F5, Inc. (NASDAQ:FFIV – Get Free Report) CFO Edward Cooper Werner sold 1,500 shares of the firm’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $350.00, for a total value of $525,000.00. Following the completion of the transaction, the chief financial officer owned 2,906 shares in the company, valued at approximately $1,017,100. This represents a 34.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Edward Cooper Werner also recently made the following trade(s):
- 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 value of $193,075.67.
- On Wednesday, March 4th, Edward Cooper Werner sold 969 shares of F5 stock. The shares were sold at an average price of $282.20, for a total value of $273,451.80.
F5 Stock Performance
FFIV traded down $3.32 during midday trading on Tuesday, reaching $354.98. 502,548 shares of the company were exchanged, compared to its average volume of 833,485. F5, Inc. has a one year low of $223.76 and a one year high of $362.00. The stock has a market capitalization of $20.03 billion, a P/E ratio of 29.12, a PEG ratio of 8.19 and a beta of 1.00. The stock’s 50-day simple moving average is $300.46 and its 200 day simple moving average is $274.83.
Hedge Funds Weigh In On F5
Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of F5 by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 7,357,293 shares of the network technology company’s stock valued at $1,878,023,000 after purchasing an additional 114,533 shares in the last quarter. State Street Corp lifted its holdings in shares of F5 by 1.7% during the 3rd quarter. State Street Corp now owns 3,226,326 shares of the network technology company’s stock valued at $1,042,716,000 after purchasing an additional 53,712 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of F5 by 68.5% during the 4th quarter. First Trust Advisors LP now owns 2,753,652 shares of the network technology company’s stock valued at $702,897,000 after purchasing an additional 1,119,291 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of F5 during the 4th quarter valued at about $579,699,000. Finally, Invesco Ltd. lifted its holdings in shares of F5 by 7.5% during the 4th quarter. Invesco Ltd. now owns 1,537,680 shares of the network technology company’s stock valued at $392,508,000 after purchasing an additional 106,616 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the company. Royal Bank Of Canada raised their target price on F5 from $345.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Barclays raised their target price on F5 from $283.00 to $292.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 29th. The Goldman Sachs Group raised their target price on F5 from $285.00 to $320.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Weiss Ratings upgraded F5 from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. raised their target price on F5 from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Five investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $316.44.
Check Out Our Latest Stock Report on FFIV
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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