Illinois Municipal Retirement Fund Purchases 5,577 Shares of F5, Inc. (NASDAQ:FFIV)

Illinois Municipal Retirement Fund lifted its position in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,801 shares of the network technology company's stock after purchasing an additional 5,577 shares during the quarter. Illinois Municipal Retirement Fund owned 0.10% of F5 worth $11,061,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in F5 by 21.9% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 6,092 shares of the network technology company's stock valued at $1,090,000 after acquiring an additional 1,094 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in F5 in the 4th quarter valued at $416,000. Lindbrook Capital LLC lifted its position in F5 by 68.0% in the 4th quarter. Lindbrook Capital LLC now owns 294 shares of the network technology company's stock valued at $53,000 after acquiring an additional 119 shares in the last quarter. abrdn plc lifted its position in F5 by 23.8% in the 4th quarter. abrdn plc now owns 26,576 shares of the network technology company's stock valued at $4,757,000 after acquiring an additional 5,117 shares in the last quarter. Finally, AIA Group Ltd bought a new stake in F5 in the 4th quarter valued at $347,000. 90.66% of the stock is owned by institutional investors.

F5 Stock Performance

Shares of FFIV stock traded up $0.68 during midday trading on Tuesday, hitting $180.23. 419,512 shares of the company were exchanged, compared to its average volume of 433,184. The firm has a market capitalization of $10.60 billion, a P/E ratio of 23.35, a PEG ratio of 2.61 and a beta of 1.11. The firm's 50 day moving average price is $187.80 and its two-hundred day moving average price is $175.83. F5, Inc. has a 52 week low of $129.93 and a 52 week high of $199.49.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.04 by $0.39. The business had revenue of $693.00 million during the quarter, compared to the consensus estimate of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. F5's revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.65 EPS. Analysts expect that F5, Inc. will post 9.59 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $220.00 price target on shares of F5 in a research note on Tuesday, February 13th. Barclays lifted their price target on shares of F5 from $163.00 to $206.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 30th. Piper Sandler lifted their price target on shares of F5 from $170.00 to $187.00 and gave the company a "neutral" rating in a research note on Tuesday, January 30th. KeyCorp lifted their price target on shares of F5 from $186.00 to $204.00 and gave the company an "overweight" rating in a research note on Thursday, January 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of F5 from $197.00 to $205.00 and gave the company a "neutral" rating in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $192.22.

Insider Buying and Selling

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the business's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the sale, the executive vice president now owns 15,008 shares of the company's stock, valued at approximately $2,747,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the business's stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the sale, the executive vice president now owns 15,008 shares of the company's stock, valued at approximately $2,747,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $182.31, for a total transaction of $91,155.00. Following the completion of the sale, the chief financial officer now directly owns 32,290 shares of the company's stock, valued at approximately $5,886,789.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,701 shares of company stock valued at $1,818,660. Company insiders own 0.58% of the company's stock.

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.