F5, Inc. (NASDAQ:FFIV – Get Free Report) CFO Edward Cooper Werner sold 599 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $322.33, for a total value of $193,075.67. Following the completion of the sale, the chief financial officer owned 4,406 shares of the company’s stock, valued at $1,420,185.98. The trade was a 11.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Edward Cooper Werner also recently made the following trade(s):
- On Wednesday, March 4th, Edward Cooper Werner sold 969 shares of F5 stock. The shares were sold at an average price of $282.20, for a total value of $273,451.80.
F5 Trading Up 3.0%
FFIV stock traded up $9.97 during midday trading on Tuesday, hitting $339.90. The company had a trading volume of 599,054 shares, compared to its average volume of 845,410. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $346.00. The stock’s 50 day moving average price is $293.21 and its 200 day moving average price is $273.31. The stock has a market cap of $19.21 billion, a price-to-earnings ratio of 27.88, a PEG ratio of 7.53 and a beta of 1.00.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on FFIV. Royal Bank Of Canada boosted their target price on F5 from $345.00 to $375.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Zacks Research raised F5 from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. boosted their target price on F5 from $355.00 to $365.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Barclays boosted their target price on F5 from $283.00 to $292.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 29th. Finally, The Goldman Sachs Group boosted their target price on F5 from $285.00 to $320.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $316.44.
Check Out Our Latest Stock Analysis on FFIV
Hedge Funds Weigh In On F5
Several hedge funds have recently made changes to their positions in the business. Railway Pension Investments Ltd grew its stake in F5 by 27.0% in the third quarter. Railway Pension Investments Ltd now owns 26,330 shares of the network technology company’s stock worth $8,510,000 after purchasing an additional 5,600 shares during the period. Barclays PLC grew its stake in F5 by 51.7% in the third quarter. Barclays PLC now owns 310,368 shares of the network technology company’s stock worth $100,308,000 after purchasing an additional 105,738 shares during the period. Convergence Investment Partners LLC grew its stake in F5 by 128.1% in the third quarter. Convergence Investment Partners LLC now owns 7,931 shares of the network technology company’s stock worth $2,563,000 after purchasing an additional 4,454 shares during the period. Nordea Investment Management AB grew its stake in F5 by 217.7% in the third quarter. Nordea Investment Management AB now owns 229,591 shares of the network technology company’s stock worth $74,142,000 after purchasing an additional 157,318 shares during the period. Finally, Alberta Investment Management Corp grew its stake in F5 by 173.3% in the third quarter. Alberta Investment Management Corp now owns 8,200 shares of the network technology company’s stock worth $2,650,000 after purchasing an additional 5,200 shares during the period. 90.66% of the stock is owned by hedge funds and other institutional investors.
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.
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