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

California Public Employees Retirement System reduced its position in F5, Inc. (NASDAQ:FFIV) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,614 shares of the network technology company’s stock after selling 4,890 shares during the period. California Public Employees Retirement System owned about 0.47% of F5 worth $68,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Crowley Wealth Management Inc. acquired a new position in shares of F5 in the fourth quarter worth about $35,000. Friedenthal Financial purchased a new position in shares of F5 in the 4th quarter valued at about $50,000. EverSource Wealth Advisors LLC raised its holdings in F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares during the period. Smithfield Trust Co purchased a new position in F5 during the fourth quarter worth approximately $57,000. Finally, Global Retirement Partners LLC grew its holdings in F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after purchasing an additional 282 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Marianne Budnik sold 728 shares of the firm’s 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 sale, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the transaction, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. This trade represents a 14.80 % 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 in the last three months. 0.52% of the stock is currently owned by insiders.

F5 Stock Performance

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

Analyst Ratings Changes

Several research analysts have recently weighed in on FFIV shares. Piper Sandler upped their target price on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Needham & Company LLC lifted their target price on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Bank of America upped their price target on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Finally, Evercore ISI raised their price target 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, F5 currently has a consensus rating of “Hold” and an average target price of $295.00.

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.