FFIV Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

03
Price $454.04
Market Cap (MRQ) $25.80B
P/E (TTM) 36.2
EPS (TTM) $12.55
Revenue (TTM) $3.31B
ROE (TTM) 19.8%
52W Range $224–$462

FFIV Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

04
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Stock splits 1
Ex-date Split Type
Aug. 21, 2007 2-for-1 Forward

About F5, Inc. - Common Stock Company overview from Wikipedia

05 · wikidata

F5, Inc. is an American technology company specializing in multicloud application delivery, API security, online fraud prevention, zero trust access, and enterprise AI workload security.

While F5 originally developed hardware-based application delivery controller (ADC) load-balancing appliances, the company has transitioned to a software-led business model. Software subscriptions and cloud-delivered services now account for a major portion of its product revenue, driven by a corporate shift toward predictable, recurring subscription models. The technological core of F5's platform portfolio is its Traffic Management Operating System (TMOS). F5 offers these services as virtual machines (branded as the BIG-IP Virtual Edition) that deploy programmatically across hybrid, multi-cloud, on-premises, and network edge environments to manage traffic, secure public APIs, and enforce zero-trust identity policies.

History

F5, Inc., originally established as "F5 Labs" in 1996. In June 1999, F5 went public through an initial public offering, listing on the NASDAQ stock exchange under the ticker symbol "FFIV."

F5's modern transition culminated in major expansions into application security and software services, supporting over 23,000 customers globally, including 48 of the Fortune 50 companies, who utilize the platform for hybrid multi-cloud application delivery, zero-trust network access, and API protection.

Products

F5 AI Security Platform

In June 2026, F5 introduced the F5 AI Security Platform, an enterprise security offering designed to govern, discover, test, and protect artificial intelligence applications, models, and autonomous software agents. The platform is built to operate across hybrid multi-cloud, on-premises, and air-gapped environments, targeting security challenges associated with agentic AI, such as prompt injection, data exfiltration, and excessive agent autonomy.

The platform's primary security capabilities are delivered through two components integrated into F5's portfolio:

F5 AI Red Team: An automated adversarial testing system that simulates attacks on AI applications to identify vulnerabilities, such as jailbreak vulnerabilities and model data poisoning, prior to production deployment.

F5 AI Guardrails: A real-time, inline semantic firewall that inspects user prompts and model-generated responses. It is designed to block injection attacks, filter out off-topic or toxic responses, and apply dynamic data loss prevention (DLP) parameters to prevent sensitive data leakage.

F5 Application Delivery and Security Platform (ADSP)

In 2025, F5 introduced the Application Delivery and Security Platform (ADSP), a unified offering that combines application delivery, API protection, and threat mitigation across hardware, software, and Software-as-a-Service (SaaS) environments. ADSP is designed to support hybrid and multicloud deployments and includes capabilities such as load balancing, web application firewalls, DDoS protection, and encrypted traffic inspection.

F5 BIG-IP

F5's BIG-IP product family comprises hardware, modularized software, and virtual appliances that run the F5 TMOS operating system. Depending on the appliance selected, one or more BIG-IP product modules can be added.

In 1997, the company introduced its flagship product, BIG-IP.

BIG-IP history

On September 7, 2004, F5 Networks released version 9.0 of the BIG-IP software in addition to appliances to run the software. Version 9.0 also marked the introduction of the company's TMOS architecture, with enhancements including:

The move from BSD to Linux to handle system management functions (disks, logging, bootup, console access, etc.)

The creation of a Traffic Management Microkernel (TMM) to directly talk to the networking hardware and handle all network activities.

F5 NGINX

Since the NGINX, Inc. acquisition in 2019, F5 has offered an enterprise offering of NGINX with advanced features, multiple support SLAs, and regular software updates.

F5 Distributed Cloud Services

During F5 Agility 2022, F5 announced a new product offering being built on the platforms of BIG-IP, Shape Security, and Volterra. The primary offering in this suite is the SaaS-based web application and API protection (WAAP). F5 Distributed Cloud Services enable organizations to deploy, secure, and manage their applications across various environments, including data centers, multi-cloud setups, and the network or enterprise edge.

Acquisitions

SurePath AI

In June 2026, F5 acquired Denver-based startup SurePath AI, a platform specializing in network-based artificial intelligence discovery and shadow AI detection. The acquisition's technology identifies corporate workforce usage of unauthorized AI tools and tracks agent behaviors at the network layer without requiring direct application integrations. The financial terms of the transaction were not disclosed.

CalypsoAI

In September 2025, F5 announced its intent to acquire CalypsoAI, a Dublin-based startup specializing in runtime AI security and adaptive guardrails, for approximately $180 million. CalypsoAI’s platform offers techniques such as red teaming, inference-layer defenses, and policy enforcement suited for generative and agentic AI workloads. On September 29, 2025, F5 completed its acquisition of CalypsoAI and introduced F5 AI Guardrails and F5 AI Red Team.

MantisNet, Inc.

In August 2025, F5 acquired MantisNet, Inc., a Reston-based provider of eBPF-powered, cloud-native network observability and real-time network intelligence. MantisNet’s agentless telemetry technology enables visibility into encrypted, ephemeral, and east–west traffic within containerized environments and 5G architectures without performance overhead, streamlining observability and security functions in cloud-native deployments.

Fletch, Inc.

In June 2025, F5 acquired Fletch, Inc., a San Francisco cybersecurity startup founded in 2020 that developed agentic AI tools for threat detection and alert prioritization. Fletch’s technology was designed to analyze large volumes of threat intelligence and reduce alert fatigue by surfacing relevant security signals in real time, aiding operator decision-making.

LeakSignal

In March 2025, F5, Inc. acquired LeakSignal, a cybersecurity company specializing in real-time data protection and governance for AI applications. The acquisition aimed to enhance the F5 Application Delivery and Security Platform (ADSP) with capabilities such as AI-driven data classification, policy enforcement, and compliance monitoring. LeakSignal had been recognized by the National Institute of Standards and Technology (NIST) for its innovations in securing data in transit.

Heyhack

In March 2024, F5 announced it had acquired Heyhack ApS, a Denmark-based security penetration SaaS company. The financial details of this acquisition were not disclosed. F5 announced Heyhack's automated security reconnaissance and penetration testing solution would be rolled into the F5 Distributed Cloud Services platform.

Wib Security, Inc.

In February 2024 at AppWorld, F5's application security conference in San Jose, California, F5 announced it had acquired Wib: an API security company based in Tel Aviv, Israel, focused on vulnerability detection and observability in application development. The financial details of the acquisition were not disclosed. As of February 2024, F5 was adding the Wib API intellectual property to the F5 Distributed Cloud Services product line.

