F5, Inc. (NASDAQ:FFIV) Shares Sold by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS cut its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,353 shares of the network technology company’s stock after selling 335 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in F5 were worth $3,106,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC increased its stake in F5 by 3.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock worth $1,208,763,000 after purchasing an additional 191,020 shares in the last quarter. State Street Corp increased its position in shares of F5 by 0.5% in the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock worth $701,825,000 after acquiring an additional 16,663 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of F5 by 8.0% during the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock valued at $345,560,000 after acquiring an additional 117,080 shares during the period. JPMorgan Chase & Co. lifted its position in shares of F5 by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after acquiring an additional 81,005 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its stake in F5 by 7.7% in the 3rd quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock worth $83,101,000 after purchasing an additional 27,124 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Insider Activity at F5

In other news, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the transaction, the executive vice president now owns 27,264 shares in the company, valued at approximately $7,915,557.12. This represents a 13.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 728 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the sale, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock worth $4,965,150 in the last ninety days. 0.52% of the stock is currently owned by insiders.

F5 Stock Performance

F5 stock opened at $274.31 on Tuesday. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The firm has a market capitalization of $15.81 billion, a PE ratio of 27.27, a PEG ratio of 3.85 and a beta of 1.10. The business’s 50-day simple moving average is $284.24 and its 200-day simple moving average is $253.12.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley boosted their target price on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada increased their price objective on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Piper Sandler raised their price objective on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Needham & Company LLC upped their target price on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Barclays raised their price target on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, F5 presently has an average rating of “Hold” and a consensus target price of $295.00.

F5 Company 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.