Mitsubishi UFJ Trust & Banking Corp Has $54.60 Million Stock Position in F5, Inc. (NASDAQ:FFIV)

Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of F5, Inc. (NASDAQ:FFIV) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 217,120 shares of the network technology company’s stock after purchasing an additional 10,108 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.37% of F5 worth $54,599,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after buying an additional 81,005 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in F5 by 457.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock valued at $7,899,000 after acquiring an additional 25,748 shares during the period. Boston Trust Walden Corp raised its holdings in F5 by 3.9% in the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock valued at $48,991,000 after acquiring an additional 7,341 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of F5 by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock worth $539,000 after acquiring an additional 571 shares during the period. Finally, Synergy Asset Management LLC grew its holdings in shares of F5 by 100.0% during the 4th quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock worth $525,000 after purchasing an additional 1,112 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the transaction, the insider now owns 200 shares in the company, valued at $59,452. This represents a 55.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marianne Budnik sold 728 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the sale, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,932 shares of company stock valued at $4,965,150. 0.52% of the stock is currently owned by corporate insiders.

F5 Price Performance

NASDAQ FFIV opened at $275.05 on Wednesday. The stock’s 50 day simple moving average is $284.58 and its 200 day simple moving average is $253.66. F5, Inc. has a one year low of $159.01 and a one year high of $313.00. The firm has a market cap of $15.86 billion, a PE ratio of 27.34, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley raised their target price on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. Needham & Company LLC raised their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Bank of America upped their target price on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group raised their price target on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler upped their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $295.00.

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.