F5, Inc. (NASDAQ:FFIV – Get Free Report) CFO Edward Cooper Werner sold 1,500 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $350.00, for a total value of $525,000.00. Following the transaction, the chief financial officer owned 2,906 shares of the company’s stock, valued at $1,017,100. This represents a 34.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Edward Cooper Werner also recently made the following trade(s):
- On Monday, May 4th, Edward Cooper Werner sold 599 shares of F5 stock. The stock was sold at an average price of $322.33, for a total value of $193,075.67.
- On Wednesday, March 4th, Edward Cooper Werner sold 969 shares of F5 stock. The stock was sold at an average price of $282.20, for a total value of $273,451.80.
F5 Stock Down 0.9%
F5 stock traded down $3.32 during mid-day trading on Tuesday, hitting $354.98. 502,548 shares of the company were exchanged, compared to its average volume of 833,485. The business has a fifty day moving average of $300.46 and a 200 day moving average of $274.83. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $362.00. The company has a market capitalization of $20.03 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 8.19 and a beta of 1.00.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Weiss Ratings upgraded F5 from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. JPMorgan Chase & Co. raised 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. Piper Sandler restated an “overweight” rating on shares of F5 in a research note on Wednesday, April 29th. Royal Bank Of Canada raised 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. Finally, Needham & Company LLC restated a “hold” rating on shares of F5 in a research note on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $316.44.
Check Out Our Latest Stock Analysis on F5
Hedge Funds Weigh In On F5
Hedge funds have recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. bought a new position in F5 in the fourth quarter valued at about $26,000. Hantz Financial Services Inc. boosted its holdings in F5 by 109.8% in the fourth quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 56 shares during the last quarter. Elyxium Wealth LLC bought a new position in F5 in the fourth quarter valued at about $28,000. SJS Investment Consulting Inc. boosted its holdings 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 during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its holdings 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 during the last quarter. Institutional investors 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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