F5, Inc. (NASDAQ:FFIV) Shares Sold by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury decreased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,830 shares of the network technology company's stock after selling 5,022 shares during the period. State of Tennessee Department of Treasury's holdings in F5 were worth $3,981,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock worth $214,000 after acquiring an additional 35 shares in the last quarter. AMG National Trust Bank raised its position in shares of F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock valued at $1,987,000 after buying an additional 37 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of F5 by 2.8% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock valued at $404,000 after purchasing an additional 44 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after buying an additional 49 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in shares of F5 by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company's stock worth $243,000 after purchasing an additional 49 shares during the period. 90.66% of the stock is owned by institutional investors.

F5 Trading Down 0.9 %

Shares of FFIV stock traded down $2.35 on Tuesday, reaching $262.72. 1,279,811 shares of the stock were exchanged, compared to its average volume of 585,209. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The company has a market capitalization of $15.15 billion, a price-to-earnings ratio of 26.12, a PEG ratio of 3.85 and a beta of 1.14. The business's 50 day moving average price is $268.38 and its 200 day moving average price is $261.30.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping analysts' consensus estimates of $3.11 by $0.31. The business had revenue of $590.16 million for the quarter, compared to analysts' expectations of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The business's revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.91 earnings per share. Equities research analysts forecast that F5, Inc. will post 11.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FFIV. Bank of America raised their price target on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Friday, January 31st. Barclays cut their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday. Evercore ISI lifted their price objective on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research report on Friday, January 17th. William Blair reissued an "outperform" rating on shares of F5 in a research note on Tuesday. Finally, Piper Sandler boosted their price target on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, F5 has a consensus rating of "Hold" and a consensus target price of $282.56.

Insider Transactions at F5

In other news, insider Lyra Amber Schramm sold 253 shares of the company's stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the transaction, the insider now directly owns 200 shares of the company's stock, valued at $59,452. This represents a 55.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the 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 transaction, the director now directly owns 1,770 shares of the company's stock, valued at approximately $538,876.50. This trade represents a 29.14 % 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. Company insiders own 0.52% of the company's stock.

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.