Suborbital Software Systems, Inc.

In July 2023, Suborbital Software Systems, Inc., a technology startup that aimed to build cloud-native platforms on WebAssembly, announced it had been acquired by F5, Inc. The details of this acquisition were not disclosed due to the small nature of Suborbital's operations. The entire Suborbital product was deployed within the F5 Distributed Cloud Services line.

Lilac Cloud, Inc.

In January 2023, F5 announced it had entered into an agreement to purchase Lilac Cloud, an application services delivery provider. Lilac Cloud, based in Cupertino, California, served as F5's Content Delivery Network (CDN) provider for its Distributed Cloud Services. The entire Lilac Cloud offering was rolled into the overall F5 Distributed Cloud Services product line.

Threat Stack, Inc.

In October 2021, F5 acquired Threat Stack, Inc., a Boston cloud computing security startup company for a reported $68 million.[42] As of December 15, 2022, the previous Threat Stack offering had been rolled into the F5 Distributed Cloud platform.

Volterra, Inc.

In January 2021, F5 acquired Volterra, Inc., an edge networking company that sells SaaS security services, for $500 million.[40] The previously Volterra-branded products were incorporated into F5 Distributed Cloud Services, as of 2022.[41]

Shape Security, Inc.

In January 2020, F5 acquired Shape Security, Inc., an AI-based bot detection company, for $1 billion.[38] F5 Networks then used the acquisition to introduce a new fraud detection engine.[39]

NGINX, Inc.

In March 2019, F5 acquired NGINX, Inc., a company responsible for widely used open-source web server software, for $670 million.[33] On 18 January 2022, original NGINX developer Igor Sysoev left F5, Inc. Later on, forks maintaining open-source licenses such as Angie and freenginx started being developed by core NGINX contributor Maxim Dounin.[34][35] Igor Sysoev is not actively involved in these projects.[36][37]

Defense.Net, Inc.

In May 2014, F5, Inc. (then F5 Networks, Inc.) announced it had acquired Defense.Net, Inc., a company offering cloud-based DDoS mitigation services. The Defense.Net product would later become F5 Silverline. As of December 2022, the Silverline brand was retired, and the managed service offerings Silverline offered were merged into the F5 Distributed Cloud Services product portfolio.

LineRate Systems, Inc.

In February 2013, F5 Networks acquired LineRate Systems, a developer of software-defined networking (SDN) services, to enhance its application-layer intelligence within software-defined data centers. This acquisition provided F5 with access to LineRate's layer 7+ networking services technology, intellectual property, and engineering talent.

Acopia Networks, Inc.

In August 2007, F5, Inc., at the time, F5 Networks, Inc., announced they acquired Acopia Networks, Inc. to add file-area networking to the F5 BIG-IP application-delivery product line, also known as the Local Traffic Manager (LTM) module on the BIG-IP platforms. The deal was valued at $210 million.

Swan Labs Corporation

In September 2005, F5 announced they had acquired Swan Labs for a total of $43 million to incorporate WAN optimization and application acceleration technology into the BIG-IP platform, specifically to improve their load balancing offering.

Traffix Systems, Inc.

In 2005, F5 Networks, Inc. at the time, now F5, Inc., announced it has acquired Traffix Systems for a total value of $135 million. Traffix Systems product was integrated within the F5 BIG-IP Local Traffic Manager (LTM) product line.

MagniFire Websystems, Inc.

F5 acquired MagniFire Websystems in 2004 for a total cash deal size of $29 million. This acquisition allowed F5 to enter the web application security space within the BIG-IP platform. MagniFire Websystems products were sold independently when the deal first closed, then were quickly bundled into the BIG-IP product group.

uRoam, Inc.

F5 acquired uRoam, Inc. in 2003 for a total cash deal size of $25 million. The strategic intent behind F5 Networks' acquisition of uRoam was to diversify its product offerings beyond its core application delivery and security services. This move aimed to address the growing demand for secure remote access to corporate networks and applications, aligning with industry trends.

Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗

Wikidata ↗

sectorCommunications industryCommunications employees6,512 countryUS

10-Year Performance Revenue, net income, margins and EPS trends

06
Revenue$3.09B
2016-09-30 → 2025-09-30
EPS$11.80
2016-09-30 → 2025-09-30
Free Cash Flow$906M
2016-09-30 → 2025-09-30
Net margin22.0%
2016-09-30 → 2025-09-30
Valuation & Ratios 07–12

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric 5Y trend FFIV 5Y avg Peer Median Verdict
P/E (TTM) 36.25Y avg ≈27.9 ≈27.9 34.0 Undervalued
P/S (TTM) 7.85Y avg ≈4.4 ≈4.4 8.5 Undervalued
P/B (MRQ) 6.75Y avg ≈4.3 ≈4.3 10.9 Undervalued
Price / FCF (TTM) 26.65Y avg ≈18.8 ≈18.8 · ·
Price / Cash Flow (TTM) 24.65Y avg ≈17.7 ≈17.7 32.5 Undervalued
Price / Tangible Book (MRQ) 6.85Y avg ≈245.8 ≈245.8 · ·
PEG Ratio ≈1.9 · · ·

Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.

value · ≈ 5Y avg · industry median · verdict relative to median

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

14
Avg Surprise 13.2%
Next Report Oct 26, 2026
PeriodReportEPS ActualEPS EstSurprise
June 30, 2026 $4.73 $4.08 15.9%
March 31, 2026 $3.90 $3.53 10.6%
Dec. 31, 2025 $4.45 $3.72 19.5%
Sept. 30, 2025 $4.39 $4.05 8.5%
June 30, 2025 $4.16 $3.57 16.5%
March 31, 2025 $3.42 $3.17 8.0%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

