Arizona State Retirement System Has $2.78 Million Stock Position in F5, Inc. (NASDAQ:FFIV)

Arizona State Retirement System cut its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,154 shares of the network technology company’s stock after selling 268 shares during the quarter. Arizona State Retirement System’s holdings in F5 were worth $2,782,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Commerce Bank raised its stake in F5 by 3.1% during the 4th quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock valued at $342,000 after purchasing an additional 57 shares during the last quarter. Simon Quick Advisors LLC lifted its stake in shares of F5 by 4.9% in the second quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock valued at $233,000 after buying an additional 63 shares during the period. Tocqueville Asset Management L.P. grew its position in F5 by 0.6% during the first quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock worth $2,186,000 after buying an additional 64 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in F5 by 0.3% during the second quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock valued at $4,862,000 after acquiring an additional 73 shares during the period. Finally, Empirical Finance LLC raised its holdings in F5 by 3.6% in the 1st quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock valued at $409,000 after acquiring an additional 74 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

F5 Stock Up 0.5 %

NASDAQ:FFIV opened at $199.93 on Tuesday. The firm has a market cap of $11.65 billion, a PE ratio of 23.94, a price-to-earnings-growth ratio of 2.50 and a beta of 1.06. F5, Inc. has a 12 month low of $145.45 and a 12 month high of $205.92. The company’s 50-day moving average price is $187.72 and its two-hundred day moving average price is $182.00.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. F5’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.46 earnings per share. On average, research analysts expect that F5, Inc. will post 10.18 EPS for the current fiscal year.

Analyst Ratings Changes

FFIV has been the topic of several recent research reports. Barclays lifted their price objective on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Needham & Company LLC boosted their price target on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Piper Sandler raised their price objective on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. StockNews.com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 9th. Finally, Evercore ISI increased their price target on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $200.89.

Insiders Place Their Bets

In other news, EVP Scot Frazier Rogers sold 1,420 shares of the firm’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total value of $283,659.20. Following the completion of the sale, the executive vice president now directly owns 18,073 shares in the company, valued at $3,610,262.48. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $196.73, for a total transaction of $98,365.00. Following the transaction, the chief financial officer now owns 31,125 shares of the company’s stock, valued at approximately $6,123,221.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Scot Frazier Rogers sold 1,420 shares of F5 stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $199.76, for a total value of $283,659.20. Following the completion of the sale, the executive vice president now directly owns 18,073 shares of the company’s stock, valued at $3,610,262.48. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,771 shares of company stock valued at $1,261,555. 0.58% of the stock is currently owned by corporate insiders.

About F5

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.