F5, Inc. (NASDAQ:FFIV – Get Free Report) EVP Thomas Dean Fountain sold 1,328 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $330.58, for a total transaction of $439,010.24. Following the transaction, the executive vice president directly owned 8,060 shares of the company’s stock, valued at $2,664,474.80. This trade represents a 14.15% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Thomas Dean Fountain also recently made the following trade(s):
- On Tuesday, February 10th, Thomas Dean Fountain sold 1,297 shares of F5 stock. The shares were sold at an average price of $278.32, for a total transaction of $360,981.04.
F5 Stock Up 2.6%
Shares of NASDAQ FFIV opened at $354.03 on Friday. F5, Inc. has a 52-week low of $223.76 and a 52-week high of $354.52. The firm has a fifty day moving average of $297.33 and a 200-day moving average of $274.01. The stock has a market capitalization of $19.97 billion, a PE ratio of 29.04, a P/E/G ratio of 8.19 and a beta of 1.00.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the company. Weiss Ratings raised F5 from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Royal Bank Of Canada raised their price target on shares of F5 from $345.00 to $375.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. The Goldman Sachs Group lifted their price target on shares of F5 from $285.00 to $320.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. boosted their price objective on shares of F5 from $355.00 to $365.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler reissued an “overweight” rating on shares of F5 in a research report on Wednesday, April 29th. Five research 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. According to data from MarketBeat, F5 presently has an average rating of “Hold” and an average target price of $316.44.
View Our Latest Report on FFIV
Institutional Investors Weigh In On F5
Several institutional investors and hedge funds have recently modified their holdings of the stock. Hazlett Burt & Watson Inc. purchased a new stake in shares of F5 during the 4th quarter valued at about $26,000. Hantz Financial Services Inc. lifted its position in F5 by 109.8% during the 4th quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock worth $27,000 after acquiring an additional 56 shares in the last quarter. Elyxium Wealth LLC purchased a new position in F5 in the 4th quarter worth approximately $28,000. SJS Investment Consulting Inc. grew its position in F5 by 963.6% in the first quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock valued at $34,000 after acquiring an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in F5 by 113.8% in the first quarter. Capital Advisors Ltd. LLC now owns 124 shares of the network technology company’s stock valued at $36,000 after acquiring an additional 66 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.
More F5 News
Here are the key news stories impacting F5 this week:
- Positive Sentiment: F5’s latest quarter beat expectations, with revenue and EPS coming in above estimates and management raising guidance for the next quarter and full year. That supports the view that growth and profitability remain intact. F5 (FFIV) Reports Q2 Earnings
- Positive Sentiment: FFIV is trading close to its 52-week high and well above its 50-day and 200-day moving averages, signaling strong momentum that may be drawing in traders and institutions. MarketBeat FFIV Quote
- Neutral Sentiment: Several insider sales were disclosed, including transactions by the CEO and an EVP, but at least some were made under pre-arranged Rule 10b5-1 plans, which makes the signal less clear-cut for investors. CEO Form 4 (SEC)
- Negative Sentiment: Multiple insider sales across senior executives, including the CEO, CFO, and EVPs, may create some caution around the stock, even if the trades were largely pre-scheduled. F5 Insider Sells $322,330.00
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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