15
Income Statement 17
Metric Trend 202520242023202220212020201920182017201620152014
Revenue $3.09B$2.82B$2.81B$2.70B$2.60B$2.35B$2.24B$2.16B$2.09B$2.00B$1.92B$1.73B
Cost of Revenue $574M$558M$593M$540M$493M$408M$357M$361M$353M$337M$332M$310M
Gross Profit $2.51B$2.26B$2.22B$2.16B$2.11B$1.94B$1.89B$1.80B$1.74B$1.66B$1.59B$1.42B
R&D Expense $540M$490M$540M$543M$513M$441M$408M$366M$350M$334M$297M$264M
SG&A Expense $322M$269M$263M$275M$274M$258M$211M$160M$157M$138M$136M$106M
Operating Expenses $1.75B$1.60B$1.75B$1.75B$1.72B$1.55B$1.37B$1.21B$1.17B$1.11B$1.03B$929M
Operating Income $766M$659M$473M$404M$394M$392M$518M$591M$564M$547M$553M$494M
Interest Income ····$2M$12M$25M$17M$8M···
Other Non-op $42M$37M$13M$-18M$-7M$4M$23M$13M$12M$3M$8M$4M
Pretax Income $808M$695M$486M$385M$387M$396M$541M$604M$576M$550M$561M$497M
Income Tax $116M$129M$91M$63M$56M$89M$113M$150M$155M$184M$196M$186M
Net Income $692M$567M$395M$322M$331M$307M$428M$454M$421M$366M$365M$311M
EPS (Basic) $11.96$9.65$6.59$5.34$5.46$5.05$7.12$7.41$6.56$5.43$5.07$4.13
EPS (Diluted) $11.80$9.55$6.55$5.27$5.34$5.01$7.08$7.32$6.50$5.38$5.03$4.09
Shares (Basic) 57,904,00058,720,00059,909,00060,274,00060,707,00060,911,00060,044,00061,262,00064,173,00067,433,00071,944,00075,395,000
Shares (Diluted) 58,684,00059,359,00060,270,00061,097,00062,057,00061,378,00060,456,00062,013,00064,775,00067,984,00072,547,00076,092,000
EBITDA $858M$766M$585M$519M$509M$488M$587M$650M$625M$604M$605M$540M
Balance Sheet 29
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents $1.34B$1.07B$797M$758M$581M$850M$599M$425M$673M$515M$390M$282M
Short-term Investments $0$0$6M$127M$330M$360M$373M$615M$344M$368M$384M$364M
Receivables $414M$389M$455M$470M$341M$296M$322M$295M$292M$268M$279M$242M
Inventory $77M$76M$36M$68M$22M$28M$34M$31M$30M$34M$34M$24M
Prepaid Expense $86M$93M$85M$57M$60M$47M$49M$40M····
Other Current Assets $683M$569M$555M$489M$338M$260M$183M$52M$68M$53M$51M$44M
Current Assets $2.52B$2.11B$1.85B$1.91B$1.61B$1.79B$1.51B$1.42B$1.41B$1.29B$1.19B$999M
PP&E (Net) $157M$151M$170M$168M$191M$229M$223M$145M$122M$123M$96M$67M
PP&E (Gross) $537M$510M$497M$470M$481M$469M$418M$334M$298M$270M$226M$186M
Accum. Depreciation $380M$359M$327M$301M$290M$240M$195M$189M$176M$147M$130M$119M
Goodwill $2.44B$2.31B$2.29B$2.26B$2.22B$1.86B$1.07B$556M$556M$556M$556M$557M
Intangibles $96M$112M$151M$200M$237M$226M$109M$31M$43M$51M$59M$65M
Other Non-current Assets $552M$488M$445M$516M$473M$347M$204M$42M$54M$60M$68M$75M
Total Assets $6.32B$5.61B$5.25B$5.28B$5.00B$4.68B$3.39B$2.61B$2.48B$2.31B$2.31B$2.18B
Accounts Payable $84M$68M$63M$113M$62M$64M$63M$58M$51M$34M$51M$44M
Accrued Liabilities $315M$300M$283M$310M$341M$321M$236M$181M$187M$178M$130M$109M
Current Liabilities $1.61B$1.49B$1.47B$1.84B$1.39B$1.29B$1.11B$954M$935M$844M$755M$637M
Capital Leases $231M$216M$240M$272M$297M$339M$0·····
Deferred Tax $2M$7M$5M$3M$2M$602.0K$313.0K$35.0K$63.0K$4M$901.0K$4M
Other Non-current Liabilities $96M$95M$83M$68M$75M$60M$132M$66M$45M$34M$30M$23M
Total Liabilities ······$1.63B·····
Long-term Debt ···$350M$369M$388M$0·····
Total Debt ··$0$350M$369M$388M······
Common Stock $42M$6M$24M$91M$192M$305M$143M$20M$18M$13M$10M$16M
Retained Earnings $3.57B$3.14B$2.80B$2.40B$2.19B$1.95B$1.64B$1.29B$1.23B$1.19B$1.32B$1.36B
AOCI $-18M$-21M$-23M$-26M$-20M$-19M$-19M$-22M$-18M$-13M$-15M$-10M
Stockholders' Equity $3.59B$3.13B$2.80B$2.47B$2.36B$2.23B$1.76B$1.29B$1.23B$1.19B$1.32B$1.37B
Liabilities + Equity $6.32B$5.61B$5.25B$5.28B$5.00B$4.68B$3.39B$2.61B$2.48B$2.31B$2.31B$2.18B
Shares Outstanding 57,684,00058,094,00059,207,00059,860,00060,652,00061,099,00060,367,00060,215,00062,594,00065,315,00070,138,00073,390,000
Cash Flow 17
Metric Trend 202520242023202220212020201920182017201620152014
D&A $92M$107M$113M$116M$115M$96M$69M$59M$61M$57M$53M$46M
Stock-based Comp $231M$219M$237M$249M$243M$202M$163M$158M$175M$157M$146M$127M
Deferred Tax $-73M$-68M$-109M$-41M$-77M$7M$7M$21M$-3M$6M$-12M$-8M
Amort. of Intangibles $43M$24M$29M$36M$49M$35M$12M$11M$12M$14M$13M$10M
Restructuring $25M$9M$65M$8M$0$8M$0$18M$13M$0$0·
Other Non-cash $6M$-32M$18M$-204M$32M$48M$81M$69M$86M$126M$133M$72M
Operating Cash Flow $950M$792M$653M$443M$645M$661M$748M$761M$740M$712M$685M$549M
CapEx $43M$30M$54M$34M$31M$60M$104M$53M$39M$63M$60M$23M
Investing Cash Flow $-219M$-59M$36M$218M$-445M$-747M$-415M$-456M$-32M$63M$-11M$151M
Debt Issued ···$0$0$400M$0$0····
Net Debt Issued $0$0$-350M$-20M$-20M$390M······
Stock Repurchased $502M$501M$350M$500M$500M$100M$201M$600M$600M$700M$607M$651M
Net Stock Activity $-502M$-501M$-350M$-500M$-500M$-100M$-201M$-600M$-600M$-700M$-607M$-651M
Financing Cash Flow $-465M$-457M$-653M$-477M$-468M$337M$-155M$-551M$-546M$-653M$-557M$-605M
Net Change in Cash ···········$95M
Taxes Paid $206M$182M$192M$110M$99M$80M$101M$105M$163M$164M$189M$169M
Free Cash Flow $906M$762M$599M$409M$615M$601M$644M$708M$702M$648M$624M$526M
Profitability 8
Metric Trend 202520242023202220212020201920182017201620152014
Gross Margin 81.4%80.2%78.9%80.0%81.1%82.7%84.1%83.3%83.1%83.1%82.7%82.1%
Operating Margin 24.8%23.4%16.8%15.0%15.1%16.7%23.1%27.3%27.0%27.4%28.8%28.5%
Net Margin 22.4%20.1%14.0%11.9%12.7%13.1%19.1%21.0%20.1%18.3%19.0%18.0%
Pretax Margin 26.2%24.7%17.3%14.3%14.9%16.9%24.1%27.9%27.5%27.6%29.2%28.7%
EBITDA Margin 27.8%27.2%20.8%19.3%19.6%20.8%26.2%30.1%29.9%30.3%31.5%31.2%
ROA 11.6%10.4%7.5%6.3%6.9%7.6%14.3%17.8%17.6%15.8%16.2%14.1%
ROE 20.1%18.5%14.5%13.5%14.5%14.0%25.3%35.6%34.8%29.2%27.2%21.4%
ROIC 18.3%17.2%13.7%12.0%12.4%11.6%23.3%34.5%33.5%30.7%27.3%22.6%
Liquidity & Solvency 4
Metric Trend 202520242023202220212020201920182017201620152014
Current Ratio 1.61.41.31.01.21.41.41.51.61.51.61.6
Quick Ratio 1.11.00.90.70.91.21.21.41.41.41.41.4
Debt / Equity ··0.00.10.20.2······
LT Debt / Equity ···0.00.10.2······
Efficiency 3
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 0.50.50.50.50.50.60.70.90.90.90.90.8
Inventory Turnover 7.59.911.411.919.713.111.012.011.110.011.414.3
Receivables Turnover 7.76.76.16.78.27.67.37.47.57.37.47.8
Per Share 5
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share $62.27$53.87$47.30$41.25$38.91$36.54$29.18$21.35$19.64$18.15$18.77$18.66
Revenue / Share $52.62$47.44$46.68$44.12$41.95$38.30$37.09$34.85$32.27$29.35$26.46$22.76
Cash Flow / Share $16.18$13.35$10.84$7.24$10.40$10.77$12.37$12.27$11.43$10.47$9.44$7.21
Cash / Share $23.30$18.50$13.46$12.66$9.58$13.90$9.93$7.05$10.76$7.88$5.57$3.84
EPS (TTM) $11.80$9.55$6.55$5.27$5.34$5.01$7.08$7.32$6.50$5.38$5.03$4.09
Growth Rates 9
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 9.7%0.10%4.3%3.5%10.7%·······
Revenue CAGR 3Y 4.6%2.6%6.2%·········
Revenue CAGR 5Y 5.6%···········
EPS YoY 23.6%45.8%24.3%-1.3%6.6%·······
EPS CAGR 3Y 30.8%21.4%9.3%·········
EPS CAGR 5Y 18.7%···········
Net Income YoY 22.2%43.5%22.6%-2.7%7.7%·······
Net Income CAGR 3Y 29.0%19.6%8.7%·········
Net Income CAGR 5Y 17.6%···········
Valuation (TTM) 14
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM $3.09B$2.82B$2.81B$2.70B$2.60B$2.35B$2.24B$2.16B$2.09B$2.00B$1.92B$1.73B
Net Income TTM $692M$567M$395M$322M$331M$307M$428M$454M$421M$366M$365M$311M
Market Cap $18.64B$12.79B$9.54B$8.66B$12.06B$7.50B$8.48B$12.01B$7.55B$8.14B$8.12B$8.71B
Enterprise Value ··$8.74B$8.13B$11.51B$6.68B······
P/E 27.423.124.627.537.224.519.827.218.523.223.029.0
P/S 6.04.53.43.24.63.23.85.63.64.14.25.0
P/B 5.24.13.43.55.13.44.89.36.16.96.26.4
P / Tangible Book 17.718.126.5920.9·50.9······
P / Cash Flow 19.616.114.619.618.711.311.315.810.211.411.915.9
P / FCF 20.616.815.921.219.612.513.217.010.812.613.016.6
EV / EBITDA ··14.915.722.613.7······
EV / FCF ··14.619.918.711.1······
EV / Revenue ··3.13.04.42.8······
Earnings Yield 3.6%4.3%4.1%3.6%2.7%4.1%5.0%3.7%5.4%4.3%4.3%3.4%

