F5, Inc. (NASDAQ:FFIV) CEO Sells $344,981.00 in Stock

F5, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total transaction of $344,981.00. Following the sale, the chief executive officer now directly owns 148,647 shares in the company, valued at $39,446,454.39. The trade was a 0.87 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Francois Locoh-Donou also recently made the following trade(s):

• On Wednesday, February 12th, Francois Locoh-Donou sold 6,500 shares of F5 stock. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00.

F5 Stock Up 1.5 %

FFIV stock traded up $4.15 during midday trading on Wednesday, reaching $272.73. 463,531 shares of the company’s stock traded hands, compared to its average volume of 566,248. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $313.00. The company has a market cap of $15.72 billion, a price-to-earnings ratio of 27.11, a P/E/G ratio of 3.85 and a beta of 1.10. The firm’s fifty day moving average price is $284.98 and its 200-day moving average price is $255.92.

Analyst Ratings Changes

A number of equities analysts recently commented on FFIV shares. Bank of America lifted their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Royal Bank of Canada increased their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their target price 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. Needham & Company LLC lifted their price objective on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Piper Sandler upped their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” 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 assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, F5 currently has an average rating of “Hold” and a consensus price target of $295.00.

Hedge Funds Weigh In On F5

A number of hedge funds have recently added to or reduced their stakes in FFIV. Coldstream Capital Management Inc. grew its holdings in F5 by 3.7% during the fourth quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company’s stock worth $240,000 after buying an additional 34 shares in the last quarter. Colonial Trust Co SC grew its position in F5 by 5.2% in the 4th quarter. Colonial Trust Co SC now owns 685 shares of the network technology company’s stock worth $172,000 after purchasing an additional 34 shares in the last quarter. Jones Financial Companies Lllp increased its stake in F5 by 4.3% in the 4th quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after buying an additional 35 shares during the last quarter. AMG National Trust Bank lifted its position in shares of F5 by 0.5% during the 4th quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock worth $1,987,000 after buying an additional 37 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of 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 valued at $404,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds 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.