Thrivent Financial for Lutherans Reduces Holdings in F5, Inc. (NASDAQ:FFIV)

Thrivent Financial for Lutherans decreased its position in F5, Inc. (NASDAQ:FFIV - Free Report) by 26.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,747 shares of the network technology company's stock after selling 7,404 shares during the quarter. Thrivent Financial for Lutherans' holdings in F5 were worth $5,217,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Edge Capital Group LLC bought a new stake in shares of F5 during the 4th quarter valued at about $59,623,000. Cookson Peirce & Co. Inc. purchased a new stake in F5 in the fourth quarter worth about $53,212,000. Hotchkis & Wiley Capital Management LLC boosted its position in F5 by 3.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company's stock valued at $1,208,763,000 after acquiring an additional 191,020 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of F5 during the 3rd quarter worth approximately $35,090,000. Finally, Jupiter Asset Management Ltd. grew its holdings in shares of F5 by 83.1% during the 4th quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock worth $74,562,000 after acquiring an additional 134,537 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at F5

In other F5 news, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares of the company's stock, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,932 shares of company stock valued at $4,965,150. Corporate insiders own 0.52% of the company's stock.

F5 Stock Performance

NASDAQ FFIV traded down $6.20 during trading on Friday, hitting $263.88. The stock had a trading volume of 490,907 shares, compared to its average volume of 564,347. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 3.85 and a beta of 1.10. The stock has a 50 day simple moving average of $284.92 and a 200 day simple moving average of $253.90. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

Wall Street Analyst Weigh In

Several research firms recently commented on FFIV. Royal Bank of Canada boosted their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted their price target on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Piper Sandler raised their price objective on F5 from $246.00 to $304.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Morgan Stanley lifted their price objective on F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Finally, Evercore ISI increased their target price on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $295.00.

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.