Nomura Asset Management Co. Ltd. Cuts Position in F5, Inc. (NASDAQ:FFIV)

Nomura Asset Management Co. Ltd. trimmed its position in shares of F5, Inc. (NASDAQ:FFIV) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,197 shares of the network technology company’s stock after selling 45 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in F5 were worth $7,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in F5 during the fourth quarter valued at $171,127,000. Edge Capital Group LLC bought a new stake in shares of F5 in the 4th quarter worth about $59,623,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of F5 during the 4th quarter valued at about $53,212,000. Point72 Asset Management L.P. bought a new position in shares of F5 in the 3rd quarter valued at about $35,090,000. Finally, Jupiter Asset Management Ltd. grew its position in F5 by 83.1% in the fourth quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company’s stock worth $74,562,000 after acquiring an additional 134,537 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

F5 Price Performance

Shares of FFIV stock opened at $266.27 on Tuesday. The company has a market capitalization of $15.35 billion, a P/E ratio of 26.47, a P/E/G ratio of 3.85 and a beta of 1.10. The company’s 50-day simple moving average is $284.96 and its two-hundred day simple moving average is $255.51. F5, Inc. has a one year low of $159.01 and a one year high of $313.00.

Analyst Ratings Changes

FFIV has been the topic of a number of recent research reports. Needham & Company LLC upped their price objective on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Bank of America raised their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research report on Friday, January 31st. Barclays boosted 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. Piper Sandler raised their target price on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, F5 has a consensus rating of “Hold” and a consensus price target of $295.00.

Insider Buying and Selling

In related news, CEO Francois Locoh-Donou sold 6,500 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the sale, the chief executive officer now directly owns 151,247 shares of the company’s stock, valued at $45,836,915.82. This represents a 4.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 16,932 shares of company stock valued at $4,965,150 over the last quarter. 0.52% of the stock is owned by corporate insiders.

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.