F5 (FFIV)

• Market cap: $15.3B
• 1 day: 0.77%
• 5 days: 1.37%
• 1 month: -0.57%
• 3 months: -12.19%
• 6 months: 10.79%
• Year to date: 5.16%
• 1 year: 60.15%
• 5 years: 90.10%
• 10 years: 116.96%
• Sector: Technology
• Industry: Software - Infrastructure

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 Q4 regulatory disclosures by fund managers ($100M+ AUM)

167% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 8 (+5) [Q4]

146% more first-time investments, than exits

New positions opened: 113 | Existing positions closed: 46

130% more call options, than puts

Call options by funds: $90.8M | Put options by funds: $39.4M

20% more capital invested

Capital invested by funds: $11.8B [Q3] → $14.1B (+$2.31B) [Q4]

10% more funds holding

Funds holding: 577 [Q3] → 633 (+56) [Q4]

2.92% more ownership

Funds ownership: 91.8% [Q3] → 94.73% (+2.92%) [Q4]

1% less repeat investments, than reductions

Existing positions increased: 214 | Existing positions reduced: 216

Research analyst outlook

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

• Low target: $260 2% downside
• Avg. target: $283 7% upside
• High target: $320 21% upside

7 analyst ratings

• positive: 1 14%
• neutral: 5 71%
• negative: 1 14%

RBC Capital Matthew Hedberg 58% 1-year accuracy 121 / 207 met price target	10% upside $290	Sector Perform Reiterated	29 Apr 2025
Piper Sandler James Fish 50% 1-year accuracy 14 / 28 met price target	2% upside $269	Neutral Maintained	29 Apr 2025
Barclays Tim Long 56% 1-year accuracy 33 / 59 met price target	4% upside $274	Equal-Weight Maintained	29 Apr 2025
Morgan Stanley Meta Marshall 53% 1-year accuracy 17 / 32 met price target	6% upside $280	Equal-Weight Maintained	29 Apr 2025
Needham Ryan Koontz 36% 1-year accuracy 39 / 107 met price target	21% upside $320	Buy Assumed	29 Apr 2025