Scot Frazier Rogers Sells 3,486 Shares of F5, Inc. (NASDAQ:FFIV) Stock

F5, Inc. (NASDAQ:FFIV) EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the completion of the transaction, the executive vice president now owns 20,075 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through this link.

F5 Stock Up 0.5 %

Shares of FFIV stock opened at $292.43 on Friday. The company’s fifty day simple moving average is $279.35 and its 200-day simple moving average is $244.32. The firm has a market cap of $16.86 billion, a PE ratio of 29.07, a P/E/G ratio of 3.85 and a beta of 1.06. F5, Inc. has a 12 month low of $159.01 and a 12 month high of $313.00.

Institutional Trading of F5

Several institutional investors and hedge funds have recently added to or reduced their stakes in FFIV. Norges Bank bought a new stake in F5 during the fourth quarter worth $171,127,000. Arrowstreet Capital Limited Partnership raised its position in F5 by 598.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company’s stock worth $106,944,000 after acquiring an additional 364,372 shares in the last quarter. Los Angeles Capital Management LLC raised its position in F5 by 1,681.1% during the third quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock worth $62,898,000 after acquiring an additional 269,602 shares in the last quarter. Northern Trust Corp raised its position in F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company’s stock worth $229,597,000 after acquiring an additional 251,534 shares in the last quarter. Finally, Edge Capital Group LLC bought a new stake in F5 during the fourth quarter worth $59,623,000. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

FFIV has been the subject of several research analyst reports. Piper Sandler upped their price target on shares of F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Bank of America upped their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Evercore ISI upped their price target on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Barclays upped their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th. Finally, The Goldman Sachs Group upped their price target on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus 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.