Public Sector Pension Investment Board Has $382,000 Stake in F5, Inc. (NASDAQ:FFIV)

Public Sector Pension Investment Board increased its holdings in F5, Inc. (NASDAQ:FFIV) by 65.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,219 shares of the network technology company’s stock after buying an additional 879 shares during the period. Public Sector Pension Investment Board’s holdings in F5 were worth $382,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of F5 by 0.4% in the first quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock valued at $1,415,294,000 after buying an additional 29,154 shares in the last quarter. American Century Companies Inc. raised its position in shares of F5 by 10.5% in the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after buying an additional 162,820 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of F5 by 6,700.2% in the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after buying an additional 835,912 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of F5 by 14.2% in the first quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock valued at $118,607,000 after buying an additional 77,611 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of F5 by 8.9% in the second quarter. Dimensional Fund Advisors LP now owns 598,605 shares of the network technology company’s stock valued at $103,096,000 after buying an additional 48,742 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Performance

NASDAQ FFIV opened at $218.08 on Friday. The firm’s fifty day moving average price is $201.62 and its two-hundred day moving average price is $185.08. The stock has a market cap of $12.78 billion, a PE ratio of 26.01, a PEG ratio of 2.77 and a beta of 1.06. F5, Inc. has a fifty-two week low of $145.45 and a fifty-two week high of $223.74.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, topping the consensus estimate of $2.97 by $0.39. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $686.06 million. During the same quarter in the previous year, the firm posted $2.46 earnings per share. F5’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, sell-side analysts predict that F5, Inc. will post 10.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on FFIV. Barclays lifted their price target on shares of F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. StockNews.com downgraded shares of F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. The Goldman Sachs Group boosted their price objective on shares of F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Evercore ISI boosted their price objective on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. Finally, Royal Bank of Canada boosted their price objective on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $204.56.

Insider Buying and Selling

In related news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the sale, the chief financial officer now owns 31,108 shares of the company’s stock, valued at $5,481,229.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total transaction of $88,100.00. Following the sale, the chief financial officer now owns 31,108 shares of the company’s stock, valued at $5,481,229.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $217.50, for a total transaction of $130,500.00. Following the sale, the chief financial officer now directly owns 30,425 shares in the company, valued at approximately $6,617,437.50. The disclosure for this sale can be found here. Insiders have sold a total of 6,421 shares of company stock valued at $1,259,378 over the last 90 days. 0.58% of the stock is owned by insiders.

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.