Insider Selling: F5, Inc. (NASDAQ:FFIV) Insider Sells 253 Shares of Stock

F5, Inc. (NASDAQ:FFIV) insider Lyra Amber Schramm sold 253 shares of the firm’s stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the completion of the sale, the insider now owns 200 shares of the company’s stock, valued at $59,452. The trade was a 55.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

F5 Price Performance

FFIV traded up $4.59 during trading on Tuesday, reaching $299.78. The company had a trading volume of 806,662 shares, compared to its average volume of 674,055. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $308.00. The business’s fifty day moving average price is $261.18 and its 200 day moving average price is $229.38. The company has a market cap of $17.39 billion, a P/E ratio of 29.80, a PEG ratio of 3.97 and a beta of 1.06.

F5 declared that its Board of Directors has authorized a share buyback plan on Monday, October 28th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to buy up to 7.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Amalgamated Bank lifted its stake in F5 by 2.4% in the fourth quarter. Amalgamated Bank now owns 11,729 shares of the network technology company’s stock valued at $2,949,000 after buying an additional 270 shares in the last quarter. Edge Capital Group LLC bought a new position in F5 in the fourth quarter valued at approximately $59,623,000. Crestwood Advisors Group LLC bought a new position in F5 in the fourth quarter valued at approximately $206,000. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in F5 by 33.5% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 35,480 shares of the network technology company’s stock valued at $8,922,000 after buying an additional 8,900 shares in the last quarter. Finally, Lipe & Dalton raised its holdings in shares of F5 by 19.2% in the fourth quarter. Lipe & Dalton now owns 1,240 shares of the network technology company’s stock valued at $312,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FFIV shares. Morgan Stanley raised their price objective on shares of F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Needham & Company LLC raised their target price on shares of F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 29th. Bank of America raised their target price on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday. Finally, The Goldman Sachs Group raised their target price on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, F5 presently has an average rating of “Hold” and a consensus target price of $295.00.

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.