27,763 Shares in F5, Inc. (NASDAQ:FFIV) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new position in F5, Inc. (NASDAQ:FFIV - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,763 shares of the network technology company's stock, valued at approximately $6,992,000.

A number of other large investors have also modified their holdings of the stock. Prudential PLC lifted its position in F5 by 1,067.8% during the 4th quarter. Prudential PLC now owns 18,837 shares of the network technology company's stock worth $4,737,000 after acquiring an additional 17,224 shares in the last quarter. Kesler Norman & Wride LLC purchased a new stake in shares of F5 during the fourth quarter valued at approximately $326,000. Groupama Asset Managment acquired a new position in shares of F5 during the fourth quarter worth $587,000. Geode Capital Management LLC lifted its position in shares of F5 by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company's stock worth $402,536,000 after purchasing an additional 30,367 shares in the last quarter. Finally, National Bank of Canada FI boosted its stake in shares of F5 by 14.9% in the fourth quarter. National Bank of Canada FI now owns 27,170 shares of the network technology company's stock valued at $6,833,000 after purchasing an additional 3,526 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of F5 from $260.00 to $310.00 and gave the stock a "sector perform" rating in a research note on Wednesday, January 29th. Evercore ISI lifted their target price on F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research report on Friday, January 17th. Piper Sandler reduced their price target on F5 from $304.00 to $262.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Morgan Stanley dropped their price objective on F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, Bank of America increased their target price on F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $285.78.

Insider Buying and Selling

In related news, Director Marianne Budnik sold 728 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares of the company's stock, valued at $538,876.50. This represents a 29.14 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Francois Locoh-Donou sold 6,500 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the sale, the chief executive officer now owns 151,247 shares in the company, valued at approximately $45,836,915.82. This trade represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,232 shares of company stock worth $5,310,131 over the last ninety days. 0.52% of the stock is owned by insiders.

F5 Stock Up 2.6 %

Shares of FFIV traded up $6.68 during mid-day trading on Friday, hitting $261.68. The stock had a trading volume of 600,746 shares, compared to its average volume of 577,669. F5, Inc. has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The company has a market cap of $15.09 billion, a PE ratio of 26.01, a PEG ratio of 3.85 and a beta of 1.14. The company's fifty day simple moving average is $278.77 and its two-hundred day simple moving average is $258.12.

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.