Insider Selling: F5, Inc. (NASDAQ:FFIV) EVP Sells 3,486 Shares of Stock

F5, Inc. (NASDAQ:FFIV - Get Free Report) EVP Scot Frazier Rogers sold 3,486 shares of F5 stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the sale, the executive vice president now directly owns 20,075 shares in the company, valued at $5,885,588.50. This trade represents a 14.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

F5 Price Performance

NASDAQ FFIV traded down $8.28 during trading on Monday, hitting $284.15. 724,794 shares of the company's stock traded hands, compared to its average volume of 612,887. The stock has a fifty day moving average of $279.95 and a two-hundred day moving average of $245.69. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The firm has a market cap of $16.38 billion, a P/E ratio of 28.25, a PEG ratio of 3.85 and a beta of 1.06.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on FFIV shares. Bank of America boosted their price target on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. Morgan Stanley upped their target price on shares of F5 from $262.00 to $310.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. Evercore ISI upped their target price on shares of F5 from $240.00 to $270.00 and gave the stock an "in-line" rating in a research report on Friday, January 17th. Piper Sandler upped their target price on shares of F5 from $246.00 to $304.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Barclays upped their target price on shares of F5 from $246.00 to $296.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $295.00.

Institutional Trading of F5

Several institutional investors have recently added to or reduced their stakes in the business. Park Square Financial Group LLC bought a new position in shares of F5 during the fourth quarter valued at about $31,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of F5 during the fourth quarter valued at about $22,947,000. Capital A Wealth Management LLC bought a new position in shares of F5 during the fourth quarter valued at about $222,000. Mackenzie Financial Corp raised its stake in shares of F5 by 7.0% during the fourth quarter. Mackenzie Financial Corp now owns 5,462 shares of the network technology company's stock valued at $1,374,000 after acquiring an additional 357 shares during the last quarter. Finally, Forum Financial Management LP bought a new position in shares of F5 during the fourth quarter valued at about $304,000. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

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.