State Board of Administration of Florida Retirement System Has $9.76 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

State Board of Administration of Florida Retirement System trimmed its position in F5, Inc. (NASDAQ:FFIV) by 6.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,014 shares of the network technology company’s stock after selling 4,690 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.11% of F5 worth $9,763,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Kentucky Retirement Systems Insurance Trust Fund raised its position in shares of F5 by 3.3% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,135 shares of the network technology company’s stock valued at $309,000 after acquiring an additional 69 shares during the period. Brinker Capital Investments LLC raised its holdings in F5 by 1.1% during the 1st quarter. Brinker Capital Investments LLC now owns 6,342 shares of the network technology company’s stock worth $1,325,000 after buying an additional 70 shares during the period. Czech National Bank raised its holdings in F5 by 1.1% during the 1st quarter. Czech National Bank now owns 7,083 shares of the network technology company’s stock worth $1,032,000 after buying an additional 76 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in F5 by 1.6% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,971 shares of the network technology company’s stock worth $724,000 after buying an additional 79 shares during the period. Finally, Cetera Investment Advisers raised its holdings in F5 by 2.5% during the 1st quarter. Cetera Investment Advisers now owns 3,272 shares of the network technology company’s stock worth $477,000 after buying an additional 81 shares during the period. 89.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at F5

In other F5 news, EVP Ana Maria White sold 170 shares of the firm’s stock in a transaction on Friday, July 14th. The stock was sold at an average price of $148.37, for a total transaction of $25,222.90. Following the completion of the sale, the executive vice president now owns 37,558 shares of the company’s stock, valued at approximately $5,572,480.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Ana Maria White sold 170 shares of F5 stock in a transaction on Friday, July 14th. The stock was sold at an average price of $148.37, for a total transaction of $25,222.90. Following the completion of the sale, the executive vice president now owns 37,558 shares of the company’s stock, valued at $5,572,480.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 2,201 shares of F5 stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $145.28, for a total value of $319,761.28. Following the sale, the chief executive officer now directly owns 106,136 shares of the company’s stock, valued at approximately $15,419,438.08. The disclosure for this sale can be found here. Insiders sold 9,139 shares of company stock valued at $1,434,198 in the last quarter. 0.60% of the stock is currently owned by insiders.

F5 Price Performance

Shares of F5 stock opened at $158.47 on Monday. The business has a fifty day simple moving average of $156.91 and a two-hundred day simple moving average of $147.55. F5, Inc. has a 1 year low of $127.05 and a 1 year high of $167.89. The company has a market capitalization of $9.40 billion, a price-to-earnings ratio of 28.76, a P/E/G ratio of 1.91 and a beta of 1.06.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, July 24th. The network technology company reported $3.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.86 by $0.35. F5 had a return on equity of 17.63% and a net margin of 11.84%. The business had revenue of $702.64 million during the quarter, compared to the consensus estimate of $698.93 million. During the same quarter last year, the firm posted $1.76 EPS. The company’s quarterly revenue was up 4.2% on a year-over-year basis. As a group, equities analysts anticipate that F5, Inc. will post 8.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Morgan Stanley restated an “equal weight” rating and set a $165.00 target price on shares of F5 in a report on Tuesday, July 25th. KeyCorp raised their price target on shares of F5 from $179.00 to $193.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 25th. Barclays raised their price target on shares of F5 from $140.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 25th. StockNews.com began coverage on shares of F5 in a research note on Thursday, August 17th. They set a “strong-buy” rating for the company. Finally, Bank of America raised their price target on shares of F5 from $145.00 to $155.00 in a research note on Friday, June 9th. Eight equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, F5 presently has a consensus rating of “Moderate Buy” and a consensus target price of $168.23.

F5 Profile

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.