Resona Asset Management Co. Ltd. Decreases Stake in F5, Inc. $FFIV

Resona Asset Management Co. Ltd. decreased its position in F5, Inc. (NASDAQ:FFIV) by 6.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,636 shares of the network technology company’s stock after selling 1,894 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in F5 were worth $9,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC boosted its position in shares of F5 by 275.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 90 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 66 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in F5 by 288.1% during the first quarter. Geneos Wealth Management Inc. now owns 163 shares of the network technology company’s stock valued at $43,000 after purchasing an additional 121 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in F5 during the second quarter valued at $45,000. CNB Bank purchased a new position in shares of F5 in the 2nd quarter worth $49,000. Finally, Root Financial Partners LLC bought a new stake in shares of F5 in the 3rd quarter worth about $49,000. Institutional investors own 90.66% of the company’s stock.

Insider Activity

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $236.99, for a total transaction of $308,087.00. Following the transaction, the chief executive officer directly owned 150,323 shares in the company, valued at $35,625,047.77. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Alan Higginson sold 1,309 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $237.11, for a total value of $310,376.99. Following the completion of the sale, the director owned 8,610 shares of the company’s stock, valued at $2,041,517.10. This represents a 13.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 33,815 shares of company stock valued at $8,444,286. Corporate insiders own 0.52% of the company’s stock.

F5 Stock Up 3.2%

FFIV stock opened at $267.45 on Tuesday. F5, Inc. has a twelve month low of $223.76 and a twelve month high of $346.00. The firm has a market cap of $15.54 billion, a price-to-earnings ratio of 22.65, a PEG ratio of 8.13 and a beta of 0.98. The business’s fifty day simple moving average is $255.38 and its two-hundred day simple moving average is $287.03.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, October 27th. The network technology company reported $4.39 earnings per share for the quarter, beating analysts’ consensus estimates of $3.96 by $0.43. The company had revenue of $810.09 million during the quarter, compared to analyst estimates of $794.06 million. F5 had a net margin of 22.42% and a return on equity of 21.76%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $3.67 EPS. Research analysts expect that F5, Inc. will post 11.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on FFIV. Royal Bank Of Canada raised shares of F5 from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $315.00 to $325.00 in a report on Monday, January 5th. Wall Street Zen lowered F5 from a “buy” rating to a “hold” rating in a research note on Friday, November 28th. Piper Sandler raised F5 from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $277.00 to $295.00 in a research report on Monday, January 5th. Barclays decreased their price target on F5 from $321.00 to $267.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 28th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of F5 in a research note on Tuesday, October 28th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $299.78.

F5 Company Profile

F5 Inc (NASDAQ:FFIV) specializes in application services and delivery networking, helping organizations ensure the availability, performance and security of their applications. The company’s core offerings include advanced load balancing, traffic management and application security solutions designed to optimize user experiences and protect against threats such as distributed denial-of-service (DDoS) attacks and web application exploits.

At the heart of F5’s product portfolio is the BIG-IP platform, which provides a suite of software modules for local and global traffic management, secure web application firewalling and DNS service delivery.