F5, Inc. (NASDAQ:FFIV) Insider Lyra Amber Schramm Sells 253 Shares

F5, Inc. (NASDAQ:FFIV) insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now owns 200 shares in the company, valued at $59,452. This trade represents a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

F5 Stock Up 1.6 %

Shares of F5 stock traded up $4.59 during trading on Tuesday, reaching $299.78. The company’s stock had a trading volume of 806,662 shares, compared to its average volume of 674,055. The business’s 50-day moving average price is $261.18 and its 200-day moving average price is $229.38. The firm has a market cap of $17.39 billion, a PE ratio of 29.80, a P/E/G ratio of 3.97 and a beta of 1.06. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $308.00.

F5 announced that its Board of Directors has initiated a share buyback plan on Monday, October 28th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the network technology company to reacquire up to 7.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Institutional Investors Weigh In On F5

A number of institutional investors have recently modified their holdings of FFIV. Creative Planning boosted its position in shares of F5 by 4.1% in the second quarter. Creative Planning now owns 3,994 shares of the network technology company’s stock valued at $688,000 after acquiring an additional 156 shares during the period. Czech National Bank boosted its position in shares of F5 by 6.3% in the third quarter. Czech National Bank now owns 11,873 shares of the network technology company’s stock valued at $2,614,000 after acquiring an additional 704 shares during the period. Park Avenue Securities LLC bought a new stake in shares of F5 in the third quarter valued at about $205,000. Handelsbanken Fonder AB lifted its position in F5 by 28.3% during the third quarter. Handelsbanken Fonder AB now owns 14,500 shares of the network technology company’s stock worth $3,193,000 after purchasing an additional 3,200 shares during the period. Finally, GAMMA Investing LLC lifted its position in F5 by 67.0% during the third quarter. GAMMA Investing LLC now owns 1,573 shares of the network technology company’s stock worth $346,000 after purchasing an additional 631 shares during the period. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on FFIV. 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 report on Friday. Needham & Company LLC boosted their target price 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 target price 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 target price 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, JPMorgan Chase & Co. boosted their target price on shares of F5 from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, October 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 given a strong buy rating to the company. According to MarketBeat, F5 currently has a consensus rating of “Hold” and an average target price 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.