F5, Inc. (NASDAQ:FFIV – Get Free Report) EVP Chad Michael Whalen sold 6,200 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $350.19, for a total transaction of $2,171,178.00. Following the completion of the transaction, the executive vice president owned 20,832 shares of the company’s stock, valued at $7,295,158.08. The trade was a 22.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Chad Michael Whalen also recently made the following trade(s):
- On Monday, May 4th, Chad Michael Whalen sold 704 shares of F5 stock. The shares were sold at an average price of $330.30, for a total transaction of $232,531.20.
- On Friday, March 6th, Chad Michael Whalen sold 688 shares of F5 stock. The shares were sold at an average price of $277.05, for a total transaction of $190,610.40.
F5 Trading Down 0.9%
Shares of NASDAQ:FFIV opened at $354.98 on Wednesday. The stock has a market capitalization of $20.03 billion, a PE ratio of 29.12, a PEG ratio of 8.29 and a beta of 1.00. The firm has a 50 day moving average of $302.13 and a 200-day moving average of $275.23. F5, Inc. has a 12 month low of $223.76 and a 12 month high of $362.00.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Fortis Capital Management LLC acquired a new position in shares of F5 during the 1st quarter valued at $321,000. ABN Amro Investment Solutions lifted its position in shares of F5 by 21.8% during the 1st quarter. ABN Amro Investment Solutions now owns 2,258 shares of the network technology company’s stock valued at $653,000 after acquiring an additional 404 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of F5 by 21.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,045 shares of the network technology company’s stock valued at $2,038,000 after acquiring an additional 1,267 shares during the period. Oslo Pensjonsforsikring AS acquired a new position in shares of F5 during the 1st quarter valued at $183,000. Finally, Dimensional Fund Advisors LP raised its holdings in F5 by 0.7% during the first quarter. Dimensional Fund Advisors LP now owns 603,086 shares of the network technology company’s stock worth $174,463,000 after buying an additional 4,296 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on FFIV shares. JPMorgan Chase & Co. boosted their target price on shares of F5 from $355.00 to $365.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Weiss Ratings raised shares of F5 from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 30th. Needham & Company LLC reissued a “hold” rating on shares of F5 in a report on Wednesday, April 29th. The Goldman Sachs Group boosted their price target on shares of F5 from $285.00 to $320.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. Finally, Barclays boosted their price target on shares of F5 from $283.00 to $292.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $316.44.
Get 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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