Nomura Asset Management Co. Ltd. Sells 45 Shares of F5, Inc. (NASDAQ:FFIV)

Nomura Asset Management Co. Ltd. cut its position in F5, Inc. (NASDAQ:FFIV) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,197 shares of the network technology company’s stock after selling 45 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in F5 were worth $7,091,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Crowley Wealth Management Inc. bought a new position in shares of F5 during the 4th quarter worth approximately $35,000. Friedenthal Financial purchased a new position in F5 in the fourth quarter worth $50,000. EverSource Wealth Advisors LLC lifted its holdings in shares of F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares during the last quarter. Smithfield Trust Co purchased a new stake in shares of F5 during the 4th quarter valued at $57,000. Finally, Global Retirement Partners LLC boosted its position in shares of F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Price Performance

FFIV stock opened at $266.27 on Tuesday. The company has a market capitalization of $15.35 billion, a P/E ratio of 26.47, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The firm’s fifty day simple moving average is $284.96 and its 200-day simple moving average is $255.51.

Wall Street Analyst Weigh In

A number of research firms have commented on FFIV. Royal Bank of Canada increased their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Piper Sandler lifted their target price on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note 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 company a “neutral” rating in a research note on Wednesday, January 29th. Bank of America lifted their price objective on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Finally, Evercore ISI boosted their price objective on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $295.00.

Insider Activity at F5

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the sale, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total value of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares of the company’s stock, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,932 shares of company stock worth $4,965,150 over the last three months. Company insiders own 0.52% of the company’s stock.

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.