F5, Inc. (NASDAQ:FFIV) Insider Sells $75,206.78 in Stock

F5, Inc. (NASDAQ:FFIV) insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the transaction, the insider now directly owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

F5 Stock Up 1.4 %

Shares of NASDAQ FFIV opened at $307.44 on Friday. The business has a 50-day simple moving average of $264.35 and a two-hundred day simple moving average of $231.30. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $308.32. The company has a market cap of $17.83 billion, a P/E ratio of 30.56, a P/E/G ratio of 3.97 and a beta of 1.06.

F5 announced that its board has authorized a share buyback program on Monday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the network technology company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

FFIV has been the topic of a number of research analyst reports. Evercore ISI boosted their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research note on Friday, January 17th. Barclays upped their price objective on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Piper Sandler raised their target price on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Bank of America increased their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Finally, Morgan Stanley boosted their price objective on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $295.00.

Institutional Trading of F5

Several institutional investors and hedge funds have recently bought and sold shares of the company. Chase Investment Counsel Corp purchased a new position in shares of F5 during the 3rd quarter valued at $4,726,000. JPMorgan Chase & Co. grew its position in F5 by 24.7% during the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after buying an additional 81,005 shares in the last quarter. New York State Common Retirement Fund increased its stake in F5 by 14.3% in the 3rd quarter. New York State Common Retirement Fund now owns 70,536 shares of the network technology company’s stock worth $15,532,000 after acquiring an additional 8,800 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of F5 by 3.9% in the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock valued at $48,991,000 after acquiring an additional 7,341 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of F5 by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after acquiring an additional 571 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

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.