F5 Networks Inc (FFIV) Files Form 4 Insider Selling : John Mcadam Sells 7,169 Shares

F5 Networks Inc (FFIV): John Mcadam , President and CEO of F5 Networks Inc sold 7,169 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $102.34 per share for a total value of $733,676.19 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 3, 2016, Scot Frazier Rogers (EVP and General Counsel) sold 1,597 shares at $103.64 per share price.On May 3, 2016, Karl D Triebes (EVP, Product Development & CTO) sold 5,798 shares at $103.91 per share price.Also, On May 3, 2016, Andrew Reinland (EVP, Chief Financial Officer) sold 4,187 shares at $103.93 per share price.On May 3, 2016, Edward Julian Eames (EVP, Chief Operations Officer) sold 6,667 shares at $103.93 per share price.

F5 Networks: On Tuesday, May 10, 2016 heightened volatility was witnessed in F5 Networks which led to swings in the share price. The shares opened for trading at $102.21 and hit $104.41 on the upside , eventually ending the session at $104.34, with a gain of 2.43% or 2.48 points. The heightened volatility saw the trading volume jump to 10,18,459 shares. The 52-week high of the share price is $135.2 and the company has a market cap of $6,989 M . The 52-week low of the share price is at $86.026.

F5 Networks Money Flow Index Chart

Company has been under the radar of several Street Analysts.F5 Networks is Downgraded by Raymond James to Mkt Perform. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Apr 21, 2016.F5 Networks is Resumed by RBC Capital Mkts to Sector Perform and the brokerage firm has set the Price Target at $110. The Rating was issued on Apr 12, 2016.F5 Networks is Reiterated by MKM Partners to Neutral and the brokerage firm has raised the Price Target to $ 106 from a previous price target of $100 .The Rating was issued on Apr 12, 2016.

F5 Networks Inc. is the developer and provider of application delivery services. The Company’s core technology is a full-proxy programmable software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud data center and software-defined networking deployments to successfully deliver applications to anyone anywhere at any time. It works with many technology companies to improve manageability strengthen security and ensure faster and more successful deployments. Its applications include availability and delivery. It can remove the roadblocks in one’s network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate one’s application response time minimize latency and delays and reduce the number of data round trips necessary to complete a web request.

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