Most recent period on the left · null values shown as ·

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

16
Metric 2025-09-302024-09-302023-09-302022-09-302021-09-30
Revenue $3.09B $2.82B $2.81B $2.70B $2.60B
Gross Margin % 81.4% 80.2% 78.9% 80.0% 81.1%
Operating Margin % 24.8% 23.4% 16.8% 15.0% 15.1%
Net Income $692M $567M $395M $322M $331M
Diluted EPS $11.80 $9.55 $6.55 $5.27 $5.34

Institutional owners (13F) 885 filers · $23.9B total · As of Sept. 30, 2026

17

Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.

Holders 885
Value held $23.9B
New positions 175
Exited positions 59
Institutional activity — Q2 2026 vs prior quarter
New positions Exited positions Increased Decreased Net shares change
175 (+35 vs prior Q) 59 (-4 vs prior Q) 312 (+56 vs prior Q) 244 (+8 vs prior Q) -360K

Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.

Institution Value Shares % of tracked 13F Type
BlackRock, Inc. $2,611,637,129 6,278,577 10.91% Shares
VANGUARD GROUP INC $1,878,022,611 7,357,293 7.85% Shares
VANGUARD CAPITAL MANAGEMENT LLC $1,533,767,228 3,687,295 6.41% Shares
STATE STREET CORP $1,288,855,804 3,098,509 5.38% Shares
VANGUARD PORTFOLIO MANAGEMENT LLC $1,168,028,159 2,808,030 4.88% Shares
Jericho Capital Asset Management L.P. $881,314,834 2,118,749 3.68% Shares
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC $857,532,321 2,061,574 3.58% Shares
GEODE CAPITAL MANAGEMENT, LLC $740,798,207 1,779,100 3.09% Shares
FIRST TRUST ADVISORS LP $640,664,339 1,540,207 2.68% Shares
Invesco Ltd. $576,137,040 1,385,078 2.41% Shares
AQR CAPITAL MANAGEMENT LLC $385,025,872 925,632 1.61% Shares
LYRICAL ASSET MANAGEMENT LP $383,451,894 921,848 1.60% Shares
JANE STREET GROUP, LLC $368,312,197 885,451 1.54% Shares
MORGAN STANLEY $347,526,691 835,480 1.45% Shares
NORGES BANK $347,127,355 834,521 1.45% Shares
VICTORY CAPITAL MANAGEMENT INC $318,161,565 764,885 1.33% Shares
NORTHERN TRUST CORP $307,377,801 738,960 1.28% Shares
AMERIPRISE FINANCIAL INC $289,329,463 695,442 1.21% Shares
JPMORGAN CHASE & CO $286,737,612 698,405 1.20% Shares
DIMENSIONAL FUND ADVISORS LP $265,102,156 637,365 1.11% Shares
Robeco Institutional Asset Management B.V. $245,868,967 591,088 1.03% Shares
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC $243,865,285 586,271 1.02% Shares
Amundi $231,194,313 555,809 0.97% Shares
CHARLES SCHWAB INVESTMENT MANAGEMENT INC $213,839,628 514,087 0.89% Shares
WELLINGTON MANAGEMENT GROUP LLP $210,837,644 506,870 0.88% Shares
ALLIANCEBERNSTEIN L.P. $209,380,598 723,674 0.87% Shares
HSBC HOLDINGS PLC $208,277,147 499,823 0.87% Shares
Legal & General Group Plc $205,453,041 493,925 0.86% Shares
VOYA INVESTMENT MANAGEMENT LLC $175,813,813 422,670 0.73% Shares
DEUTSCHE BANK AG\ $172,297,288 414,216 0.72% Shares
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC $168,479,753 582,310 0.70% Shares
Pictet Asset Management Holding SA $166,435,274 400,244 0.70% Shares
MILLENNIUM MANAGEMENT LLC $154,188,885 370,682 0.64% Shares
Bank of New York Mellon Corp $154,006,793 370,244 0.64% Shares
GOLDMAN SACHS GROUP INC $151,272,788 363,671 0.63% Shares
Quantinno Capital Management LP $131,738,666 316,709 0.55% Shares
VANGUARD FIDUCIARY TRUST CO $131,727,461 316,683 0.55% Shares
CITIGROUP INC $130,140,574 312,868 0.54% Shares
UBS Group AG $127,599,058 306,758 0.53% Shares
FMR LLC $121,734,379 292,659 0.51% Shares
Nuveen, LLC $111,572,535 268,229 0.47% Shares
AMERICAN CENTURY COMPANIES INC $109,571,237 263,416 0.46% Shares
Point72 Asset Management, L.P. $100,714,315 242,125 0.42% Shares
SEI INVESTMENTS CO $95,573,471 229,764 0.40% Shares
BNP PARIBAS FINANCIAL MARKETS $94,207,453 226,482 0.39% Shares
Swedbank AB $87,054,606 209,286 0.36% Shares
PANAGORA ASSET MANAGEMENT INC $82,064,748 197,290 0.34% Shares
Allianz Asset Management GmbH $75,348,658 181,144 0.31% Shares
Boston Trust Walden Corp $73,782,985 177,380 0.31% Shares
BANK OF AMERICA CORP /DE/ $70,355,474 169,140 0.29% Shares

Show all 885 institutional owners →

Activists & 5%+ owners 5 positions

18

Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.

Filer Filed Stake Status Purpose Filing
Undisclosed reporting person June 30, 2003 · Initial filing Passive investment SEC
Undisclosed reporting person May 7, 2003 · Initial filing Passive investment SEC
Undisclosed reporting person Oct. 19, 2001 · Initial filing Passive investment SEC
Undisclosed reporting person July 9, 2001 · Initial filing · SEC
Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person Feb. 1, 2001 · Initial filing · SEC

Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.

