F5, Inc. (NASDAQ:FFIV) Director Sells $488,067.84 in Stock

F5, Inc. (NASDAQ:FFIV) Director Marianne Budnik sold 1,872 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the sale, the director now owns 1,207 shares of the company’s stock, valued at approximately $314,689.04. The trade was a 60.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Marianne Budnik also recently made the following trade(s):

• On Thursday, January 30th, Marianne Budnik sold 728 shares of F5 stock. The shares were sold at an average price of $304.45, for a total value of $221,639.60.

F5 Stock Performance

Shares of NASDAQ:FFIV opened at $262.46 on Friday. The firm has a market cap of $15.13 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The firm’s fifty day moving average is $282.85 and its 200-day moving average is $249.55. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00.

Wall Street Analyst Weigh In

FFIV has been the topic of a number of recent analyst reports. Barclays lifted their target price on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Piper Sandler increased their price objective on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada boosted their target price on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Bank of America boosted their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, F5 has an average rating of “Hold” and a consensus price target of $295.00.

Hedge Funds Weigh In On F5

A number of hedge funds have recently modified their holdings of FFIV. Vanguard Group Inc. lifted its holdings in F5 by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company’s stock valued at $1,897,154,000 after buying an additional 64,261 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in F5 by 3.6% in the third 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 buying an additional 191,020 shares during the period. State Street Corp lifted its holdings in F5 by 0.5% in the third quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock valued at $701,825,000 after buying an additional 16,663 shares during the period. Geode Capital Management LLC lifted its holdings in F5 by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company’s stock valued at $402,536,000 after buying an additional 30,367 shares during the period. Finally, First Trust Advisors LP lifted its holdings in F5 by 3.1% in the fourth quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company’s stock valued at $316,814,000 after buying an additional 37,354 shares during the period. 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.