Retirement Systems of Alabama Has $66.34 Million Position in F5, Inc. (NASDAQ:FFIV)

Retirement Systems of Alabama lowered its stake in shares of F5, Inc. (NASDAQ:FFIV) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 370,660 shares of the network technology company’s stock after selling 250 shares during the quarter. Retirement Systems of Alabama owned about 0.62% of F5 worth $66,341,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund boosted its position in F5 by 9.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,801 shares of the network technology company’s stock worth $11,061,000 after purchasing an additional 5,577 shares during the period. True Wealth Design LLC boosted its position in shares of F5 by 268,450.0% in the third quarter. True Wealth Design LLC now owns 5,371 shares of the network technology company’s stock valued at $865,000 after acquiring an additional 5,369 shares during the period. Ontario Teachers Pension Plan Board boosted its position in shares of F5 by 133.9% in the third quarter. Ontario Teachers Pension Plan Board now owns 10,530 shares of the network technology company’s stock valued at $1,697,000 after acquiring an additional 6,028 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of F5 in the third quarter valued at approximately $438,000. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of F5 by 9.1% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,967 shares of the network technology company’s stock valued at $29,526,000 after acquiring an additional 13,711 shares during the period. Institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on FFIV shares. KeyCorp increased their price objective on F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. Barclays upped their target price on F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group upped their target price on F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. JPMorgan Chase & Co. upped their target price on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $220.00 target price on shares of F5 in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $192.22.

Insider Activity at F5

In related news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $178.81, for a total value of $89,405.00. Following the sale, the chief financial officer now owns 31,290 shares of the company’s stock, valued at approximately $5,594,964.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $178.81, for a total value of $89,405.00. Following the sale, the chief financial officer now owns 31,290 shares of the company’s stock, valued at approximately $5,594,964.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total value of $155,784.06. Following the transaction, the executive vice president now directly owns 15,008 shares in the company, valued at approximately $2,747,364.48. The disclosure for this sale can be found here. Insiders have sold a total of 10,201 shares of company stock worth $1,908,065 over the last 90 days. Insiders own 0.58% of the company’s stock.

F5 Price Performance

Shares of NASDAQ:FFIV traded up $0.09 during midday trading on Friday, reaching $181.94. The company’s stock had a trading volume of 391,847 shares, compared to its average volume of 371,714. F5, Inc. has a fifty-two week low of $129.93 and a fifty-two week high of $199.49. The company has a market capitalization of $10.70 billion, a P/E ratio of 23.66, a P/E/G ratio of 2.68 and a beta of 1.11. The business’s fifty day simple moving average is $187.66 and its 200-day simple moving average is $176.53.

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

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.