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

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in F5, Inc. (NASDAQ:FFIV - Free Report) by 12.4% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 103,291 shares of the network technology company's stock after buying an additional 11,404 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.18% of F5 worth $27,503,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Annis Gardner Whiting Capital Advisors LLC boosted its position in F5 by 134.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company's stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Golden State Wealth Management LLC boosted its position in F5 by 275.0% in the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after purchasing an additional 77 shares during the last quarter. Park Square Financial Group LLC purchased a new position in shares of F5 during the 4th quarter valued at about $31,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of F5 during the 4th quarter valued at about $60,000. Finally, MassMutual Private Wealth & Trust FSB lifted its position in shares of F5 by 31.4% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 293 shares of the network technology company's stock valued at $78,000 after buying an additional 70 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $308.14, for a total transaction of $400,582.00. Following the transaction, the chief executive officer owned 110,153 shares of the company's stock, valued at approximately $33,942,545.42. The trade was a 1.17% 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 Michael L. Dreyer sold 1,800 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total value of $514,728.00. Following the transaction, the director directly owned 4,376 shares in the company, valued at approximately $1,251,360.96. This represents a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,816 shares of company stock worth $4,227,002. Company insiders own 0.52% of the company's stock.

F5 Trading Down 0.2%

FFIV traded down $0.68 on Wednesday, hitting $325.79. 492,470 shares of the company's stock traded hands, compared to its average volume of 551,979. The firm has a market cap of $18.72 billion, a price-to-earnings ratio of 28.70, a P/E/G ratio of 3.72 and a beta of 1.03. The company's 50 day simple moving average is $299.60 and its 200-day simple moving average is $285.09. F5, Inc. has a one year low of $190.94 and a one year high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, beating the consensus estimate of $3.49 by $0.67. The firm had revenue of $780.37 million for the quarter, compared to the consensus estimate of $750.64 million. F5 had a return on equity of 21.77% and a net margin of 22.06%. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.36 EPS. As a group, equities analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FFIV. Wolfe Research began coverage on F5 in a research report on Monday, July 7th. They set an "outperform" rating on the stock. JPMorgan Chase & Co. lifted their price objective on F5 from $285.00 to $305.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Wall Street Zen cut F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on F5 from $314.00 to $326.00 and gave the company a "sector perform" rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC lifted their price objective on F5 from $320.00 to $345.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $309.89.

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.