Tokio Marine Asset Management Co. Ltd. Makes New $240,000 Investment in F5, Inc. (NASDAQ:FFIV)

Tokio Marine Asset Management Co. Ltd. bought a new position in F5, Inc. (NASDAQ:FFIV) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,339 shares of the network technology company’s stock, valued at approximately $240,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Washington Trust Advisors Inc. purchased a new position in F5 in the 4th quarter worth $36,000. Addison Advisors LLC raised its position in F5 by 36.1% in the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock worth $45,000 after purchasing an additional 74 shares during the period. Janiczek Wealth Management LLC raised its position in F5 by 56.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after purchasing an additional 93 shares during the period. Anchor Investment Management LLC purchased a new position in F5 in the 4th quarter worth $51,000. Finally, Lindbrook Capital LLC raised its position in F5 by 68.0% in the 4th quarter. Lindbrook Capital LLC now owns 294 shares of the network technology company’s stock worth $53,000 after purchasing an additional 119 shares during the period. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

F5 Trading Up 0.0 %

Shares of FFIV opened at $181.94 on Monday. F5, Inc. has a 1-year low of $129.93 and a 1-year high of $199.49. The firm’s 50-day moving average price is $187.66 and its 200-day moving average price is $176.53. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 23.66, a PEG ratio of 2.68 and a beta of 1.11.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.04 by $0.39. F5 had a net margin of 16.43% and a return on equity of 20.81%. The business had revenue of $693.00 million for the quarter, compared to analyst estimates of $684.77 million. During the same quarter in the previous year, the firm posted $1.65 earnings per share. F5’s quarterly revenue was down 1.0% on a year-over-year basis. On average, research analysts forecast that F5, Inc. will post 9.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

FFIV has been the topic of a number of analyst reports. Barclays lifted their target price on shares of F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $204.00 price target on shares of F5 in a report on Friday, February 9th. The Goldman Sachs Group raised their price target on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Piper Sandler raised their price target on shares of F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $192.22.

Insider Buying and Selling

In other F5 news, CEO Francois Locoh-Donou sold 6,400 shares of F5 stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the transaction, the chief executive officer now directly owns 123,251 shares of the company’s stock, valued at $23,173,653.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Francois Locoh-Donou sold 6,400 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $188.02, for a total transaction of $1,203,328.00. Following the completion of the transaction, the chief executive officer now directly owns 123,251 shares of the company’s stock, valued at $23,173,653.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total transaction of $89,405.00. Following the transaction, the chief financial officer now directly owns 31,290 shares of the company’s stock, valued at $5,594,964.90. The disclosure for this sale can be found here. Insiders have sold 10,201 shares of company stock valued at $1,908,065 over the last quarter. Corporate insiders own 0.58% of the company’s stock.

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.