F5, Inc. (NASDAQ:FFIV) Shares Purchased by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 32.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,126 shares of the network technology company’s stock after purchasing an additional 519 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in F5 were worth $566,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GAMMA Investing LLC boosted its holdings in F5 by 34,698.9% during the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company’s stock valued at $198,661,000 after acquiring an additional 743,945 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in F5 by 110.4% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company’s stock valued at $149,242,000 after acquiring an additional 294,050 shares during the period. Pacer Advisors Inc. boosted its holdings in F5 by 659.3% during the 1st quarter. Pacer Advisors Inc. now owns 316,992 shares of the network technology company’s stock valued at $84,405,000 after acquiring an additional 275,244 shares during the period. Northern Trust Corp boosted its holdings in F5 by 38.0% during the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company’s stock valued at $229,597,000 after acquiring an additional 251,534 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in F5 by 400.3% during the 4th quarter. Voya Investment Management LLC now owns 220,291 shares of the network technology company’s stock valued at $55,397,000 after acquiring an additional 176,260 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FFIV has been the subject of a number of research analyst reports. Wall Street Zen cut F5 from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. Needham & Company LLC raised their target price on F5 from $320.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, July 31st. JPMorgan Chase & Co. raised their target price on F5 from $285.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Royal Bank Of Canada raised their target price on F5 from $314.00 to $326.00 and gave the company a “sector perform” rating in a report on Thursday, July 31st. Finally, Morgan Stanley lifted their price objective on F5 from $305.00 to $312.00 and gave the company an “equal weight” rating in a research note 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. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $309.89.

Insider Activity

In related news, Director Michael L. Dreyer sold 1,800 shares of the business’s stock in a transaction that occurred on 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 sale, the director owned 4,376 shares in the company, valued at $1,251,360.96. The trade was a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $400,582.00. Following the sale, 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 disclosure for this sale can be found here. Insiders have sold 13,816 shares of company stock valued at $4,227,002 over the last 90 days. Insiders own 0.52% of the company’s stock.

F5 Stock Down 1.0%

FFIV stock opened at $315.34 on Friday. The business has a 50 day moving average price of $301.13 and a 200 day moving average price of $286.07. The stock has a market cap of $18.12 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 3.68 and a beta of 1.03. F5, Inc. has a fifty-two week low of $194.45 and a fifty-two week high of $334.00.

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

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.