Insider Selling: F5, Inc. (NASDAQ:FFIV) EVP Sells $1,022,025.48 in Stock

F5, Inc. (NASDAQ:FFIV) EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares of the company’s stock, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

F5 Price Performance

FFIV stock opened at $292.43 on Friday. The company has a fifty day moving average price of $279.35 and a 200 day moving average price of $244.69. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The company has a market cap of $16.86 billion, a price-to-earnings ratio of 29.07, a price-to-earnings-growth ratio of 3.85 and a beta of 1.06.

Analysts Set New Price Targets

FFIV has been the subject of several analyst reports. Bank of America boosted their price target on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. Needham & Company LLC boosted their price target on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 29th. Evercore ISI boosted their price target on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. Finally, Royal Bank of Canada boosted their price target on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, F5 presently has an average rating of “Hold” and an average price target of $295.00.

Institutional Trading of F5

Several institutional investors and hedge funds have recently bought and sold shares of FFIV. Park Square Financial Group LLC acquired a new stake in shares of F5 in the 4th quarter worth $31,000. Crowley Wealth Management Inc. acquired a new stake in shares of F5 in the 4th quarter worth $35,000. Hurley Capital LLC acquired a new stake in shares of F5 in the 4th quarter worth $43,000. Friedenthal Financial acquired a new stake in shares of F5 in the 4th quarter worth $50,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors 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.