Mitsubishi UFJ Asset Management Co. Ltd. Boosts Stock Position in F5, Inc. (NASDAQ:FFIV)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in F5, Inc. (NASDAQ:FFIV) by 0.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 91,887 shares of the network technology company’s stock after purchasing an additional 269 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of F5 worth $23,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Korea Investment CORP boosted its holdings in shares of F5 by 170.9% during the fourth quarter. Korea Investment CORP now owns 42,597 shares of the network technology company’s stock worth $10,712,000 after purchasing an additional 26,871 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in F5 by 4.9% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 217,120 shares of the network technology company’s stock worth $54,599,000 after acquiring an additional 10,108 shares during the last quarter. Potentia Wealth purchased a new position in shares of F5 in the 4th quarter worth about $762,000. Prudential Financial Inc. lifted its stake in shares of F5 by 51.6% in the 4th quarter. Prudential Financial Inc. now owns 66,805 shares of the network technology company’s stock valued at $16,799,000 after purchasing an additional 22,744 shares in the last quarter. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of F5 during the 4th quarter worth about $35,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FFIV. Royal Bank of Canada lifted their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upped their price target on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays raised their price objective on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Evercore ISI upped their target price on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. Finally, Morgan Stanley raised their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, F5 has an average rating of “Hold” and an average target price of $295.00.

Insider Buying and Selling

In related news, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the transaction, the executive vice president now directly owns 27,264 shares in the company, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the sale, the executive vice president now owns 20,075 shares in the company, valued at $5,885,588.50. The trade was a 14.80 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,932 shares of company stock worth $4,965,150. Insiders own 0.52% of the company’s stock.

F5 Stock Down 2.3 %

FFIV stock opened at $263.88 on Monday. The stock’s 50 day moving average is $284.92 and its two-hundred day moving average is $255.09. F5, Inc. has a 52-week low of $159.01 and a 52-week high of $313.00. The company has a market capitalization of $15.21 billion, a PE ratio of 26.23, a P/E/G ratio of 3.85 and a beta of 1.10.

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.