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

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of F5, Inc. (NASDAQ:FFIV) by 4.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 217,120 shares of the network technology company’s stock after acquiring an additional 10,108 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in F5 were worth $54,599,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Crowley Wealth Management Inc. acquired a new position in F5 in the fourth quarter valued at approximately $35,000. Friedenthal Financial acquired a new position in shares of F5 in the 4th quarter valued at $50,000. EverSource Wealth Advisors LLC boosted its position in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after purchasing an additional 49 shares during the last quarter. Smithfield Trust Co acquired a new stake in shares of F5 during the fourth quarter worth $57,000. Finally, Global Retirement Partners LLC increased its holdings in F5 by 783.3% in the fourth quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after purchasing an additional 282 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Trading Up 0.3 %

Shares of NASDAQ FFIV opened at $275.05 on Wednesday. The company has a fifty day moving average price of $284.58 and a 200 day moving average price of $253.66. The firm has a market cap of $15.86 billion, a PE ratio of 27.34, a PEG ratio of 3.85 and a beta of 1.10. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00.

Insider Activity

In related news, EVP Chad Michael Whalen sold 4,093 shares of F5 stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the sale, the executive vice president now owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. This trade represents a 13.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the transaction, the director now directly owns 1,207 shares of the company’s stock, valued at approximately $314,689.04. This trade represents a 60.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,932 shares of company stock worth $4,965,150 over the last three months. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Bank of America raised their target price on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. Morgan Stanley boosted their price objective on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Royal Bank of Canada upped their target price on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Needham & Company LLC lifted their price target on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Barclays upped their price objective on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $295.00.

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.