Norinchukin Bank The Purchases 213 Shares of F5, Inc. (NASDAQ:FFIV)

Norinchukin Bank The boosted its position in F5, Inc. (NASDAQ:FFIV) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,627 shares of the network technology company’s stock after acquiring an additional 213 shares during the period. Norinchukin Bank The’s holdings in F5 were worth $661,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after purchasing an additional 35 shares during the last quarter. AMG National Trust Bank lifted its holdings in F5 by 0.5% in the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock valued at $1,987,000 after buying an additional 37 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its holdings in F5 by 2.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock worth $404,000 after acquiring an additional 44 shares during the period. EverSource Wealth Advisors LLC grew its holdings in F5 by 31.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after acquiring an additional 49 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of F5 by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock valued at $243,000 after acquiring an additional 49 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on FFIV. JPMorgan Chase & Co. decreased their price objective on F5 from $296.00 to $285.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Morgan Stanley lowered their price target on F5 from $310.00 to $269.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Barclays lifted their price objective on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group upped their target price on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Evercore ISI lifted their price target on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. 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. According to MarketBeat, F5 presently has an average rating of “Hold” and a consensus target price of $289.67.

Insiders Place Their Bets

In related news, Director Marianne Budnik sold 728 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. This trade represents a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. The trade was a 0.87 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,232 shares of company stock worth $5,310,131. Corporate insiders own 0.52% of the company’s stock.

F5 Stock Up 1.6 %

Shares of FFIV stock opened at $254.77 on Wednesday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The firm has a fifty day moving average of $271.83 and a 200-day moving average of $259.75. The company has a market capitalization of $14.69 billion, a price-to-earnings ratio of 25.33, a P/E/G ratio of 3.85 and a beta of 1.14.

F5 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.