Insider Selling: F5, Inc. (NASDAQ:FFIV) Insider Sells 253 Shares of Stock

F5, Inc. (NASDAQ:FFIV) insider Lyra Amber Schramm sold 253 shares of the company’s stock in a transaction dated Saturday, February 1st. The stock was sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the sale, the insider now owns 200 shares in the company, valued at $59,452. The trade was a 55.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

F5 Stock Up 1.6 %

FFIV opened at $299.78 on Wednesday. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $308.00. The company has a market cap of $17.39 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 3.97 and a beta of 1.06. The company has a 50-day moving average price of $262.14 and a 200 day moving average price of $230.26.

F5 declared that its board has authorized a stock repurchase plan on Monday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On F5

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hotchkis & Wiley Capital Management LLC raised its stake in F5 by 3.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock valued at $1,208,763,000 after purchasing an additional 191,020 shares during the last quarter. State Street Corp grew its holdings in shares of F5 by 0.5% during the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock worth $701,825,000 after buying an additional 16,663 shares in the last quarter. Geode Capital Management LLC raised its position in shares of F5 by 8.0% in the third quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company’s stock valued at $345,560,000 after buying an additional 117,080 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of F5 by 24.7% in the third quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after buying an additional 81,005 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in F5 by 7.7% during the third quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock worth $83,101,000 after acquiring an additional 27,124 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on FFIV. Evercore ISI upped their price objective on F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on shares of F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Needham & Company LLC upped their price objective on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Barclays increased their target price on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler upped their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $295.00.

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.