Teacher Retirement System of Texas Trims Stock Position in F5, Inc. $FFIV

Teacher Retirement System of Texas cut its stake in F5, Inc. (NASDAQ:FFIV) by 32.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,968 shares of the network technology company’s stock after selling 38,541 shares during the period. Teacher Retirement System of Texas’ holdings in F5 were worth $23,831,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FFIV. Whipplewood Advisors LLC raised its holdings in shares of F5 by 275.0% in the second quarter. Whipplewood Advisors LLC now owns 90 shares of the network technology company’s stock valued at $26,000 after buying an additional 66 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of F5 by 134.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Golden State Wealth Management LLC raised its holdings in shares of F5 by 275.0% in the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock valued at $28,000 after buying an additional 77 shares during the last quarter. Groupe la Francaise purchased a new stake in shares of F5 in the first quarter valued at about $34,000. Finally, Flaharty Asset Management LLC purchased a new stake in shares of F5 in the first quarter valued at about $35,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on FFIV shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of F5 in a report on Wednesday, October 8th. Barclays upped their target price on shares of F5 from $274.00 to $321.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. upped their target price on shares of F5 from $285.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Piper Sandler upped their target price on shares of F5 from $304.00 to $355.00 and gave the company a “neutral” rating in a report on Thursday, July 31st. Finally, Wolfe Research assumed coverage on shares of F5 in a research note on Monday, July 7th. They set an “outperform” rating on the stock. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, F5 presently has an average rating of “Hold” and a consensus price target of $314.33.

Insider Activity at F5

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $320.61, for a total value of $416,793.00. Following the sale, the chief executive officer directly owned 107,553 shares in the company, valued at $34,482,567.33. This represents a 1.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lyra Amber Schramm sold 2,701 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $316.57, for a total transaction of $855,055.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,945 shares of company stock valued at $3,796,542. 0.52% of the stock is owned by corporate insiders.

F5 Trading Down 2.7%

Shares of FFIV opened at $290.41 on Tuesday. The firm’s 50-day moving average is $319.77 and its two-hundred day moving average is $299.78. F5, Inc. has a twelve month low of $216.16 and a twelve month high of $346.00. The firm has a market capitalization of $16.68 billion, a P/E ratio of 25.59, a PEG ratio of 3.28 and a beta of 1.06.

F5 (NASDAQ:FFIV) last issued its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.67. F5 had a net margin of 22.06% and a return on equity of 21.77%. The company had revenue of $780.37 million for the quarter, compared to analyst estimates of $750.64 million. During the same period in the prior year, the business posted $3.36 earnings per share. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. F5 has set its FY 2025 guidance at 15.240-15.380 EPS. Q4 2025 guidance at 3.870-3.990 EPS. Analysts predict that F5, Inc. will post 11.2 EPS for the current year.

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.