F5, Inc. (NASDAQ:FFIV) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 8.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,857 shares of the network technology company's stock after selling 2,149 shares during the period. Public Employees Retirement System of Ohio's holdings in F5 were worth $5,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Northwest Investment Counselors LLC purchased a new stake in F5 during the 3rd quarter valued at $28,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of F5 in the 3rd quarter worth about $32,000. Family Firm Inc. purchased a new position in shares of F5 during the 2nd quarter worth about $25,000. Quest Partners LLC raised its position in F5 by 9,100.0% in the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company's stock worth $32,000 after purchasing an additional 182 shares during the period. Finally, Blue Trust Inc. lifted its stake in F5 by 49.7% in the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company's stock worth $46,000 after purchasing an additional 80 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Alan Higginson sold 825 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $239.77, for a total transaction of $197,810.25. Following the transaction, the director now directly owns 9,882 shares of the company's stock, valued at approximately $2,369,407.14. This represents a 7.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 600 shares of the firm's stock in a transaction on Friday, September 20th. The stock was sold at an average price of $217.50, for a total value of $130,500.00. Following the completion of the sale, the chief financial officer now directly owns 30,425 shares of the company's stock, valued at $6,617,437.50. The trade was a 1.93 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 3,475 shares of company stock worth $775,389. 0.58% of the stock is owned by corporate insiders.

F5 Stock Up 0.1 %

Shares of NASDAQ FFIV traded up $0.24 during midday trading on Friday, reaching $261.81. 564,530 shares of the company's stock traded hands, compared to its average volume of 534,335. The company has a market cap of $15.35 billion, a price-to-earnings ratio of 27.39, a P/E/G ratio of 3.52 and a beta of 1.06. The stock's 50 day simple moving average is $237.40 and its 200-day simple moving average is $205.85. F5, Inc. has a one year low of $159.01 and a one year high of $264.50.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.45 by $0.22. The business had revenue of $747.00 million for the quarter, compared to analysts' expectations of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. The business's revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $2.76 EPS. Equities analysts predict that F5, Inc. will post 11.01 EPS for the current fiscal year.

F5 announced that its Board of Directors has authorized a share buyback program on Monday, October 28th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the network technology company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Piper Sandler increased their price target on F5 from $186.00 to $246.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. StockNews.com upgraded F5 from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, October 29th. Barclays boosted their target price on shares of F5 from $214.00 to $246.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on shares of F5 from $225.00 to $250.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley boosted their price objective on shares of F5 from $215.00 to $230.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Seven investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $233.56.

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.