New York State Common Retirement Fund Cuts Stock Position in F5, Inc. (NASDAQ:FFIV)

New York State Common Retirement Fund reduced its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 7.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,536 shares of the network technology company's stock after selling 5,000 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of F5 worth $16,480,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of FFIV. Friedenthal Financial purchased a new position in shares of F5 during the 4th quarter valued at about $50,000. Venturi Wealth Management LLC grew its holdings in F5 by 79.8% during the third quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company's stock worth $70,000 after acquiring an additional 142 shares during the period. Point72 Hong Kong Ltd purchased a new position in F5 during the third quarter valued at approximately $84,000. Allworth Financial LP raised its position in F5 by 1,132.1% during the fourth quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock valued at $94,000 after acquiring an additional 317 shares in the last quarter. Finally, Wingate Wealth Advisors Inc. acquired a new position in F5 in the fourth quarter valued at approximately $99,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

FFIV has been the subject of several analyst reports. 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. Bank of America upped their price objective on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday, January 31st. Evercore ISI raised their target price on F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research report on Friday, January 17th. Royal Bank of Canada upped their price target on F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a report on Wednesday, January 29th. Finally, Piper Sandler raised their price objective on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $295.00.

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Insider Activity

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the transaction, the executive vice president now owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. The trade was a 14.80 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Marianne Budnik sold 728 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now owns 1,770 shares of the company's stock, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,060 shares of company stock worth $4,477,083 over the last ninety days. Corporate insiders own 0.52% of the company's stock.

F5 Price Performance

NASDAQ FFIV traded down $3.85 during trading hours on Thursday, hitting $290.97. 353,726 shares of the company's stock traded hands, compared to its average volume of 603,953. The firm's 50-day moving average is $277.74 and its 200-day moving average is $243.27. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The company has a market capitalization of $16.78 billion, a PE ratio of 28.92, a PEG ratio of 3.85 and a beta of 1.06.

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.