F5, Inc. (NASDAQ:FFIV – Get Free Report) EVP Chad Michael Whalen sold 704 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $330.30, for a total transaction of $232,531.20. Following the sale, the executive vice president directly owned 27,032 shares in the company, valued at approximately $8,928,669.60. This represents a 2.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chad Michael Whalen also recently made the following trade(s):
- On Friday, March 6th, Chad Michael Whalen sold 688 shares of F5 stock. The stock was sold at an average price of $277.05, for a total transaction of $190,610.40.
F5 Stock Performance
FFIV stock traded up $9.97 during trading on Tuesday, reaching $339.90. 599,054 shares of the company were exchanged, compared to its average volume of 845,410. The company has a market cap of $19.21 billion, a P/E ratio of 27.88, a PEG ratio of 7.53 and a beta of 1.00. 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.
Wall Street Analyst Weigh In
FFIV has been the topic of a number of research analyst reports. Piper Sandler reissued an “overweight” rating on shares of F5 in a report on Wednesday, April 29th. The Goldman Sachs Group boosted their price objective on shares of F5 from $285.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Zacks Research raised shares of F5 from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Weiss Ratings raised shares of F5 from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Finally, Barclays lifted their target price on shares of F5 from $283.00 to $292.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and a consensus target price of $316.44.
Check Out Our Latest Research Report on F5
Hedge Funds Weigh In On F5
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Management Advisory Group LLC raised its position in F5 by 2.6% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,447 shares of the network technology company’s stock worth $419,000 after acquiring an additional 36 shares during the last quarter. Smartleaf Asset Management LLC raised its position in F5 by 3.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the network technology company’s stock worth $309,000 after acquiring an additional 39 shares during the last quarter. Pacific Sage Partners LLC raised its position in F5 by 0.6% during the fourth quarter. Pacific Sage Partners LLC now owns 7,122 shares of the network technology company’s stock worth $1,818,000 after acquiring an additional 40 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its position in F5 by 4.4% during the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 968 shares of the network technology company’s stock worth $247,000 after acquiring an additional 41 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd raised its position in F5 by 0.6% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,386 shares of the network technology company’s stock worth $2,387,000 after acquiring an additional 42 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.
About F5
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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