Franklin Resources Inc. Has $91.80 Million Stock Position in F5, Inc. (NASDAQ:FFIV)

Franklin Resources Inc. lessened its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 365,066 shares of the network technology company's stock after selling 11,149 shares during the period. Franklin Resources Inc. owned 0.63% of F5 worth $91,803,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in FFIV. Crowley Wealth Management Inc. acquired a new stake in F5 in the 4th quarter valued at about $35,000. Friedenthal Financial bought a new position in F5 in the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC increased its stake in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after buying an additional 49 shares during the period. Smithfield Trust Co bought a new stake in F5 during the 4th quarter worth about $57,000. Finally, Global Retirement Partners LLC lifted its position in F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company's stock valued at $80,000 after purchasing an additional 282 shares during the period. 90.66% of the stock is owned by institutional investors.

Insider Activity at F5

In related news, Director Marianne Budnik sold 728 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now owns 1,770 shares of the company's stock, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the company's 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 sale, the executive vice president now directly owns 20,075 shares of the company's stock, valued at approximately $5,885,588.50. This trade represents a 14.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,232 shares of company stock worth $5,310,131 in the last ninety days. 0.52% of the stock is owned by company insiders.

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F5 Stock Performance

FFIV traded up $0.50 on Monday, reaching $239.75. The company had a trading volume of 311,471 shares, compared to its average volume of 569,694. The company's fifty day moving average is $283.88 and its 200 day moving average is $256.77. The stock has a market cap of $13.82 billion, a P/E ratio of 23.88, a P/E/G ratio of 3.85 and a beta of 1.14. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America raised their price target on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday, January 31st. The Goldman Sachs Group increased their price objective on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Needham & Company LLC boosted their target price on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Evercore ISI raised their price target on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research note on Friday, January 17th. Finally, Barclays increased their target price on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, F5 presently has an average rating of "Hold" and a consensus price target of $295.00.

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.