Truist Financial Corp Has $44.02 Million Stake in F5, Inc. (NASDAQ:FFIV)

Truist Financial Corp trimmed its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 13.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 245,919 shares of the network technology company's stock after selling 37,872 shares during the period. Truist Financial Corp owned approximately 0.41% of F5 worth $44,015,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Oak Thistle LLC raised its holdings in F5 by 24.1% during the third quarter. Oak Thistle LLC now owns 2,745 shares of the network technology company's stock worth $442,000 after acquiring an additional 533 shares in the last quarter. Czech National Bank raised its holdings in F5 by 44.9% during the third quarter. Czech National Bank now owns 10,373 shares of the network technology company's stock worth $1,672,000 after acquiring an additional 3,215 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in F5 by 3.9% during the third quarter. Asset Management One Co. Ltd. now owns 27,477 shares of the network technology company's stock worth $4,428,000 after acquiring an additional 1,044 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in F5 by 41.3% during the third quarter. Handelsbanken Fonder AB now owns 11,300 shares of the network technology company's stock worth $1,821,000 after acquiring an additional 3,300 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in F5 by 31.6% during the third quarter. Linden Thomas Advisory Services LLC now owns 10,471 shares of the network technology company's stock worth $1,687,000 after acquiring an additional 2,512 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Up 0.0 %

Shares of F5 stock traded up $0.09 on Friday, hitting $181.94. The stock had a trading volume of 391,847 shares, compared to its average volume of 371,714. F5, Inc. has a twelve month low of $129.93 and a twelve month high of $199.49. The business's 50 day moving average is $187.66 and its two-hundred day moving average is $176.53. The stock has a market cap of $10.70 billion, a price-to-earnings ratio of 23.66, a price-to-earnings-growth ratio of 2.68 and a beta of 1.11.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, beating the consensus estimate of $3.04 by $0.39. The company had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm's revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.65 earnings per share. As a group, equities analysts predict that F5, Inc. will post 9.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total transaction of $91,155.00. Following the sale, the chief financial officer now owns 32,290 shares of the company's stock, valued at $5,886,789.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the company's stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $188.85, for a total transaction of $273,832.50. Following the completion of the sale, the chief executive officer now directly owns 121,801 shares in the company, valued at $23,002,118.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the company's stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total value of $91,155.00. Following the sale, the chief financial officer now owns 32,290 shares of the company's stock, valued at $5,886,789.90. The disclosure for this sale can be found here. Insiders have sold 10,201 shares of company stock valued at $1,908,065 over the last 90 days. 0.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on FFIV shares. Royal Bank of Canada reiterated a "sector perform" rating and set a $204.00 target price on shares of F5 in a report on Friday, February 9th. KeyCorp boosted their price target on F5 from $186.00 to $204.00 and gave the stock an "overweight" rating in a research report on Thursday, January 18th. The Goldman Sachs Group boosted their price target on F5 from $156.00 to $179.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. boosted their price target on F5 from $197.00 to $205.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Finally, Piper Sandler boosted their price target on F5 from $170.00 to $187.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy 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 $192.22.

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.