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

F5, Inc. (NASDAQ:FFIV) Director Marianne Budnik sold 1,872 shares of the firm’s 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 owns 1,207 shares of the company’s stock, valued at approximately $314,689.04. This trade represents a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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 Stock Up 2.0 %

NASDAQ:FFIV opened at $262.46 on Friday. 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. F5, Inc. has a twelve month low of $159.01 and a twelve month high of $313.00. The stock’s 50 day moving average price is $282.85 and its two-hundred day moving average price is $249.55.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FFIV shares. Royal Bank of Canada raised their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Piper Sandler raised their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group lifted their price objective on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. 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 report on Friday, January 31st. Finally, Morgan Stanley lifted their price objective on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 29th. One equities 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, the company has a consensus rating of “Hold” and a consensus price target of $295.00.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FFIV. Norges Bank acquired a new position in shares of F5 during the 4th quarter worth approximately $171,127,000. Arrowstreet Capital Limited Partnership boosted its stake in F5 by 598.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company’s stock valued at $106,944,000 after purchasing an additional 364,372 shares during the period. Northern Trust Corp boosted its stake in F5 by 38.0% in the 4th quarter. Northern Trust Corp now owns 913,021 shares of the network technology company’s stock valued at $229,597,000 after purchasing an additional 251,534 shares during the period. Edge Capital Group LLC bought a new stake in F5 in the 4th quarter valued at $59,623,000. Finally, Cookson Peirce & Co. Inc. bought a new stake in F5 in the 4th quarter valued at $53,212,000. 90.66% of the stock is owned by institutional investors and hedge funds.

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.