Marianne Budnik Sells 1,872 Shares of F5, Inc. (NASDAQ:FFIV) Stock

F5, Inc. (NASDAQ:FFIV) Director Marianne Budnik sold 1,872 shares of the stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the sale, the director now directly owns 1,207 shares in the company, valued at $314,689.04. This trade represents a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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 transaction of $221,639.60.

F5 Trading Up 2.0 %

NASDAQ FFIV opened at $262.46 on Monday. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 3.85 and a beta of 1.10. The company’s 50 day moving average is $282.85 and its two-hundred day moving average is $250.26.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on FFIV. Evercore ISI raised their price target on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. The Goldman Sachs Group raised their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Piper Sandler raised their price target on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley raised their price target on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, Bank of America increased their price objective 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 given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, F5 has a consensus rating of “Hold” and an average target price of $295.00.

Institutional Investors Weigh In On F5

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company’s stock worth $90,090,000 after acquiring an additional 81,005 shares during the period. Allspring Global Investments Holdings LLC raised its stake in F5 by 457.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company’s stock worth $7,899,000 after acquiring an additional 25,748 shares during the period. Boston Trust Walden Corp raised its stake in F5 by 3.9% during the 4th quarter. Boston Trust Walden Corp now owns 194,820 shares of the network technology company’s stock worth $48,991,000 after acquiring an additional 7,341 shares during the period. GAMMA Investing LLC raised its stake in F5 by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock worth $539,000 after acquiring an additional 571 shares during the period. Finally, Synergy Asset Management LLC raised its position in shares of F5 by 100.0% during the fourth quarter. Synergy Asset Management LLC now owns 2,224 shares of the network technology company’s stock valued at $525,000 after buying an additional 1,112 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

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.