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 firm’s stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the sale, the insider now directly owns 200 shares of the company’s stock, valued at approximately $59,452. This represents a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

F5 Price Performance

NASDAQ:FFIV opened at $303.32 on Thursday. F5, Inc. has a 1 year low of $159.01 and a 1 year high of $308.00. The stock’s fifty day moving average price is $263.20 and its two-hundred day moving average price is $230.77. The company has a market cap of $17.60 billion, a P/E ratio of 30.15, a P/E/G ratio of 3.97 and a beta of 1.06.

F5 announced that its Board of Directors has initiated a share repurchase program on Monday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the network technology company to buy up to 7.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms recently weighed in on FFIV. Morgan Stanley increased their price target on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Needham & Company LLC increased their target price on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of F5 from $225.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Royal Bank of Canada increased their price objective on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a report on Wednesday, January 29th. Finally, Barclays raised their target price on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, F5 presently has an average rating of “Hold” and an average target price of $295.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FFIV. Northwest Investment Counselors LLC purchased a new stake in shares of F5 in the third quarter worth about $28,000. Kathleen S. Wright Associates Inc. bought a new stake in F5 during the 3rd quarter worth approximately $32,000. Friedenthal Financial purchased a new stake in F5 in the 4th quarter worth approximately $50,000. Global Retirement Partners LLC lifted its stake in F5 by 783.3% in the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock worth $80,000 after purchasing an additional 282 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its holdings in F5 by 79.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after purchasing an additional 142 shares during the period. 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.