5% during the 1st quarter. AQR Capital Management LLC now owns 828,900 shares of the network technology company’s stock valued at $216,757,000 after buying an additional 226,231 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in F5 by 40.8% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 789,283 shares of the network technology company’s stock valued at $232,302,000 after buying an additional 228,790 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at F5

In other news, EVP Chad Michael Whalen sold 5,297 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $7,601,963.84. This represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $320.61, for a total value of $416,793.00. Following the completion of the transaction, the chief executive officer owned 107,553 shares of the company’s stock, valued at approximately $34,482,567.33. The trade was a 1.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,945 shares of company stock valued at $3,796,542. 0.52% of the stock is currently owned by corporate insiders.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $329.00 on Tuesday. The business’s 50-day moving average is $319.71 and its 200 day moving average is $293.95. F5, Inc. has a 1 year low of $213.24 and a 1 year high of $337.39. The firm has a market capitalization of $18.90 billion, a P/E ratio of 28.99, a P/E/G ratio of 3.57 and a beta of 1.06.

F5 (NASDAQ:FFIV) last issued its quarterly 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 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 quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the company earned $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. On average, analysts expect that F5, Inc. will post 11.2 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on FFIV. Needham & Company LLC boosted their price target on F5 from $320.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Morgan Stanley increased their price target on F5 from $305.00 to $312.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Barclays lifted their price objective on F5 from $274.00 to $321.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Piper Sandler upped their price objective on shares of F5 from $304.00 to $355.00 and gave the stock a “neutral” rating in a research note on Thursday, July 31st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of F5 in a research report on Saturday, September 27th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, F5 has an average rating of “Hold” and an average price target of $309.89.

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.