F5, Inc. (NASDAQ:FFIV – Get Free Report) CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $320.61, for a total value of $416,793.00. Following the completion of the transaction, the chief executive officer owned 107,553 shares in the company, valued at $34,482,567.33. This trade represents a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Francois Locoh-Donou also recently made the following trade(s):
- On Friday, August 1st, Francois Locoh-Donou sold 1,300 shares of F5 stock. The stock was sold at an average price of $308.14, for a total value of $400,582.00.
F5 Stock Performance
Shares of NASDAQ FFIV opened at $324.98 on Friday. The company has a market cap of $18.67 billion, a PE ratio of 28.63, a P/E/G ratio of 3.59 and a beta of 1.06. The business has a 50-day simple moving average of $319.17 and a two-hundred day simple moving average of $293.19. F5, Inc. has a fifty-two week low of $213.24 and a fifty-two week high of $337.39.
Analysts Set New Price Targets
Several equities research analysts have weighed in on the company. Wall Street Zen downgraded F5 from a “strong-buy” rating to a “buy” rating in a report on Friday. Piper Sandler raised their price target on F5 from $304.00 to $355.00 and gave the stock a “neutral” rating in a report on Thursday, July 31st. Wolfe Research initiated coverage on F5 in a report on Monday, July 7th. They issued an “outperform” rating for the company. Needham & Company LLC upped their target price on F5 from $320.00 to $345.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. Finally, Morgan Stanley increased their price target on shares of F5 from $305.00 to $312.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $309.89.
View Our Latest Stock Analysis on F5
Institutional Investors Weigh In On F5
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Private Advisory Group LLC purchased a new position in shares of F5 during the 1st quarter valued at approximately $469,000. Vestcor Inc increased its holdings in shares of F5 by 689.3% during the 1st quarter. Vestcor Inc now owns 7,364 shares of the network technology company’s stock valued at $1,961,000 after purchasing an additional 6,431 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 77 shares in the last quarter. Norden Group LLC purchased a new position in shares of F5 during the 1st quarter valued at approximately $234,000. Finally, OneDigital Investment Advisors LLC purchased a new position in shares of F5 during the 1st quarter valued at approximately $240,000. Institutional investors and hedge funds own 90.66% of the company’s stock.
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.
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