Morningstar Investment Management LLC Invests $240,000 in F5, Inc. $FFIV

Morningstar Investment Management LLC bought a new position in shares of F5, Inc. (NASDAQ:FFIV) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 814 shares of the network technology company’s stock, valued at approximately $240,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in FFIV. GAMMA Investing LLC boosted its stake in shares of F5 by 30.7% during the 1st quarter. GAMMA Investing LLC now owns 2,802 shares of the network technology company’s stock worth $746,000 after acquiring an additional 658 shares during the period. CX Institutional bought a new position in shares of F5 during the 1st quarter worth approximately $125,000. Fifth Third Bancorp boosted its stake in shares of F5 by 7.5% during the 1st quarter. Fifth Third Bancorp now owns 2,649 shares of the network technology company’s stock worth $705,000 after acquiring an additional 184 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of F5 by 388.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 34,186 shares of the network technology company’s stock worth $9,103,000 after acquiring an additional 27,191 shares during the period. Finally, Ritholtz Wealth Management boosted its stake in shares of F5 by 227.1% during the 1st quarter. Ritholtz Wealth Management now owns 3,186 shares of the network technology company’s stock worth $848,000 after acquiring an additional 2,212 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insider Transactions at F5

In related news, EVP Thomas Dean Fountain sold 1,347 shares of the business’s stock in a transaction on Monday, August 4th. The stock was sold at an average price of $309.73, for a total transaction of $417,206.31. Following the sale, the executive vice president owned 20,699 shares in the company, valued at $6,411,101.27. The trade was a 6.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $320.61, for a total value of $416,793.00. Following the sale, the chief executive officer owned 107,553 shares in the company, valued at $34,482,567.33. This represents a 1.19% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,945 shares of company stock worth $3,796,542. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on FFIV shares. Barclays lifted their target price on F5 from $274.00 to $321.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 31st. Morgan Stanley lifted their price target on F5 from $312.00 to $352.00 and gave the stock an “equal weight” rating in a report on Friday. Wall Street Zen cut F5 from a “strong-buy” rating to a “buy” rating in a report on Friday, October 3rd. Needham & Company LLC lifted their price target on F5 from $320.00 to $345.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Piper Sandler lifted their price objective on F5 from $304.00 to $355.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, F5 currently has a consensus rating of “Hold” and a consensus price target of $314.33.

F5 Stock Up 0.7%

Shares of FFIV stock opened at $343.17 on Wednesday. The firm has a market capitalization of $19.72 billion, a P/E ratio of 30.24, a P/E/G ratio of 3.74 and a beta of 1.06. F5, Inc. has a twelve month low of $213.24 and a twelve month high of $346.00. The stock’s fifty day simple moving average is $323.16 and its 200 day simple moving average is $296.60.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, topping analysts’ consensus estimates 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%.F5’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous 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. As a group, equities research analysts expect that F5, Inc. will post 11.2 EPS for the current fiscal 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.