F5, Inc. (NASDAQ:FFIV - Get Free Report) CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total value of $344,981.00. Following the sale, the chief executive officer now directly owns 148,647 shares of the company's stock, valued at approximately $39,446,454.39. This trade represents a 0.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
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 Price Performance
FFIV stock opened at $272.73 on Thursday. F5, Inc. has a 1-year low of $159.01 and a 1-year high of $313.00. The business has a 50 day simple moving average of $284.99 and a two-hundred day simple moving average of $256.04. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 27.11, a PEG ratio of 3.85 and a beta of 1.10.
Hedge Funds Weigh In On F5
A number of hedge funds and other institutional investors have recently modified their holdings of FFIV. Park Square Financial Group LLC purchased a new position in shares of F5 in the 4th quarter worth $31,000. Crowley Wealth Management Inc. bought a new stake in F5 in the fourth quarter worth $35,000. Hurley Capital LLC purchased a new position in F5 during the fourth quarter worth $43,000. Friedenthal Financial bought a new position in F5 during the fourth quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC increased its position in F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock valued at $51,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 90.66% of the company's stock.
Wall Street Analysts Forecast Growth
FFIV has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. The Goldman Sachs Group increased their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Needham & Company LLC increased their price target on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Royal Bank of Canada lifted their target price on F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Finally, Bank of America increased their target price on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, F5 currently has an average rating of "Hold" and a consensus target price of $295.00.
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About F5
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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.
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