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

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of F5, Inc. (NASDAQ:FFIV) by 10.6% during the 3rd quarter, Holdings Channel reports. The firm owned 1,563 shares of the network technology company’s stock after purchasing an additional 150 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in F5 were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of FFIV. Vanguard Group Inc. increased its position in F5 by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock worth $1,415,294,000 after buying an additional 29,154 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of F5 by 10.5% during the 2nd quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock worth $294,392,000 after acquiring an additional 162,820 shares during the last quarter. Pacer Advisors Inc. raised its stake in F5 by 6,700.2% in the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after acquiring an additional 835,912 shares during the period. AQR Capital Management LLC lifted its holdings in F5 by 48.9% during the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after purchasing an additional 214,351 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in F5 by 8.9% during the second quarter. Dimensional Fund Advisors LP now owns 598,605 shares of the network technology company’s stock worth $103,096,000 after purchasing an additional 48,742 shares during the period. 90.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on FFIV. Barclays increased their price objective on shares of F5 from $214.00 to $246.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada upped their price target on shares of F5 from $205.00 to $240.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 29th. Evercore ISI raised their price objective on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 30th. Needham & Company LLC upped their target price on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. Finally, The Goldman Sachs Group increased their target price on F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $233.56.

F5 Trading Down 1.5 %

Shares of FFIV stock opened at $238.36 on Friday. The stock has a market cap of $13.89 billion, a P/E ratio of 24.93, a price-to-earnings-growth ratio of 3.34 and a beta of 1.05. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $250.46. The stock has a 50 day simple moving average of $222.72 and a 200 day simple moving average of $194.27.

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

F5 announced that its Board of Directors has authorized a stock repurchase program on Monday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the network technology company to purchase up to 7.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $196.73, for a total transaction of $98,365.00. Following the completion of the transaction, the chief financial officer now directly owns 31,125 shares in the company, valued at $6,123,221.25. The trade was a 1.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $218.26, for a total value of $316,477.00. Following the sale, the chief executive officer now owns 121,122 shares of the company’s stock, valued at $26,436,087.72. The trade was a 1.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,250 shares of company stock valued at $897,594 over the last quarter. 0.58% of the stock is owned by company insiders.

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.