F5, Inc. (NASDAQ:FFIV – Get Free Report) CFO Edward Cooper Werner sold 2,500 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $400.00, for a total transaction of $1,000,000.00. Following the completion of the transaction, the chief financial officer owned 406 shares in the company, valued at $162,400. The trade was a 86.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Edward Cooper Werner also recently made the following trade(s):
- On Friday, May 8th, Edward Cooper Werner sold 1,500 shares of F5 stock. The shares were sold at an average price of $350.00, for a total transaction of $525,000.00.
- On Monday, May 4th, Edward Cooper Werner sold 599 shares of F5 stock. The shares were sold at an average price of $322.33, for a total transaction of $193,075.67.
F5 Trading Down 3.7%
NASDAQ:FFIV opened at $393.35 on Friday. F5, Inc. has a 1 year low of $223.76 and a 1 year high of $411.52. The firm’s fifty day simple moving average is $338.41 and its 200 day simple moving average is $291.60. The firm has a market capitalization of $22.19 billion, a PE ratio of 32.27, a PEG ratio of 9.40 and a beta of 1.04.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on FFIV shares. Bank of America raised their target price on shares of F5 from $250.00 to $300.00 and gave the company an “underperform” rating in a research note on Tuesday, May 26th. Evercore raised shares of F5 from an “in-line” rating to an “outperform” rating and set a $475.00 price target for the company in a report on Monday, May 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $425.00 price target on shares of F5 in a report on Friday, May 29th. Piper Sandler increased their price target on shares of F5 from $356.00 to $423.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Weiss Ratings raised shares of F5 from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $379.89.
Read Our Latest Stock Analysis on F5
Institutional Trading of F5
Hedge funds have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. bought a new stake in F5 in the 4th quarter valued at $26,000. Hantz Financial Services Inc. boosted its holdings in F5 by 109.8% in the 4th quarter. Hantz Financial Services Inc. now owns 107 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 56 shares during the period. Elyxium Wealth LLC bought a new position in shares of F5 during the 4th quarter worth about $28,000. Abich Financial Wealth Management LLC bought a new position in shares of F5 during the 3rd quarter worth about $37,000. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of F5 by 963.6% during the 1st quarter. SJS Investment Consulting Inc. now owns 117 shares of the network technology company’s stock worth $34,000 after acquiring an additional 106 shares during the period. 90.66% of the stock is owned by institutional investors.
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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