F5, Inc. (NASDAQ:FFIV) Position Increased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of F5, Inc. (NASDAQ:FFIV) by 0.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 91,887 shares of the network technology company’s stock after acquiring an additional 269 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in F5 were worth $23,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in shares of F5 by 4.3% during the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after acquiring an additional 35 shares during the period. AMG National Trust Bank boosted its stake in F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock valued at $1,987,000 after purchasing an additional 37 shares during the period. Tokio Marine Asset Management Co. Ltd. boosted its stake in F5 by 2.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock valued at $404,000 after purchasing an additional 44 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares during the period. Finally, HighTower Advisors LLC raised its holdings in shares of F5 by 5.3% during the fourth quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock valued at $243,000 after buying an additional 49 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on FFIV shares. Barclays increased their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Bank of America increased their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Piper Sandler lifted their price objective on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Needham & Company LLC increased their target price on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, Evercore ISI boosted their price target on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. One 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and a consensus price target of $295.00.

F5 Price Performance

Shares of FFIV opened at $263.88 on Monday. The firm’s 50 day moving average is $284.92 and its 200-day moving average is $255.09. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The stock has a market capitalization of $15.21 billion, a P/E ratio of 26.23, a P/E/G ratio of 3.85 and a beta of 1.10.

Insiders Place Their Bets

In related news, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction on Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the transaction, the insider now owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Marianne Budnik sold 1,872 shares of the business’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the sale, the director now owns 1,207 shares in the company, valued at approximately $314,689.04. The trade was a 60.80 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,932 shares of company stock worth $4,965,150. 0.52% of the stock is owned by insiders.

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.