Resona Asset Management Co. Ltd. Has $7.82 Million Stock Position in F5, Inc. $FFIV

Key Points

• Resona Asset Management Co. Ltd. has increased its stake in F5, Inc. by 5.9%, now holding 29,405 shares valued at approximately $7.82 million.
• F5, Inc. reported a quarterly earnings of $4.16 EPS, exceeding estimates and showing a revenue increase of 12.2% year-over-year.
• Despite positive earnings, F5's stock recently fell 1.0% to $315.34, while institutional investors own a significant 90.66% of the company.

Resona Asset Management Co. Ltd. increased its holdings in shares of F5, Inc. (NASDAQ:FFIV - Free Report) by 5.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,405 shares of the network technology company's stock after acquiring an additional 1,642 shares during the period. Resona Asset Management Co. Ltd. owned about 0.05% of F5 worth $7,823,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. First Trust Advisors LP grew its position in F5 by 3.1% during the 4th quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company's stock worth $316,814,000 after acquiring an additional 37,354 shares during the last quarter. Northern Trust Corp grew its holdings in shares of F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after purchasing an additional 251,534 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of F5 by 34,698.9% during the first quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock worth $198,661,000 after purchasing an additional 743,945 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of F5 by 21.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 650,992 shares of the network technology company's stock worth $163,705,000 after purchasing an additional 116,785 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of F5 by 6.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 650,547 shares of the network technology company's stock worth $163,599,000 after purchasing an additional 39,067 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FFIV. Wolfe Research began coverage on F5 in a report on Monday, July 7th. They set an "outperform" rating on the stock. Needham & Company LLC boosted their price objective on shares of F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price objective on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Piper Sandler boosted their price objective on shares of F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada boosted their price objective on shares of F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, F5 presently has an average rating of "Hold" and an average price target of $309.89.

F5 Stock Performance

NASDAQ:FFIV traded up $0.48 during mid-day trading on Monday, hitting $315.82. The company had a trading volume of 175,594 shares, compared to its average volume of 546,438. F5, Inc. has a fifty-two week low of $194.45 and a fifty-two week high of $334.00. The business's fifty day moving average is $301.13 and its two-hundred day moving average is $285.86. The firm has a market cap of $18.14 billion, a P/E ratio of 27.81, a P/E/G ratio of 3.64 and a beta of 1.03.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, beating analysts' consensus estimates of $3.49 by $0.67. F5 had a net margin of 22.06% and a return on equity of 21.77%. The business had revenue of $780.37 million during the quarter, compared to analysts' expectations of $750.64 million. During the same quarter in the prior year, the company earned $3.36 EPS. The firm's quarterly revenue was up 12.2% on a year-over-year basis. Equities analysts forecast that F5, Inc. will post 11.2 earnings per share for the current year.

Insider Buying and Selling at F5

In related news, Director Michael L. Dreyer sold 1,800 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the transaction, the director directly owned 4,376 shares in the company, valued at approximately $1,251,360.96. This trade represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Chad Michael Whalen sold 5,297 shares of the stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $322.24, for a total value of $1,706,905.28. Following the transaction, the executive vice president owned 23,591 shares of the company's stock, valued at approximately $7,601,963.84. The trade was a 18.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,816 shares of company stock valued at $4,227,002 in the last 90 days. 0.52% of the stock is currently owned by corporate insiders.

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.