F5, Inc. (NASDAQ:FFIV) Shares Purchased by California State Teachers Retirement System

California State Teachers Retirement System grew its stake in shares of F5, Inc. (NASDAQ:FFIVFree Report) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 96,861 shares of the network technology company’s stock after buying an additional 426 shares during the period. California State Teachers Retirement System owned 0.16% of F5 worth $17,336,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC raised its stake in F5 by 203.5% in the 3rd quarter. Acadian Asset Management LLC now owns 484,516 shares of the network technology company’s stock valued at $78,052,000 after purchasing an additional 324,886 shares during the last quarter. Lyrical Asset Management LP raised its position in shares of F5 by 38.3% in the fourth quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock valued at $204,986,000 after buying an additional 317,263 shares during the last quarter. Norges Bank purchased a new position in shares of F5 during the fourth quarter valued at approximately $45,937,000. Ameriprise Financial Inc. boosted its position in F5 by 13.3% during the third quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock worth $292,001,000 after acquiring an additional 212,784 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in F5 by 3,545.5% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 172,977 shares of the network technology company’s stock worth $27,874,000 after acquiring an additional 168,232 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on FFIV shares. Royal Bank of Canada reduced their price target on F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 30th. Piper Sandler restated a “neutral” rating and issued a $167.00 price target (down previously from $187.00) on shares of F5 in a report on Tuesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of F5 in a report on Tuesday, April 30th. Finally, Evercore ISI cut their price target on shares of F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, F5 has a consensus rating of “Hold” and an average target price of $185.10.

Check Out Our Latest Stock Analysis on FFIV

Insider Transactions at F5

In related news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total transaction of $94,560.00. Following the sale, the chief financial officer now owns 31,790 shares of the company’s stock, valued at approximately $6,012,124.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total value of $94,560.00. Following the completion of the transaction, the chief financial officer now owns 31,790 shares of the company’s stock, valued at $6,012,124.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scot Frazier Rogers sold 3,315 shares of F5 stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $168.46, for a total value of $558,444.90. Following the sale, the executive vice president now owns 19,493 shares in the company, valued at $3,283,790.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,766 shares of company stock valued at $2,026,260. Corporate insiders own 0.58% of the company’s stock.

F5 Trading Down 0.7 %

Shares of FFIV stock opened at $165.77 on Friday. The company’s fifty day simple moving average is $176.92 and its 200-day simple moving average is $179.45. F5, Inc. has a 52 week low of $142.16 and a 52 week high of $199.49. The company has a market cap of $9.72 billion, a PE ratio of 19.85, a P/E/G ratio of 2.23 and a beta of 1.09.

F5 (NASDAQ:FFIVGet Free Report) last posted its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.70 earnings per share. Equities research analysts expect that F5, Inc. will post 9.64 EPS for the current fiscal year.

About F5

(Free Report)

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 distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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