F5, Inc. (NASDAQ:FFIV – Get Free Report) CTO Kunal Anand sold 3,123 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $322.33, for a total transaction of $1,006,636.59. Following the completion of the sale, the chief technology officer owned 12,194 shares in the company, valued at $3,930,492.02. This represents a 20.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Kunal Anand also recently made the following trade(s):
- On Tuesday, February 10th, Kunal Anand sold 377 shares of F5 stock. The shares were sold at an average price of $278.32, for a total transaction of $104,926.64.
F5 Trading Up 3.0%
Shares of NASDAQ:FFIV traded up $9.97 during trading on Tuesday, reaching $339.90. The stock had a trading volume of 599,054 shares, compared to its average volume of 845,410. F5, Inc. has a one year low of $223.76 and a one year high of $346.00. The company has a market capitalization of $19.21 billion, a P/E ratio of 27.88, a PEG ratio of 7.53 and a beta of 1.00. The firm’s 50-day simple moving average is $293.21 and its 200 day simple moving average is $273.31.
Institutional Trading of F5
Institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Management Advisory Group LLC lifted its stake in F5 by 2.6% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 1,447 shares of the network technology company’s stock valued at $419,000 after acquiring an additional 36 shares during the period. Smartleaf Asset Management LLC lifted its stake in F5 by 3.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,190 shares of the network technology company’s stock valued at $309,000 after acquiring an additional 39 shares during the period. Pacific Sage Partners LLC lifted its stake in F5 by 0.6% during the 4th quarter. Pacific Sage Partners LLC now owns 7,122 shares of the network technology company’s stock valued at $1,818,000 after acquiring an additional 40 shares during the period. Meiji Yasuda Asset Management Co Ltd. lifted its stake in F5 by 4.4% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 968 shares of the network technology company’s stock valued at $247,000 after acquiring an additional 41 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in F5 by 0.6% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 7,386 shares of the network technology company’s stock valued at $2,387,000 after acquiring an additional 42 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research firms have recently weighed in on FFIV. The Goldman Sachs Group raised their price target on shares of F5 from $285.00 to $320.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Zacks Research upgraded shares of F5 from a “strong sell” rating to a “hold” rating in a research note on Friday, January 9th. Piper Sandler reiterated an “overweight” rating on shares of F5 in a research note on Wednesday, April 29th. 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 note on Wednesday, April 29th. Finally, Weiss Ratings upgraded shares of F5 from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 30th. Five research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $316.44.
Read Our Latest Stock Report on F5
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.
Further Reading
Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.
