F5, Inc. (NASDAQ:FFIV – Get Free Report) EVP Thomas Dean Fountain sold 1,328 shares of F5 stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $330.58, for a total transaction of $439,010.24. Following the completion of the transaction, the executive vice president directly owned 8,060 shares of the company’s stock, valued at approximately $2,664,474.80. This trade represents a 14.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Price Performance
Shares of FFIV opened at $354.03 on Friday. The firm has a 50-day moving average of $297.33 and a 200-day moving average of $274.01. F5, Inc. has a one year low of $223.76 and a one year high of $354.52. The company has a market cap of $19.97 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 7.98 and a beta of 1.00.
Wall Street Analysts Forecast Growth
Several analysts recently commented on FFIV shares. Royal Bank Of Canada lifted their target price on shares of F5 from $345.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Piper Sandler reaffirmed an “overweight” rating on shares of F5 in a report on Wednesday, April 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of F5 in a report on Wednesday, April 29th. Zacks Research raised shares of F5 from a “strong sell” rating to a “hold” rating in a report on Friday, January 9th. Finally, JPMorgan Chase & Co. lifted 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. Five analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $316.44.
Read Our Latest Research Report on F5
F5 News Summary
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
Institutional Trading of F5
Several hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in F5 by 21.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 7,045 shares of the network technology company’s stock worth $2,038,000 after purchasing an additional 1,267 shares in the last quarter. Oslo Pensjonsforsikring AS acquired a new stake in F5 in the 1st quarter worth about $183,000. Dimensional Fund Advisors LP raised its position in shares of F5 by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 603,086 shares of the network technology company’s stock valued at $174,463,000 after buying an additional 4,296 shares in the last quarter. SEB Asset Management AB acquired a new position in shares of F5 in the 1st quarter valued at approximately $7,593,000. Finally, Swiss National Bank raised its position in shares of F5 by 8.3% in the 1st quarter. Swiss National Bank now owns 170,480 shares of the network technology company’s stock valued at $49,325,000 after buying an additional 13,040 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.
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.
See Also
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.
