F5 (FFIV)

• Market cap: $14.8B
• 1 day: 0.73%
• 5 days: -3.57%
• 1 month: 4.23%
• 3 months: 15.06%
• 6 months: 48.61%
• Year to date: 43.13%
• 1 year: 42.62%
• 5 years: 82.37%
• 10 years: 89.70%
• Sector: Information Technology
• Industry: Computer Communications Equipment

About: F5 is a market leader in the application delivery controller market. The company sells products for security, application performance, and automation. Its three customer verticals are enterprises, service providers, and government entities. Revenue is evenly split between its services business and products business with revenue trending toward products due to software adoption. The Seattle-based firm was incorporated in 1996, and went public in 1999.

Employees: 6,557

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

111% more first-time investments, than exits

New positions opened: 99 | Existing positions closed: 47

69% more call options, than puts

Call options by funds: $71.7M | Put options by funds: $42.5M

22% more capital invested

Capital invested by funds: $9.72B [Q2] → $11.8B (+$2.1B) [Q3]

10% more funds holding

Funds holding: 523 [Q2] → 575 (+52) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

4.37% less ownership

Funds ownership: 96.31% [Q2] → 91.94% (-4.37%) [Q3]

11% less repeat investments, than reductions

Existing positions increased: 184 | Existing positions reduced: 206

Research analyst outlook

6 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $240 5% downside
• Avg. target: $248 2% downside
• High target: $262 4% upside

6 analyst ratings

• positive: 0 0%
• neutral: 6 100%
• negative: 0 0%

Morgan Stanley Meta Marshall 54% 1-year accuracy 14 / 26 met price target	4% upside $262	Equal-Weight Maintained	17 Dec 2024
Goldman Sachs Michael Ng 81% 1-year accuracy 17 / 21 met price target	4% downside $241	Neutral Maintained	29 Oct 2024
JP Morgan Samik Chatterjee 56% 1-year accuracy 37 / 66 met price target	1% downside $250	Neutral Maintained	29 Oct 2024
RBC Capital Matthew Hedberg 70% 1-year accuracy 147 / 209 met price target	5% downside $240	Sector Perform Maintained	29 Oct 2024
Barclays Tim Long 54% 1-year accuracy 29 / 54 met price target	2% downside $246	Equal-Weight Maintained	29 Oct 2024