New York State Teachers Retirement System Has $8.77 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

New York State Teachers Retirement System cut its stake in shares of F5, Inc. (NASDAQ:FFIV) by 9.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 50,930 shares of the network technology company’s stock after selling 5,116 shares during the period. New York State Teachers Retirement System owned 0.09% of F5 worth $8,772,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in F5 during the fourth quarter valued at approximately $25,000. New Covenant Trust Company N.A. acquired a new position in F5 during the first quarter valued at approximately $27,000. Pacific Capital Wealth Advisors Inc. acquired a new position in F5 during the fourth quarter valued at approximately $34,000. Register Financial Advisors LLC acquired a new position in F5 during the first quarter valued at approximately $38,000. Finally, Blue Trust Inc. lifted its position in shares of F5 by 49.7% in the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock valued at $46,000 after buying an additional 80 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Piper Sandler raised their price objective on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. StockNews.com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a report on Friday, August 9th. Evercore ISI increased their price target on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada raised their price objective on shares of F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, F5 has a consensus rating of “Hold” and an average price target of $200.89.

Insider Activity at F5

In related news, EVP Scot Frazier Rogers sold 3,315 shares of the firm’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $168.46, for a total transaction of $558,444.90. Following the sale, the executive vice president now owns 19,493 shares of the company’s stock, valued at approximately $3,283,790.78. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $169.55, for a total transaction of $245,847.50. Following the completion of the transaction, the chief executive officer now directly owns 122,912 shares in the company, valued at $20,839,729.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scot Frazier Rogers sold 3,315 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $168.46, for a total value of $558,444.90. Following the completion of 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. Insiders have sold 13,686 shares of company stock valued at $2,423,690 over the last ninety days. 0.58% of the stock is owned by corporate insiders.

F5 Stock Performance

FFIV opened at $199.01 on Friday. F5, Inc. has a fifty-two week low of $145.45 and a fifty-two week high of $205.92. The company has a market capitalization of $11.66 billion, a P/E ratio of 23.83, a P/E/G ratio of 2.49 and a beta of 1.08. The stock has a fifty day moving average of $181.00 and a 200-day moving average of $180.75.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.39. F5 had a return on equity of 21.03% and a net margin of 19.94%. The company had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. During the same quarter last year, the firm earned $2.46 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts predict that F5, Inc. will post 10.03 earnings per share for the current fiscal year.

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