Oregon Public Employees Retirement Fund Cuts Stake in F5, Inc. (NASDAQ:FFIV)

Oregon Public Employees Retirement Fund reduced its position in F5, Inc. (NASDAQ:FFIV) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,994 shares of the network technology company’s stock after selling 43 shares during the period. Oregon Public Employees Retirement Fund’s holdings in F5 were worth $1,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Amalgamated Bank grew its holdings in F5 by 2.4% in the fourth quarter. Amalgamated Bank now owns 11,729 shares of the network technology company’s stock worth $2,949,000 after purchasing an additional 270 shares during the last quarter. Edge Capital Group LLC acquired a new stake in shares of F5 during the fourth quarter worth $59,623,000. Crestwood Advisors Group LLC acquired a new stake in shares of F5 during the fourth quarter worth $206,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of F5 by 33.5% during the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,480 shares of the network technology company’s stock worth $8,922,000 after buying an additional 8,900 shares during the period. Finally, Lipe & Dalton lifted its stake in shares of F5 by 19.2% during the fourth quarter. Lipe & Dalton now owns 1,240 shares of the network technology company’s stock worth $312,000 after buying an additional 200 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FFIV has been the subject of several research reports. Evercore ISI lifted their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research note on Friday, January 17th. 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 note on Wednesday, January 29th. Piper Sandler lifted their price objective on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada lifted their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. Finally, Bank of America lifted their price objective 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. 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 assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $295.00.

Insiders Place Their Bets

In other F5 news, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 151,247 shares in the company, valued at approximately $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Chad Michael Whalen sold 4,093 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the transaction, the executive vice president now owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,060 shares of company stock worth $4,477,083. Company insiders own 0.52% of the company’s stock.

F5 Price Performance

NASDAQ FFIV opened at $292.43 on Friday. The company has a fifty day moving average of $279.35 and a 200 day moving average of $244.69. The company has a market capitalization of $16.86 billion, a PE ratio of 29.07, a P/E/G ratio of 3.85 and a beta of 1.06. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00.

F5 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.