Company insiders 67 insiders · 39 officers · 27 directors

19
Insider Role Last activity Shares owned Buys 12m Sells 12m Net 12m
Francois Locoh-Donou President, CEO & Director Aug. 5, 2026 S 146,989 0 27 $-5,538,033
Manuel Felix Rivelo President & CEO Nov. 1, 2015 M 17,414 0 0 $0
Edward Cooper Werner Chief Financial Officer Aug. 1, 2026 M 406 0 10 $-2,534,677
Francis J. Pelzer EVP, Chief Financial Officer Nov. 1, 2024 M 37,995 0 0 $0
Andrew Reinland EVP, Chief Financial Officer May 1, 2018 M 515 0 0 $0
Steve Coburn Sr. VP of Finance and CFO June 1, 2005 M 0 0 0 $0
John Anthony Maddison Chief Product Mkting Officer Sept. 14, 2026 S 1,149 0 4 $-1,091,713
Michael F Montoya Chief Technology Ops Officer Sept. 14, 2026 S 1,309 0 7 $-1,815,377
Angelique M Okeke EVP, General Counsel Sept. 1, 2026 A 2,240 0 3 $-587,146
Thomas Dean Fountain EVP Global Services & Strategy Aug. 5, 2026 S 8,060 0 19 $-7,054,129
Catherine A Peterman Chief People Officer Aug. 3, 2026 A · 0 0 $0
Kunal Anand Chief Technology Officer Aug. 1, 2026 M 12,586 0 3 $-1,270,179
Chad Michael Whalen EVP, Worldwide Sales Aug. 1, 2026 M 21,536 0 9 $-5,235,732
Lyra Amber Schramm Chief People Officer Feb. 3, 2026 S 177 0 2 $-318,275
Scot Frazier Rogers EVP and General Counsel Feb. 26, 2025 S 20,075 0 0 $0
Kara Lynn Sprague EVP & GM, Application Services Nov. 1, 2024 M 71,444 0 0 $0
Mika Yamamoto EVP, Chief Marketing Officer Nov. 1, 2023 M 17,271 0 0 $0
Ana Maria White EVP and Chief People Officer Aug. 14, 2023 S 38,656 0 0 $0
Geng Lin EVP, Chief Technology Officer Aug. 1, 2023 M 13,946 0 0 $0
Haiyan Song EVP of Security Feb. 1, 2023 M 6,460 0 0 $0
Derek Winslow Smith SVP & GM of Shape Security Feb. 1, 2021 M 2,780 0 0 $0
Stephen Mcmillan EVP of Global Services May 1, 2020 S 8,291 0 0 $0
Ryan C. Kearny CTO & SVP, Product Development May 1, 2019 M 7,153 0 0 $0
John D Dilullo EVP, Worldwide Sales May 3, 2018 M 8,800 0 0 $0
Ram Gopal Krishnan Sr. VP, GM of Security Feb. 1, 2018 A · 0 0 $0
Edward Julian Eames EVP, Chief Operations Officer Nov. 8, 2017 S 12,999 0 0 $0
Benjamin Gibson EVP, Chief Marketing Officer Nov. 2, 2017 S 1,651 0 0 $0
Karl D Triebes EVP, Product Development & CTO Aug. 1, 2016 M 10,746 0 0 $0
Thomas David Feringa EVP, World Wide Sales Aug. 1, 2015 M 8,787 0 0 $0
Jeffrey A Christianson EVP and General Counsel Aug. 1, 2013 M 21,905 0 0 $0
Dan Matte EVP of Marketing May 17, 2013 M 24,638 0 0 $0
John Edward Rodriguez EVP, Chief Accounting Officer Feb. 1, 2013 M 11,064 0 0 $0
Mark Anderson EVP, Worldwide Sales May 1, 2012 M 10,767 0 0 $0
Christopher P. Lynch SrVP Data Solutions Nov. 7, 2008 S 10,835 0 0 $0
Thomas M Hull Sr. VP Worldwide Sales Nov. 1, 2007 M 58,921 0 0 $0
Joann Reiter Sr. VP & General Counsel Nov. 1, 2006 M 17,725 0 0 $0
Jeff Pancottine Sr. VP & GM, Security Business Feb. 1, 2006 M 238 0 0 $0
Jeff Stockdale Sr. VP of Product Development Feb. 6, 2004 S 1,411 0 0 $0
Steve Goldman Sr VP Sales & Services Aug. 4, 2003 M 1,860 0 0 $0
Nikhil Ramesh Mehta Director July 30, 2026 S 7,043 0 6 $-1,555,798
Gavin Munroe Director July 1, 2026 A · 0 0 $0
Elizabeth Buse Director June 10, 2026 S 4,947 0 4 $-399,353
Anand Eswaran Director May 1, 2026 A · 0 0 $0
Julie Marie Gonzalez Director March 12, 2026 A 1,414 0 0 $0
Tami A. Erwin Director March 12, 2026 A 2,842 0 0 $0
Michel Combes Director March 12, 2026 A 5,805 0 0 $0
Maya Mcreynolds Director March 12, 2026 A 1,414 0 0 $0
Marianne Budnik Director March 12, 2026 A 2,141 0 0 $0
Michael L Dreyer Director March 11, 2026 M 2,243 0 1 $-866,151
Alan Higginson Director March 11, 2026 M 7,774 0 2 $-797,569
Peter S Klein Director March 13, 2025 A 13,333 0 0 $0
Sripada Shivananda Director March 14, 2024 A 6,172 0 0 $0
James Malcolm Phillips JR Director March 9, 2023 A 1,486 0 0 $0
Marie Myers Director March 9, 2023 A 5,097 0 0 $0
Sandra K Bergeron Director March 8, 2023 M 6,218 0 0 $0
Gary A Ames Director March 10, 2021 M 18,417 0 0 $0
Deborah L Bevier Director March 10, 2021 M 9,588 0 0 $0
John Mcadam Director March 11, 2020 M 12,338 0 0 $0
Jonathan Chadwick Director March 13, 2019 M 9,657 0 0 $0
Scott Thompson Director March 15, 2012 A 26,530 0 0 $0
Karl Guelich Director March 14, 2012 M 10,386 0 0 $0
John Chapple Director March 14, 2011 A 2,089 0 0 $0
GRINSTEIN KEITH Director March 11, 2008 A 32,412 0 0 $0
Rich Malone Director March 10, 2008 M 80,412 0 0 $0
Angus James Bruce Robertson · Nov. 1, 2021 M 13,043 0 0 $0
Stephen M Smith · March 9, 2017 A 9,160 0 0 $0
Kristen Dimlow · Aug. 1, 2016 M 11,028 0 0 $0

Insiders from SEC Form 3/4/5 filings; net = open-market P/S only

ETF ownership Held by 138 ETFs

20

Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.

