Tokio Marine Asset Management Co. Ltd. Acquires 150 Shares of F5, Inc. (NASDAQ:FFIV)

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 10.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,563 shares of the network technology company’s stock after buying an additional 150 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in F5 were worth $344,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Northwest Investment Counselors LLC acquired a new position in shares of F5 in the 3rd quarter valued at $28,000. New Covenant Trust Company N.A. acquired a new position in F5 in the first quarter valued at about $27,000. Kathleen S. Wright Associates Inc. bought a new position in F5 during the third quarter worth about $32,000. Family Firm Inc. acquired a new position in shares of F5 during the 2nd quarter worth about $25,000. Finally, Quest Partners LLC increased its stake in shares of F5 by 9,100.0% in the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at F5

In other news, Director Alan Higginson sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $201.65, for a total transaction of $201,650.00. Following the completion of the transaction, the director now directly owns 10,707 shares in the company, valued at $2,159,066.55. This represents a 8.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $196.73, for a total value of $98,365.00. Following the completion of the sale, the chief financial officer now directly owns 31,125 shares in the company, valued at approximately $6,123,221.25. This represents a 1.58 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 4,250 shares of company stock valued at $897,594 in the last ninety days. 0.58% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

FFIV has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of F5 from $225.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Needham & Company LLC boosted their price target on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a report on Tuesday, July 30th. Barclays raised their price objective on F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 29th. Evercore ISI boosted their target price on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler increased their price target on F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $233.56.

F5 Trading Down 1.5 %

FFIV stock opened at $238.36 on Friday. The stock has a 50-day moving average price of $222.72 and a two-hundred day moving average price of $194.27. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $250.46. The stock has a market cap of $13.89 billion, a PE ratio of 24.93, a price-to-earnings-growth ratio of 3.34 and a beta of 1.05.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.45 by $0.22. F5 had a return on equity of 20.80% and a net margin of 20.13%. The business had revenue of $747.00 million during the quarter, compared to the consensus estimate of $730.43 million. During the same period last year, the company earned $2.76 earnings per share. F5’s quarterly revenue was up 5.7% on a year-over-year basis. On average, analysts forecast that F5, Inc. will post 11.01 earnings per share for the current fiscal year.

F5 declared that its board has authorized a stock buyback program on Monday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the network technology company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.