Truist Financial Corp Has $13.18 Million Stock Holdings in F5, Inc. (NASDAQ:FFIV)

Truist Financial Corp decreased its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 3.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 52,408 shares of the network technology company's stock after selling 1,613 shares during the period. Truist Financial Corp owned approximately 0.09% of F5 worth $13,179,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. CIBC Asset Management Inc grew its position in shares of F5 by 4.2% during the 4th quarter. CIBC Asset Management Inc now owns 8,924 shares of the network technology company's stock valued at $2,244,000 after buying an additional 363 shares during the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of F5 during the fourth quarter valued at approximately $3,514,000. Allworth Financial LP lifted its holdings in shares of F5 by 1,132.1% in the 4th quarter. Allworth Financial LP now owns 345 shares of the network technology company's stock worth $94,000 after purchasing an additional 317 shares during the last quarter. New York State Teachers Retirement System grew its position in shares of F5 by 6.6% during the fourth quarter. New York State Teachers Retirement System now owns 54,040 shares of the network technology company's stock worth $13,589,000 after acquiring an additional 3,345 shares during the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in shares of F5 in the 4th quarter worth about $4,670,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at F5

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares in the company, valued at $59,452. This represents a 55.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Marianne Budnik sold 728 shares of F5 stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now directly owns 1,770 shares of the company's stock, valued at $538,876.50. This trade represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,574 shares of company stock valued at $3,455,057 in the last three months. 0.52% of the stock is currently owned by company insiders.

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F5 Stock Down 0.8 %

Shares of FFIV stock traded down $2.35 during trading hours on Monday, reaching $293.21. 505,720 shares of the stock traded hands, compared to its average volume of 614,895. The firm has a market capitalization of $16.90 billion, a PE ratio of 29.15, a PEG ratio of 3.85 and a beta of 1.06. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The business has a fifty day moving average price of $276.22 and a 200 day moving average price of $242.20.

F5 declared that its Board of Directors has authorized a share buyback plan on Monday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to purchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Barclays boosted their target price on shares of F5 from $246.00 to $296.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Morgan Stanley boosted their price target on F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. The Goldman Sachs Group lifted their price objective on shares of F5 from $257.00 to $295.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Evercore ISI increased their target price on shares of F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a research report on Friday, January 17th. Finally, Royal Bank of Canada upped their price target 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. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned 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 $295.00.

F5 Company 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.