New York State Common Retirement Fund Decreases Stock Holdings in F5, Inc. (NASDAQ:FFIV)

New York State Common Retirement Fund decreased its stake in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 9.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,180 shares of the network technology company's stock after selling 7,295 shares during the period. New York State Common Retirement Fund owned about 0.12% of F5 worth $13,098,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Washington Trust Advisors Inc. purchased a new position in shares of F5 in the 4th quarter worth approximately $36,000. Addison Advisors LLC lifted its holdings in F5 by 36.1% during the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company's stock worth $45,000 after acquiring an additional 74 shares during the period. Janiczek Wealth Management LLC boosted its position in F5 by 56.4% in the fourth quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company's stock worth $46,000 after purchasing an additional 93 shares during the last quarter. Anchor Investment Management LLC bought a new position in F5 in the 4th quarter valued at $51,000. Finally, Lindbrook Capital LLC increased its position in shares of F5 by 68.0% during the 4th quarter. Lindbrook Capital LLC now owns 294 shares of the network technology company's stock valued at $53,000 after purchasing an additional 119 shares during the last quarter. Institutional investors own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on FFIV. JPMorgan Chase & Co. lifted their price objective on shares of F5 from $197.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Barclays lowered their price target on shares of F5 from $206.00 to $189.00 and set an "equal weight" rating on the stock in a report on Tuesday. The Goldman Sachs Group increased their price objective on F5 from $156.00 to $179.00 and gave the company a "neutral" rating in a report on Tuesday, January 30th. Piper Sandler reissued a "neutral" rating and issued a $167.00 target price (down from $187.00) on shares of F5 in a research report on Tuesday. Finally, Evercore ISI dropped their price target on F5 from $200.00 to $180.00 and set an "in-line" rating on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, F5 currently has a consensus rating of "Hold" and an average target price of $185.10.

F5 Price Performance

FFIV stock traded down $16.82 during trading on Tuesday, reaching $165.31. The company had a trading volume of 2,061,308 shares, compared to its average volume of 463,137. F5, Inc. has a 52 week low of $129.93 and a 52 week high of $199.49. The business has a 50 day moving average of $187.66 and a 200 day moving average of $176.72. The company has a market cap of $9.72 billion, a P/E ratio of 21.50, a PEG ratio of 2.68 and a beta of 1.11.

F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.03. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. During the same quarter in the prior year, the company earned $1.70 EPS. The business's revenue was down 3.1% compared to the same quarter last year. Research analysts expect that F5, Inc. will post 9.59 earnings per share for the current year.

Insider Buying and Selling at F5

In other news, CEO Francois Locoh-Donou sold 6,400 shares of F5 stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $188.02, for a total transaction of $1,203,328.00. Following the completion of the transaction, the chief executive officer now directly owns 123,251 shares in the company, valued at $23,173,653.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Francois Locoh-Donou sold 6,400 shares of F5 stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the transaction, the chief executive officer now owns 123,251 shares of the company's stock, valued at approximately $23,173,653.02. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $178.81, for a total transaction of $89,405.00. Following the sale, the chief financial officer now directly owns 31,290 shares in the company, valued at $5,594,964.90. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,201 shares of company stock valued at $1,908,065. 0.58% of the stock is currently owned by company insiders.

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.