F5, Inc. (NASDAQ:FFIV) Director Marianne Budnik Sells 728 Shares

F5, Inc. (NASDAQ:FFIV - Get Free Report) Director Marianne Budnik sold 728 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the sale, the director now owns 1,770 shares of the company's stock, valued at $538,876.50. The trade was a 29.14 % 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.

F5 Trading Up 1.6 %

Shares of FFIV traded up $4.59 on Tuesday, reaching $299.78. 806,667 shares of the company's stock were exchanged, compared to its average volume of 674,062. The business has a 50 day moving average price of $262.14 and a two-hundred day moving average price of $230.26. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $308.00. The stock has a market capitalization of $17.39 billion, a P/E ratio of 29.80, a price-to-earnings-growth ratio of 3.97 and a beta of 1.06.

F5 announced that its board has approved a share buyback plan on Monday, October 28th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network technology company to buy up to 7.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

FFIV has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price target on shares of F5 from $225.00 to $250.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Piper Sandler increased their target price 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. Morgan Stanley boosted their price target on F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Bank of America raised their price objective on F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research report on Friday. Finally, Needham & Company LLC boosted their price objective on F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, F5 currently has a consensus rating of "Hold" and a consensus target price of $295.00.

Institutional Trading of F5

Hedge funds have recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC increased its position in shares of F5 by 3.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company's stock worth $1,208,763,000 after acquiring an additional 191,020 shares in the last quarter. State Street Corp boosted its stake in F5 by 0.5% in the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company's stock worth $701,825,000 after purchasing an additional 16,663 shares during the period. Geode Capital Management LLC increased its holdings in F5 by 8.0% during the 3rd quarter. Geode Capital Management LLC now owns 1,573,995 shares of the network technology company's stock worth $345,560,000 after purchasing an additional 117,080 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of F5 by 24.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 409,130 shares of the network technology company's stock valued at $90,090,000 after purchasing an additional 81,005 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of F5 by 7.7% in the third quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company's stock valued at $83,101,000 after purchasing an additional 27,124 shares in the last quarter. 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.