Teacher Retirement System of Texas Has $39.81 Million Stake in F5, Inc. (NASDAQ:FFIV)

Teacher Retirement System of Texas boosted its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 36.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,325 shares of the network technology company's stock after purchasing an additional 42,050 shares during the period. Teacher Retirement System of Texas owned approximately 0.27% of F5 worth $39,814,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Friedenthal Financial acquired a new stake in shares of F5 during the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC lifted its holdings in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after purchasing an additional 49 shares during the last quarter. Smithfield Trust Co acquired a new position in shares of F5 in the 4th quarter valued at $57,000. Global Retirement Partners LLC increased its stake in F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock worth $80,000 after purchasing an additional 282 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in F5 by 1,132.1% during the 4th quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock worth $94,000 after buying an additional 317 shares during the period. 90.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on FFIV. Morgan Stanley raised their target price on shares of F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. Barclays lifted their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Needham & Company LLC boosted their target price on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group raised 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. Finally, Piper Sandler upped their price target on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $295.00.

F5 Trading Up 0.3 %

FFIV stock traded up $0.74 during mid-day trading on Tuesday, hitting $275.05. The stock had a trading volume of 570,736 shares, compared to its average volume of 540,146. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The company has a fifty day moving average of $284.24 and a 200 day moving average of $253.12. The stock has a market capitalization of $15.86 billion, a price-to-earnings ratio of 27.34, a PEG ratio of 3.85 and a beta of 1.10.

Insiders Place Their Bets

In related news, Director Marianne Budnik sold 1,872 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Chad Michael Whalen sold 4,093 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 27,264 shares in the company, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,932 shares of company stock valued at $4,965,150 over the last ninety days. Corporate 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.