Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $3.11 Million Position in F5, Inc. (NASDAQ:FFIV)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 2.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,353 shares of the network technology company’s stock after selling 335 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in F5 were worth $3,106,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FFIV. Friedenthal Financial acquired a new position in shares of F5 during the fourth quarter valued at $50,000. EverSource Wealth Advisors LLC boosted its stake in shares of F5 by 31.8% in the 4th 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 bought a new position in shares of F5 in the 4th quarter valued at about $57,000. Global Retirement Partners LLC grew its position in shares of F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after buying an additional 282 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in F5 in the third quarter valued at approximately $84,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Price Performance

NASDAQ:FFIV opened at $274.31 on Tuesday. The stock has a market capitalization of $15.81 billion, a PE ratio of 27.27, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The business’s 50-day simple moving average is $284.24 and its 200-day simple moving average is $253.12.

Analysts Set New Price Targets

A number of analysts have commented on FFIV shares. The Goldman Sachs Group lifted their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America lifted their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Needham & Company LLC increased their target price on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Royal Bank of Canada boosted their target price on F5 from $260.00 to $310.00 and gave the stock a “sector perform” 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 note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $295.00.

Insider Activity at F5

In other news, CEO Francois Locoh-Donou sold 6,500 shares of F5 stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the sale, the chief executive officer now directly owns 151,247 shares in the company, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the transaction, the director now owns 1,207 shares of the company’s stock, valued at $314,689.04. The trade was a 60.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is owned by corporate insiders.

About F5

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.