Teacher Retirement System of Texas Lowers Position in F5, Inc. (NASDAQ:FFIV)

Teacher Retirement System of Texas cut its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 24.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,509 shares of the network technology company's stock after selling 38,816 shares during the quarter. Teacher Retirement System of Texas owned about 0.21% of F5 worth $31,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FFIV. Golden State Wealth Management LLC grew its position in shares of F5 by 275.0% in the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after buying an additional 77 shares during the period. Park Square Financial Group LLC purchased a new position in F5 during the 4th quarter valued at about $31,000. Crowley Wealth Management Inc. bought a new stake in F5 during the fourth quarter worth about $35,000. Hurley Capital LLC purchased a new stake in F5 in the fourth quarter worth about $43,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of F5 by 31.8% during the fourth 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. 90.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at F5

In other F5 news, Director Elizabeth Buse sold 1,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total value of $440,295.00. Following the transaction, the director directly owned 5,013 shares of the company's stock, valued at approximately $1,471,465.89. This trade represents a 23.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Thomas Dean Fountain sold 1,347 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $269.03, for a total value of $362,383.41. Following the sale, the executive vice president owned 20,660 shares of the company's stock, valued at approximately $5,558,159.80. This represents a 6.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,519 shares of company stock worth $2,408,594. 0.52% of the stock is owned by corporate insiders.

F5 Stock Performance

Shares of NASDAQ:FFIV opened at $300.03 on Friday. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 28.47, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. The business has a 50-day simple moving average of $284.14 and a two-hundred day simple moving average of $275.92. F5, Inc. has a fifty-two week low of $169.55 and a fifty-two week high of $313.00.

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 firm had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The firm's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.91 earnings per share. As a group, research analysts predict that F5, Inc. will post 11.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

FFIV has been the topic of a number of analyst reports. William Blair reissued an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. JPMorgan Chase & Co. dropped their target price on F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Barclays cut their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen lowered F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $290.00 price target on shares of F5 in a research note on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, F5 has an average rating of "Hold" and an average target price of $282.56.

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.

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