Texas Permanent School Fund Corp Sells 2,419 Shares of F5, Inc. (NASDAQ:FFIV)

Texas Permanent School Fund Corp decreased its position in shares of F5, Inc. (NASDAQ:FFIV) by 19.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,737 shares of the network technology company’s stock after selling 2,419 shares during the period. Texas Permanent School Fund Corp’s holdings in F5 were worth $1,677,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FFIV. Family Firm Inc. bought a new stake in shares of F5 during the 2nd quarter valued at $25,000. New Covenant Trust Company N.A. purchased a new stake in F5 in the 1st quarter worth $27,000. Quest Partners LLC raised its holdings in F5 by 9,100.0% during the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after acquiring an additional 182 shares during the period. Register Financial Advisors LLC purchased a new position in shares of F5 in the first quarter valued at about $38,000. Finally, Blue Trust Inc. lifted its position in shares of F5 by 49.7% in the second quarter. Blue Trust Inc. now owns 241 shares of the network technology company’s stock valued at $46,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Scot Frazier Rogers sold 1,420 shares of the 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 sale, the executive vice president now owns 18,073 shares of the company’s stock, valued at $3,610,262.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, EVP Scot Frazier Rogers sold 1,420 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $199.76, for a total transaction of $283,659.20. Following the transaction, the executive vice president now directly owns 18,073 shares in the company, valued at approximately $3,610,262.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50. Following the completion of the sale, the chief executive officer now directly owns 121,462 shares in the company, valued at $20,885,390.90. The disclosure for this sale can be found here. Insiders sold 7,271 shares of company stock valued at $1,378,205 over the last three months. 0.58% of the stock is owned by company insiders.

F5 Trading Down 0.5 %

Shares of NASDAQ:FFIV opened at $213.57 on Thursday. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 25.58, a PEG ratio of 2.55 and a beta of 1.06. F5, Inc. has a 12 month low of $145.45 and a 12 month high of $216.00. The company has a 50-day moving average price of $192.10 and a 200 day moving average price of $182.89.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data 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 business had revenue of $695.50 million for the quarter, compared to the consensus estimate of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.46 earnings per share. As a group, equities analysts forecast that F5, Inc. will post 10.18 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FFIV. Evercore ISI increased their target price on F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. StockNews.com lowered shares of F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. Barclays boosted their target price on shares of 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 raised their target price on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler boosted their price target on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $200.89.

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.