Franklin Resources Inc. Lowers Stake in F5, Inc. (NASDAQ:FFIV)

Franklin Resources Inc. lowered its stake in shares of F5, Inc. (NASDAQ:FFIVGet Rating) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 558,503 shares of the network technology company’s stock after selling 14,101 shares during the period. Franklin Resources Inc.’s holdings in F5 were worth $85,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of FFIV. Rhumbline Advisers lifted its holdings in shares of F5 by 10.3% during the 2nd quarter. Rhumbline Advisers now owns 117,132 shares of the network technology company’s stock valued at $17,926,000 after purchasing an additional 10,925 shares during the last quarter. AlphaCrest Capital Management LLC lifted its holdings in shares of F5 by 271.5% during the 2nd quarter. AlphaCrest Capital Management LLC now owns 9,153 shares of the network technology company’s stock valued at $1,401,000 after purchasing an additional 6,689 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of F5 by 3.1% during the 2nd quarter. Cetera Investment Advisers now owns 2,971 shares of the network technology company’s stock valued at $455,000 after purchasing an additional 88 shares during the last quarter. FORA Capital LLC purchased a new stake in shares of F5 during the 2nd quarter valued at $511,000. Finally, Trexquant Investment LP purchased a new stake in shares of F5 during the 2nd quarter valued at $1,195,000. Hedge funds and other institutional investors own 93.62% of the company’s stock.

Wall Street Analyst Weigh In

FFIV has been the subject of several analyst reports. Royal Bank of Canada decreased their price objective on F5 from $175.00 to $160.00 and set a “sector perform” rating for the company in a report on Wednesday, October 26th. Piper Sandler cut their target price on F5 from $173.00 to $164.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 26th. Credit Suisse Group upped their target price on F5 from $169.00 to $173.00 and gave the company a “neutral” rating in a research report on Wednesday, October 26th. Needham & Company LLC cut their target price on F5 from $303.00 to $200.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Finally, Morgan Stanley cut their target price on F5 from $205.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 11th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $190.23.

Insider Activity

In other news, EVP Geng Lin sold 2,152 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $145.04, for a total transaction of $312,126.08. Following the sale, the executive vice president now directly owns 8,451 shares in the company, valued at approximately $1,225,733.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Geng Lin sold 2,152 shares of the firm’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $145.04, for a total transaction of $312,126.08. Following the sale, the executive vice president now directly owns 8,451 shares in the company, valued at approximately $1,225,733.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ana Maria White sold 170 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $149.95, for a total value of $25,491.50. Following the sale, the executive vice president now owns 36,250 shares in the company, valued at $5,435,687.50. The disclosure for this sale can be found here. Insiders have sold 12,157 shares of company stock worth $1,722,035 in the last ninety days. Company insiders own 0.46% of the company’s stock.

F5 Stock Performance

Shares of FFIV opened at $155.73 on Thursday. The business’s 50-day moving average is $145.76 and its two-hundred day moving average is $155.24. The company has a market capitalization of $9.40 billion, a P/E ratio of 29.44, a P/E/G ratio of 1.83 and a beta of 1.09. F5, Inc. has a fifty-two week low of $133.68 and a fifty-two week high of $249.00.

F5 Company Profile

(Get Rating)

F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

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Institutional Ownership by Quarter for F5 (NASDAQ:FFIV)

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