Chad Michael Whalen Sells 4,093 Shares of F5, Inc. (NASDAQ:FFIV) Stock

F5, Inc. (NASDAQ:FFIV) EVP Chad Michael Whalen sold 4,093 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the sale, the executive vice president now owns 27,264 shares of the company’s stock, valued at approximately $7,915,557.12. This represents a 13.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

F5 Trading Up 1.4 %

FFIV stock opened at $307.44 on Friday. The stock’s fifty day simple moving average is $264.35 and its two-hundred day simple moving average is $231.30. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $308.32. The stock has a market cap of $17.83 billion, a P/E ratio of 30.56, a P/E/G ratio of 3.97 and a beta of 1.06.

F5 declared that its board has authorized a stock buyback program on Monday, October 28th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the network technology company to buy up to 7.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Jones Financial Companies Lllp boosted its position in F5 by 4.3% in the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock worth $214,000 after purchasing an additional 35 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its position in F5 by 2.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock worth $404,000 after purchasing an additional 44 shares during the last quarter. Empirical Finance LLC boosted its position in F5 by 2.3% in the third quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company’s stock worth $451,000 after purchasing an additional 46 shares during the last quarter. Captrust Financial Advisors boosted its position in F5 by 2.0% in the third quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company’s stock worth $572,000 after purchasing an additional 50 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its position in F5 by 2.9% in the third quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock worth $447,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

FFIV has been the subject of several recent research reports. StockNews.com upgraded F5 from a “buy” rating to a “strong-buy” rating in a report on Tuesday, October 29th. Needham & Company LLC boosted their price objective on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada boosted 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. Piper Sandler boosted their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, 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. One research 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’s stock. Based on data from MarketBeat, F5 presently has an average rating of “Hold” and a consensus price target of $295.00.

About F5

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.