Scot Frazier Rogers Sells 3,486 Shares of F5, Inc. (NASDAQ:FFIV) Stock

F5, Inc. (NASDAQ:FFIV) EVP Scot Frazier Rogers sold 3,486 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares of the company’s stock, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

F5 Trading Down 1.3 %

Shares of NASDAQ FFIV opened at $290.97 on Friday. The stock’s 50-day moving average is $278.55 and its 200 day moving average is $243.60. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 28.92, a P/E/G ratio of 3.85 and a beta of 1.06. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Royal Bank of Canada raised their price target on shares of F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Bank of America lifted their price objective on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. The Goldman Sachs Group upped their target price on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley lifted their price target on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Finally, Evercore ISI upped their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $295.00.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FFIV. Norges Bank purchased a new stake in shares of F5 in the 4th quarter valued at $171,127,000. Arrowstreet Capital Limited Partnership lifted its stake in F5 by 598.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company’s stock worth $106,944,000 after purchasing an additional 364,372 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in F5 by 1,681.1% during the third quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock valued at $62,898,000 after buying an additional 269,602 shares during the period. Northern Trust Corp grew its stake in shares of F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company’s stock valued at $229,597,000 after buying an additional 251,534 shares during the last quarter. Finally, Edge Capital Group LLC bought a new position in shares of F5 during the fourth quarter valued at about $59,623,000. 90.66% of the stock is 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.