F5, Inc. (NASDAQ:FFIV) Director Marianne Budnik Sells 1,872 Shares

F5, Inc. (NASDAQ:FFIV) Director Marianne Budnik sold 1,872 shares of F5 stock in a transaction on Friday, March 14th. The shares were sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares of the company’s stock, valued at approximately $314,689.04. This represents a 60.80 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Marianne Budnik also recently made the following trade(s):

• On Thursday, January 30th, Marianne Budnik sold 728 shares of F5 stock. The shares were sold at an average price of $304.45, for a total value of $221,639.60.

F5 Price Performance

Shares of FFIV stock opened at $262.46 on Friday. F5, Inc. has a 12-month low of $159.01 and a 12-month high of $313.00. The firm has a market capitalization of $15.13 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The business has a 50 day simple moving average of $282.85 and a 200 day simple moving average of $249.90.

Hedge Funds Weigh In On F5

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFIV. Park Square Financial Group LLC bought a new position in F5 during the 4th quarter valued at $31,000. Crowley Wealth Management Inc. bought a new position in F5 during the 4th quarter valued at $35,000. Hurley Capital LLC bought a new position in F5 during the 4th quarter valued at $43,000. Friedenthal Financial acquired a new stake in shares of F5 during the 4th quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of F5 by 31.8% during the 4th 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. 90.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on FFIV. Royal Bank of Canada boosted their price target on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Barclays boosted their price target on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th. Bank of America upped their price objective on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Morgan Stanley upped their price objective on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Finally, Piper Sandler upped their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $295.00.

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.