Fund Weight Units As of Source
FMTM · EA Series Trust 3.27% 20,471 NS July 31, 2026 N-PORT
UPGD · Invesco Exchange-Traded Fund Trust 2.42% 6,263 SH Oct. 2, 2026 Daily
ABFL · Abacus FCF ETF Trust 2.18% 28,490 NS July 31, 2026 N-PORT
QIDX · Spinnaker ETF Series 2.10% 2,031 NS July 31, 2026 N-PORT
COWG · Pacer Funds Trust 1.96% 107,422 NS July 31, 2026 N-PORT
AMOM · Exchange Listed Funds Trust 1.48% 880 NS July 31, 2026 N-PORT
RSPT · Invesco Exchange-Traded Fund Trust 1.41% 196,239 SH Oct. 2, 2026 Daily
CZA · Invesco Exchange-Traded Fund Trust 1.31% 5,983 SH Oct. 2, 2026 Daily
QQQJ · Invesco Exchange-Traded Fund Trust … 1.26% 33,477 SH Oct. 2, 2026 Daily
FDND · First Trust Exchange-Traded Fund IV 0.90% 217 NS July 31, 2026 N-PORT
IQSM · New York Life Investments ETF Trust 0.88% 7,183 NS July 31, 2026 N-PORT
FTC · First Trust Exchange-Traded AlphaDE… 0.75% 24,717 NS July 31, 2026 N-PORT
NUMV · Nushares ETF Trust 0.70% 7,708 NS July 31, 2026 N-PORT
PDP · Invesco Exchange-Traded Fund Trust 0.68% 22,881 SH Oct. 2, 2026 Daily
BKMC · BNY Mellon ETF Trust 0.58% 9,362 NS July 31, 2026 N-PORT
WEBL · Direxion Shares ETF Trust 0.58% 1,350 NS July 31, 2026 N-PORT
USMV · iShares Trust 0.56% 334,065 SH Sept. 11, 2026 Daily
NULV · Nushares ETF Trust 0.51% 27,667 NS July 31, 2026 N-PORT
VBR · VANGUARD INDEX FUNDS 0.50% 821,424 SH Aug. 19, 2026 Daily
PABU · iShares Trust 0.50% 31,128 SH Sept. 11, 2026 Daily
ACWV · iShares, Inc. 0.44% 36,796 SH Sept. 11, 2026 Daily
LSVD · ADVISORS' INNER CIRCLE FUND 0.40% 6,482 NS July 31, 2026 N-PORT
JPME · J.P. Morgan Exchange-Traded Fund Tr… 0.39% 4,556 NS July 31, 2026 N-PORT
FAD · First Trust Exchange-Traded AlphaDE… 0.37% 5,371 NS July 31, 2026 N-PORT
FEX · First Trust Exchange-Traded AlphaDE… 0.35% 13,550 NS July 31, 2026 N-PORT
FXL · First Trust Exchange-Traded AlphaDE… 0.32% 20,448 NS July 31, 2026 N-PORT
SMMD · iShares Trust 0.31% 30,191 SH Sept. 11, 2026 Daily
ACVF · ETF Opportunities Trust 0.30% 1,130 NS July 31, 2026 N-PORT
COWZ · Pacer Funds Trust 0.29% 136,620 NS July 31, 2026 N-PORT
TRFK · Pacer Funds Trust 0.29% 6,787 NS July 31, 2026 N-PORT
VB · VANGUARD INDEX FUNDS 0.28% 1,294,080 SH Aug. 19, 2026 Daily
JVAL · J.P. Morgan Exchange-Traded Fund Tr… 0.27% 5,490 NS July 31, 2026 N-PORT
ROUS · Lattice Strategies Trust 0.26% 4,594 NS July 31, 2026 N-PORT
SUSA · iShares Trust 0.26% 25,942 SH Sept. 11, 2026 Daily
VLUE · iShares Trust 0.25% 61,174 SH Sept. 11, 2026 Daily
KNCT · Invesco Exchange-Traded Fund Trust 0.25% 950 SH Oct. 2, 2026 Daily
JQUA · J.P. Morgan Exchange-Traded Fund Tr… 0.24% 49,853 NS July 31, 2026 N-PORT
FTLS · First Trust Exchange-Traded Fund III 0.24% 15,016 NS July 31, 2026 N-PORT
JMOM · J.P. Morgan Exchange-Traded Fund Tr… 0.23% 14,448 NS July 31, 2026 N-PORT
RSP · Invesco Exchange-Traded Fund Trust 0.22% 482,705 SH Oct. 2, 2026 Daily
IWS · iShares Trust 0.22% 84,378 SH Sept. 11, 2026 Daily
ESMV · iShares Trust 0.22% 43 SH Sept. 11, 2026 Daily
EUSA · iShares, Inc. 0.21% 10,196 SH Sept. 11, 2026 Daily
SIZE · iShares Trust 0.20% 2,152 SH Sept. 11, 2026 Daily
EVUS · iShares Trust 0.20% 1,891 SH Sept. 11, 2026 Daily
SPHQ · Invesco Exchange-Traded Fund Trust 0.17% 73,849 SH Oct. 2, 2026 Daily
IWR · iShares Trust 0.17% 231,479 SH Sept. 11, 2026 Daily
MTUM · iShares Trust 0.16% 96,015 SH Sept. 11, 2026 Daily
IMCV · iShares Trust 0.15% 4,502 SH Sept. 11, 2026 Daily
IMCB · iShares Trust 0.15% 6,423 SH Sept. 11, 2026 Daily
FTEC · FIDELITY COVINGTON TRUST 0.15% 73,280 NS July 31, 2026 N-PORT
IMCG · iShares Trust 0.15% 14,886 SH Sept. 11, 2026 Daily
QUAL · iShares Trust 0.15% 171,961 SH Sept. 11, 2026 Daily
ESGU · iShares Trust 0.14% 63,928 SH Sept. 11, 2026 Daily
VGT · VANGUARD WORLD FUND 0.14% 570,650 SH Aug. 19, 2026 Daily
DFUV · Dimensional ETF Trust 0.13% 50,188 NS July 31, 2026 N-PORT
XOEF · iShares Trust 0.13% 71 SH Sept. 11, 2026 Daily
QLC · FlexShares Trust 0.12% 3,136 NS July 31, 2026 N-PORT
DFLV · Dimensional ETF Trust 0.12% 20,798 NS July 31, 2026 N-PORT
JPUS · J.P. Morgan Exchange-Traded Fund Tr… 0.12% 1,368 NS July 31, 2026 N-PORT
IYW · iShares Trust 0.11% 70,029 SH Sept. 11, 2026 Daily
TECL · Direxion Shares ETF Trust 0.11% 13,783 NS July 31, 2026 N-PORT
IGM · iShares Trust 0.10% 26,778 SH Sept. 11, 2026 Daily
LCOW · Pacer Funds Trust 0.10% 63 NS July 31, 2026 N-PORT
DFVX · Dimensional ETF Trust 0.10% 1,245 NS July 31, 2026 N-PORT
USXF · iShares Trust 0.09% 3,364 SH Sept. 11, 2026 Daily
REVS · Columbia ETF Trust I 0.08% 696 NS July 31, 2026 N-PORT
