F5, Inc. (NASDAQ:FFIV) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its stake in shares of F5, Inc. (NASDAQ:FFIV) by 1.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 273,614 shares of the network technology company’s stock after selling 4,890 shares during the quarter. California Public Employees Retirement System’s holdings in F5 were worth $68,806,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Cerity Partners LLC boosted its position in shares of F5 by 16.6% during the 3rd quarter. Cerity Partners LLC now owns 6,722 shares of the network technology company’s stock worth $1,480,000 after purchasing an additional 955 shares during the period. FMR LLC lifted its stake in F5 by 68.0% during the third quarter. FMR LLC now owns 58,236 shares of the network technology company’s stock worth $12,824,000 after purchasing an additional 23,563 shares in the last quarter. Townsquare Capital LLC purchased a new position in shares of F5 during the third quarter worth $447,000. Public Sector Pension Investment Board grew its stake in shares of F5 by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 2,519 shares of the network technology company’s stock valued at $555,000 after buying an additional 300 shares in the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of F5 by 2.0% in the 3rd quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company’s stock valued at $572,000 after buying an additional 50 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Bank of America raised their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Evercore ISI raised their price objective on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Morgan Stanley increased 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. Piper Sandler raised their price target on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Barclays upped their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $295.00.

Insider Buying and Selling

In related news, Director Marianne Budnik sold 1,872 shares of the business’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 of the company’s stock, valued at $314,689.04. The trade was a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the transaction, the chief executive officer now directly owns 151,247 shares in the company, valued at approximately $45,836,915.82. The trade was a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,932 shares of company stock worth $4,965,150 over the last 90 days. 0.52% of the stock is owned by insiders.

F5 Stock Performance

NASDAQ:FFIV opened at $268.58 on Wednesday. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $313.00. The stock has a market cap of $15.48 billion, a P/E ratio of 26.70, a P/E/G ratio of 3.85 and a beta of 1.10. The stock has a 50-day simple moving average of $284.98 and a 200-day simple moving average of $255.92.

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.