Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of F5, Inc. (NASDAQ:FFIV – Free Report) by 1.3% in the 2nd quarter, HoldingsChannel reports. The firm owned 197,179 shares of the network technology company’s stock after selling 2,655 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in F5 were worth $58,034,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. Cerity Partners LLC boosted its stake in F5 by 129.2% in the 1st quarter. Cerity Partners LLC now owns 16,456 shares of the network technology company’s stock worth $4,382,000 after purchasing an additional 9,277 shares during the period. CWM LLC grew its holdings in shares of F5 by 102.8% during the first quarter. CWM LLC now owns 3,534 shares of the network technology company’s stock valued at $941,000 after buying an additional 1,791 shares in the last quarter. Edgestream Partners L.P. purchased a new position in shares of F5 during the first quarter valued at $4,393,000. Wealthfront Advisers LLC grew its stake in F5 by 15.5% during the 1st quarter. Wealthfront Advisers LLC now owns 2,067 shares of the network technology company’s stock valued at $550,000 after acquiring an additional 278 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of F5 by 30.8% during the first quarter. Larson Financial Group LLC now owns 497 shares of the network technology company’s stock worth $132,000 after purchasing an additional 117 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.
F5 Stock Up 0.7%
Shares of FFIV opened at $240.17 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.56 and a current ratio of 1.56. The firm has a market capitalization of $13.80 billion, a price-to-earnings ratio of 20.34, a PEG ratio of 7.53 and a beta of 1.08. The business’s fifty day moving average price is $304.05 and its two-hundred day moving average price is $298.81. F5, Inc. has a 52 week low of $227.04 and a 52 week high of $346.00.
Analyst Ratings Changes
A number of analysts recently issued reports on FFIV shares. Morgan Stanley reduced their price objective on F5 from $352.00 to $336.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 28th. Needham & Company LLC restated a “hold” rating on shares of F5 in a report on Tuesday, October 28th. Barclays decreased their price objective on shares of F5 from $321.00 to $267.00 and set an “equal weight” rating for the company in a report on Tuesday, October 28th. Wall Street Zen lowered F5 from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 1st. Finally, Royal Bank Of Canada lowered their price objective on F5 from $350.00 to $315.00 and set a “sector perform” rating on the stock in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $295.56.
Get Our Latest Stock Analysis on F5
Insiders Place Their Bets
In other F5 news, insider Lyra Amber Schramm sold 1,062 shares of F5 stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $246.97, for a total transaction of $262,282.14. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Chad Michael Whalen sold 9,436 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $249.77, for a total transaction of $2,356,829.72. Following the completion of the sale, the executive vice president owned 25,641 shares of the company’s stock, valued at approximately $6,404,352.57. This represents a 26.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 24,117 shares of company stock worth $6,297,504 in the last quarter. 0.52% of the stock is currently owned by company insiders.
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.
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