OMFL · Invesco Exchange-Traded Self-Indexe… 0.08% 8,850 SH Oct. 2, 2026 Daily
IXN · iShares Trust 0.08% 19,408 SH Sept. 11, 2026 Daily
DXUV · Dimensional ETF Trust 0.08% 1,120 NS July 31, 2026 N-PORT
VOOV · VANGUARD ADMIRAL FUNDS 0.08% 12,976 SH Aug. 19, 2026 Daily
DFSU · Dimensional ETF Trust 0.08% 4,476 NS July 31, 2026 N-PORT
IVE · iShares Trust 0.08% 93,772 SH Sept. 11, 2026 Daily
EGLE · Global X Funds 0.07% 4 NS July 31, 2026 N-PORT
TYLG · Global X Funds 0.07% 26 NS July 31, 2026 N-PORT
PALC · Pacer Funds Trust 0.07% 377 NS July 31, 2026 N-PORT
IUSV · iShares Trust 0.07% 49,233 SH Sept. 11, 2026 Daily
EQAL · Invesco Exchange-Traded Fund Trust … 0.07% 1,269 SH Oct. 2, 2026 Daily
VONV · VANGUARD SCOTTSDALE FUNDS 0.07% 34,152 SH Aug. 19, 2026 Daily
DCOR · Dimensional ETF Trust 0.07% 5,645 NS July 31, 2026 N-PORT
DFAC · Dimensional ETF Trust 0.07% 80,778 NS July 31, 2026 N-PORT
AQLT · iShares Trust 0.07% 551 SH Sept. 11, 2026 Daily
GLOF · iShares Trust 0.07% 329 SH Sept. 11, 2026 Daily
SUSL · iShares Trust 0.07% 1,974 SH Sept. 11, 2026 Daily
DSI · iShares Trust 0.06% 8,623 SH Sept. 11, 2026 Daily
IWD · iShares Trust 0.06% 125,528 SH Sept. 11, 2026 Daily
RECS · Columbia ETF Trust I 0.06% 8,005 NS July 31, 2026 N-PORT
CRBN · iShares Trust 0.05% 1,530 SH Sept. 11, 2026 Daily
SPTE · SP Funds Trust 0.05% 250 NS July 31, 2026 N-PORT
DFAU · Dimensional ETF Trust 0.04% 13,110 NS July 31, 2026 N-PORT
USCL · iShares Trust 0.04% 3,004 SH Sept. 11, 2026 Daily
PRF · Invesco Exchange-Traded Fund Trust 0.04% 9,301 SH Oct. 2, 2026 Daily
TOPC · iShares Trust 0.04% 34 SH Sept. 11, 2026 Daily
VOO · VANGUARD INDEX FUNDS 0.04% 1,465,887 SH Aug. 19, 2026 Daily
VFQY · VANGUARD WELLINGTON FUND 0.04% 492 SH Aug. 19, 2026 Daily
ESGV · VANGUARD WORLD FUND 0.04% 12,783 SH Aug. 19, 2026 Daily
PBP · Invesco Exchange-Traded Fund Trust 0.04% 337 SH Oct. 2, 2026 Daily
IUS · Invesco Exchange-Traded Self-Indexe… 0.04% 836 SH Oct. 2, 2026 Daily
XYLG · Global X Funds 0.04% 61 NS July 31, 2026 N-PORT
XVV · iShares Trust 0.04% 644 SH Sept. 11, 2026 Daily
PBUS · Invesco Exchange-Traded Fund Trust … 0.04% 9,743 SH Oct. 2, 2026 Daily
XYLD · Global X Funds 0.04% 3,036 NS July 31, 2026 N-PORT
CATH · Global X Funds 0.04% 1,217 NS July 31, 2026 N-PORT
GLBL · Pacer Funds Trust 0.04% 1 NS July 31, 2026 N-PORT
PTLC · Pacer Funds Trust 0.04% 2,873 NS July 31, 2026 N-PORT
CHRI · Global X Funds 0.04% 7 NS July 31, 2026 N-PORT
XRMI · Global X Funds 0.03% 43 NS July 31, 2026 N-PORT
IVV · iShares Trust 0.03% 710,997 SH Sept. 11, 2026 Daily
BBUS · J.P. Morgan Exchange-Traded Fund Tr… 0.03% 7,551 NS July 31, 2026 N-PORT
ILCG · iShares Trust 0.03% 2,640 SH Sept. 11, 2026 Daily
XCLR · Global X Funds 0.03% 3 NS July 31, 2026 N-PORT
QVML · Invesco Exchange-Traded Fund Trust … 0.03% 1,264 SH Oct. 2, 2026 Daily
XTR · Global X Funds 0.03% 4 NS July 31, 2026 N-PORT
DFUS · Dimensional ETF Trust 0.03% 17,165 NS July 31, 2026 N-PORT
ILCB · iShares Trust 0.03% 1,058 SH Sept. 11, 2026 Daily
SPUU · Direxion Shares ETF Trust 0.03% 213 NS July 31, 2026 N-PORT
IWB · iShares Trust 0.03% 39,398 SH Sept. 11, 2026 Daily
IYY · iShares Trust 0.03% 2,448 SH Sept. 11, 2026 Daily
PHDG · Invesco Actively Managed Exchange-T… 0.03% 45 SH Oct. 2, 2026 Daily
QDPL · Pacer Funds Trust 0.03% 1,357 NS July 31, 2026 N-PORT
ILCV · iShares Trust 0.03% 1,068 SH Sept. 11, 2026 Daily
IWV · iShares Trust 0.03% 15,640 SH Sept. 11, 2026 Daily
ITOT · iShares Trust 0.03% 73,474 SH Sept. 11, 2026 Daily
VTI · VANGUARD INDEX FUNDS 0.03% 1,791,148 SH Aug. 19, 2026 Daily
VFMF · VANGUARD WELLINGTON FUND 0.03% 477 SH Aug. 19, 2026 Daily
VONE · VANGUARD SCOTTSDALE FUNDS 0.03% 9,290 SH Aug. 19, 2026 Daily
VTHR · VANGUARD SCOTTSDALE FUNDS 0.03% 4,782 SH Aug. 19, 2026 Daily
TOV · EA Series Trust 0.03% 224 NS July 31, 2026 N-PORT
LRGF · iShares Trust 0.03% 2,709 SH Sept. 11, 2026 Daily
HCMT · Direxion Shares ETF Trust 0.03% 392 NS July 31, 2026 N-PORT
SPXL · Direxion Shares ETF Trust 0.03% 4,409 NS July 31, 2026 N-PORT
TOK · iShares Trust 0.03% 155 SH Sept. 11, 2026 Daily
URTH · iShares, Inc. 0.03% 5,138 SH Sept. 11, 2026 Daily
TILT · FlexShares Trust 0.02% 1,190 NS July 31, 2026 N-PORT
ACWI · iShares Trust 0.02% 18,046 SH Sept. 11, 2026 Daily
PWS · Pacer Funds Trust 0.02% 12 NS July 31, 2026 N-PORT
VT · VANGUARD INTERNATIONAL EQUITY INDEX… 0.02% 48,519 SH Aug. 19, 2026 Daily
RWL · Invesco Exchange-Traded Fund Trust … 0.02% 4,036 SH Oct. 2, 2026 Daily

