F5, Inc. (NASDAQ:FFIV) Insider Lyra Amber Schramm Sells 253 Shares of Stock

F5, Inc. (NASDAQ:FFIV) insider Lyra Amber Schramm sold 253 shares of F5 stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the transaction, the insider now directly owns 200 shares in the company, valued at approximately $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

F5 Stock Up 1.6 %

FFIV stock opened at $299.78 on Wednesday. The stock has a market capitalization of $17.39 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 3.97 and a beta of 1.06. F5, Inc. has a 52 week low of $159.01 and a 52 week high of $308.00. The firm has a 50 day moving average of $262.14 and a 200 day moving average of $230.26.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On F5

Hedge funds have recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in F5 during the 3rd quarter valued at about $28,000. Kathleen S. Wright Associates Inc. purchased a new stake in F5 in the third quarter valued at approximately $32,000. Friedenthal Financial acquired a new position in F5 in the 4th quarter worth approximately $50,000. Venturi Wealth Management LLC raised its position in F5 by 79.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock worth $70,000 after buying an additional 142 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its stake in F5 by 783.3% during the 4th quarter. Global Retirement Partners LLC now owns 318 shares of the network technology company’s stock valued at $80,000 after acquiring an additional 282 shares during the period. 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.