State of New Jersey Common Pension Fund D Sells 2,760 Shares of F5, Inc. (NASDAQ:FFIV)

State of New Jersey Common Pension Fund D lessened its position in shares of F5, Inc. (NASDAQ:FFIV) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,987 shares of the network technology company’s stock after selling 2,760 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in F5 were worth $5,009,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Optimum Investment Advisors increased its position in shares of F5 by 5.5% during the fourth quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock worth $206,000 after purchasing an additional 60 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in F5 by 15.9% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 518 shares of the network technology company’s stock worth $83,000 after purchasing an additional 71 shares in the last quarter. Addison Advisors LLC grew its stake in F5 by 36.1% in the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after acquiring an additional 74 shares during the period. Czech National Bank increased its stake in shares of F5 by 0.8% during the fourth quarter. Czech National Bank now owns 10,457 shares of the network technology company’s stock worth $1,872,000 after purchasing an additional 84 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of F5 by 0.5% during the third quarter. Arizona State Retirement System now owns 16,496 shares of the network technology company’s stock valued at $2,658,000 after acquiring an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Price Performance

Shares of F5 stock traded up $0.09 during trading on Friday, hitting $181.94. The stock had a trading volume of 391,841 shares, compared to its average volume of 436,331. F5, Inc. has a fifty-two week low of $129.93 and a fifty-two week high of $199.49. The firm has a market cap of $10.70 billion, a P/E ratio of 23.66, a PEG ratio of 2.68 and a beta of 1.11. The business has a fifty day moving average of $187.66 and a two-hundred day moving average of $176.26.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.39. The business had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. F5 had a return on equity of 20.81% and a net margin of 16.43%. F5’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 earnings per share. As a group, research analysts forecast that F5, Inc. will post 9.59 earnings per share for the current year.

Insider Activity

In related news, CEO Francois Locoh-Donou sold 6,400 shares of the stock in a transaction dated Friday, March 1st. The shares were 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 $23,173,653.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction on Tuesday, February 20th. The stock was 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 $5,886,789.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 6,400 shares of the company’s stock in a transaction 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 sale, the chief executive officer now owns 123,251 shares of the company’s stock, valued at approximately $23,173,653.02. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,201 shares of company stock valued at $1,908,065. 0.58% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on FFIV shares. Royal Bank of Canada restated a “sector perform” rating and issued a $204.00 price target on shares of F5 in a research note on Friday, February 9th. Barclays lifted their price objective on F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. JPMorgan Chase & Co. increased their price target on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Piper Sandler boosted their target price on F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group increased their price target on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $192.22.

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.