Glenmede Trust Co. NA Decreases Stock Position in F5, Inc. $FFIV

Glenmede Trust Co. NA cut its position in F5, Inc. (NASDAQ:FFIV) by 11.5% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 69,612 shares of the network technology company’s stock after selling 9,049 shares during the period. Glenmede Trust Co. NA’s holdings in F5 were worth $20,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of F5 during the 4th quarter valued at approximately $205,706,000. Jefferies Financial Group Inc. boosted its holdings in F5 by 127.0% in the 4th quarter. Jefferies Financial Group Inc. now owns 34,529 shares of the network technology company’s stock worth $8,814,000 after buying an additional 19,315 shares during the period. iA Global Asset Management Inc. purchased a new position in F5 in the 1st quarter valued at approximately $6,469,000. William Blair Investment Management LLC purchased a new position in F5 in the 4th quarter valued at approximately $140,460,000. Finally, Tredje AP fonden raised its holdings in F5 by 98.2% during the 4th quarter. Tredje AP fonden now owns 7,683 shares of the network technology company’s stock valued at $1,961,000 after acquiring an additional 3,807 shares during the period. 90.66% of the stock is currently owned by institutional investors.

F5 Trading Up 3.6%

FFIV stock opened at $402.57 on Friday. The company’s 50 day moving average is $401.57 and its 200 day moving average is $333.91. The stock has a market cap of $22.71 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 3.97 and a beta of 1.03. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $435.00.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, July 27th. The network technology company reported $4.73 earnings per share for the quarter, beating the consensus estimate of $4.00 by $0.73. F5 had a net margin of 21.95% and a return on equity of 21.54%. The firm had revenue of $865.08 million for the quarter, compared to analysts’ expectations of $834.60 million. During the same quarter last year, the company posted $4.16 EPS. The business’s quarterly revenue was up 10.9% on a year-over-year basis. F5 has set its Q4 2026 guidance at 4.140-4.260 EPS and its FY 2026 guidance at 17.210-17.330 EPS. As a group, sell-side analysts forecast that F5, Inc. will post 13.53 EPS for the current fiscal year.

Insider Activity

In other F5 news, EVP Chad Michael Whalen sold 6,200 shares of F5 stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $350.19, for a total transaction of $2,171,178.00. Following the transaction, the executive vice president directly owned 20,832 shares of the company’s stock, valued at approximately $7,295,158.08. This trade represents a 22.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Kunal Anand sold 3,123 shares of F5 stock in a transaction on Monday, May 4th. The stock was sold at an average price of $322.33, for a total transaction of $1,006,636.59. Following the completion of the transaction, the chief technology officer owned 12,194 shares in the company, valued at approximately $3,930,492.02. The trade was a 20.39% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 22,579 shares of company stock valued at $7,836,860. Insiders own 0.48% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on FFIV. Zacks Research downgraded F5 from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on F5 from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, July 28th. Morgan Stanley increased their price objective on F5 from $380.00 to $415.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 28th. Finally, Evercore upgraded F5 from an “in-line” rating to an “outperform” rating and set a $475.00 target price for the company in a research note on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, F5 presently has an average rating of “Hold” and an average price target of $416.62.

About F5

F5 Inc (NASDAQ:FFIV) specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company’s core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.

At the heart of F5’s product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.