California Public Employees Retirement System trimmed its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 273,614 shares of the network technology company's stock after selling 4,890 shares during the quarter. California Public Employees Retirement System owned approximately 0.47% of F5 worth $68,806,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Cerity Partners LLC raised its position in shares of F5 by 16.6% in the third quarter. Cerity Partners LLC now owns 6,722 shares of the network technology company's stock valued at $1,480,000 after buying an additional 955 shares during the last quarter. FMR LLC raised its holdings in F5 by 68.0% in the 3rd quarter. FMR LLC now owns 58,236 shares of the network technology company's stock valued at $12,824,000 after acquiring an additional 23,563 shares during the last quarter. Townsquare Capital LLC acquired a new position in F5 in the 3rd quarter valued at $447,000. Public Sector Pension Investment Board lifted its stake in shares of F5 by 13.5% during the 3rd quarter. Public Sector Pension Investment Board now owns 2,519 shares of the network technology company's stock worth $555,000 after purchasing an additional 300 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of F5 by 2.0% during the third quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company's stock worth $572,000 after purchasing an additional 50 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the transaction, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now owns 148,647 shares of the company's stock, valued at $39,446,454.39. This represents a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,232 shares of company stock worth $5,310,131. 0.52% of the stock is currently owned by corporate insiders.
F5 Stock Down 4.7 %
Shares of FFIV stock traded down $11.73 during mid-day trading on Friday, reaching $239.25. The company's stock had a trading volume of 725,506 shares, compared to its average volume of 569,659. The firm has a market capitalization of $13.79 billion, a PE ratio of 23.78, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. The company's 50 day simple moving average is $283.88 and its 200-day simple moving average is $256.18. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. The Goldman Sachs Group increased their target price on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Evercore ISI raised their target price on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research report on Friday, January 17th. Needham & Company LLC upped their price target on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Morgan Stanley increased their price target on shares of F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a research note on Wednesday, January 29th. Finally, Bank of America boosted their price objective on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, F5 has a consensus rating of "Hold" and a consensus price target of $295.00.
Check Out Our Latest Stock Analysis on FFIV
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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