F5, Inc. (NASDAQ:FFIV) Position Increased by California State Teachers Retirement System

California State Teachers Retirement System boosted its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 101,116 shares of the network technology company's stock after acquiring an additional 965 shares during the period. California State Teachers Retirement System owned 0.18% of F5 worth $25,428,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in F5 by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company's stock valued at $1,897,154,000 after buying an additional 64,261 shares during the period. Geode Capital Management LLC raised its holdings in F5 by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock valued at $402,536,000 after buying an additional 30,367 shares during the period. First Trust Advisors LP raised its holdings in F5 by 3.1% in the 4th quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock valued at $316,814,000 after buying an additional 37,354 shares during the period. Northern Trust Corp raised its holdings in F5 by 38.0% in the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock valued at $229,597,000 after buying an additional 251,534 shares during the period. Finally, Norges Bank purchased a new stake in F5 in the 4th quarter valued at about $171,127,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of F5 from $269.00 to $280.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Piper Sandler boosted their price target on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. cut their price target on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Wall Street Zen lowered shares of F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Barclays cut their price target on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $282.56.

F5 Price Performance

NASDAQ:FFIV traded up $1.12 during mid-day trading on Friday, reaching $281.71. The company's stock had a trading volume of 1,291,159 shares, compared to its average volume of 569,308. The company's fifty day simple moving average is $268.13 and its two-hundred day simple moving average is $269.24. F5, Inc. has a twelve month low of $164.45 and a twelve month high of $313.00. The stock has a market cap of $16.18 billion, a P/E ratio of 28.00, a P/E/G ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.31. The business had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. F5 had a return on equity of 20.98% and a net margin of 20.58%. The company's revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company posted $2.91 EPS. Sell-side analysts expect that F5, Inc. will post 11.2 EPS for the current fiscal year.

Insider Activity at F5

In other F5 news, Director Marianne Budnik sold 1,872 shares of F5 stock in a transaction that occurred 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 sale, the director now directly owns 1,207 shares in the company, valued at $314,689.04. The trade was a 60.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares of the company's stock, valued at $39,446,454.39. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 8,891 shares of company stock worth $2,418,732. 0.52% of the stock is currently owned by company insiders.

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.