Public Employees Retirement System of Ohio Sells 1,447 Shares of F5, Inc. (NASDAQ:FFIV)

Public Employees Retirement System of Ohio lessened its stake in F5, Inc. (NASDAQ:FFIV - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,410 shares of the network technology company's stock after selling 1,447 shares during the quarter. Public Employees Retirement System of Ohio's holdings in F5 were worth $5,384,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Crowley Wealth Management Inc. purchased a new stake in shares of F5 in the 4th quarter valued at approximately $35,000. Hurley Capital LLC bought a new position in shares of F5 during the 4th quarter valued at $43,000. EverSource Wealth Advisors LLC raised its holdings in shares of F5 by 31.8% during 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 in the last quarter. Smithfield Trust Co acquired a new position in F5 in the 4th quarter valued at $57,000. Finally, Kayne Anderson Rudnick Investment Management LLC acquired a new position in F5 in the 4th quarter valued at $60,000. Institutional investors and hedge funds own 90.66% of the company's stock.

Insider Activity

In other F5 news, 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 value of $488,067.84. Following the completion of the transaction, the director now owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael L. Dreyer sold 1,800 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total value of $514,728.00. Following the transaction, the director now owns 4,376 shares of the company's stock, valued at $1,251,360.96. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,891 shares of company stock valued at $2,418,732. 0.52% of the stock is currently owned by company insiders.

F5 Stock Performance

FFIV traded up $1.12 during mid-day trading on Friday, reaching $281.71. 1,291,159 shares of the stock were exchanged, compared to its average volume of 571,581. The company has a 50 day moving average price of $268.13 and a two-hundred day moving average price of $269.08. The stock has a market capitalization of $16.18 billion, a PE ratio of 28.00, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. F5, Inc. has a 1 year low of $164.45 and a 1 year high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last announced its quarterly earnings results 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 firm had revenue of $590.16 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $2.91 earnings per share. Sell-side analysts expect that F5, Inc. will post 11.2 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on FFIV. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a report on Thursday, May 22nd. William Blair reaffirmed an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Bank of America boosted their price target 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. JPMorgan Chase & Co. decreased their price objective on shares of F5 from $296.00 to $285.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Piper Sandler upped their price target on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, F5 has a consensus rating of "Hold" and an average target price of $282.56.

F5 Company 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.