FFIV Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

21
rating · 20 analysts BUY
Median target $438.00 -3.5%
3 15.0% Strong Buy
8 40.0% Buy
8 40.0% Hold
1 5.0% Sell
0 0.0% Strong Sell

12-Month Price Target

10 analysts · 2026-10-01

Mean target $436.10 -4.0%

Now Current price $454.04
Low$300.00 Mean$436.10 High$515.00

Peer comparison (GICS sub-industry) Key metrics vs sector peers

22

FY basis, prices as of each company's last fiscal year-end close.

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
FFIV $18.64B 27.4 9.7% 22.4% 20.1% 81.4%
ANET $164.64B 47.6 28.6% 39.0% 30.2% 64.1%
LITE $72.38B -8.8 83.2% -230.1% -252.6% 41.7%
MSI $63.52B 30.1 8.0% 18.4% 104.7% 51.7%
CIEN $26.78B 223.4 18.8% 2.6% 4.5% 42.0%
UI $32.32B 33.7 27.2% 29.3% 78.2% 46.2%
VIAV $11.76B -366.4 40.0% -2.0% -2.7% 57.7%
AAOI $2.61B -54.5 82.8% -8.4% -6.6% 30.0%
VSAT $6.25B -183.2 2.7% -0.73% -0.74% ·
ONDS $3.72B -15.7 605.3% -260.7% -57.0% 39.7%
EXTR $4.25B 104.4 12.6% 3.3% 45.7% 61.5%

Latest News Recent headlines mentioning this company

23

Trading Signals Recent buy/sell signals with entry price and risk/reward ratio

25

No open signal right now — no card is filled, and that's honest.

My Metrics Your personal watchlist — selected rows from Full Fundamentals

26

Pick the metrics that matter to you — click the + next to any row in Full Fundamentals above.

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Source: SEC 10-Q filed Aug 6, 2026