F5, INC.
At today's price, F5, INC. (FFIV) is priced for today's economics sustained for ~7.0 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
At $385, only the growth-DCF reaches the price near $460 to $470; every static method, asset, earnings-power, and most peer multiples, sits well below it. The market is paying for durable software compounding the frozen frames cannot capture. The priced-in math is a duration bet, not a growth ramp. It implies the current operating margin near 25% holding and grinding higher toward roughly 29% for about six years, which is demanding for a company with a large legacy hardware base. Q2 fiscal 202
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700 institutional managers reported holding FFIV in 13F filings for the quarter ended 2026-03-31. 110 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 1.4M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.7 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FFIV has cut its share count 5.8% over the past five years, spending $2.25B on repurchases. It pays no dividend. Cash returned over the past three years: $1.46B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FFIV over the trailing three years. Absence is a fact about the company, not a signal. 22 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FFIV's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-05-06 | -6.1% | +7.7% |
| 2023-08-05 | +3.1% | -2.0% |
| 2024-02-06 | +1.8% | +7.5% |
| 2024-05-07 | -9.1% | +1.9% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FFIV's latest 8-K filings: 2026-06-23 (items 5.02, 7.01, 9.01); 2026-04-28 (items 5.02, 8.01, 9.01); 2026-04-28 (items 2.02, 9.01); 2026-03-13 (items 5.02, 5.07, 9.01); 2026-01-27 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.