F5 Networks Inc (FFIV) Files Form 4 Insider Selling : Scot Frazier Rogers Sells 1,597 Shares

F5 Networks Inc (FFIV): Scot Frazier Rogers , EVP and General Counsel of F5 Networks Inc sold 1,597 shares on May 2, 2016. The Insider selling transaction was reported by the company on May 3, 2016 to the Securities and Exchange Commission. The shares were sold at $103.64 per share for a total value of $165,505.58 , 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, Karl D Triebes (EVP, Product Development & CTO) sold 5,798 shares at $103.91 per share price.On May 3, 2016, Andrew Reinland (EVP, Chief Financial Officer) sold 4,187 shares at $103.93 per share price.Also, On May 3, 2016, Edward Julian Eames (EVP, Chief Operations Officer) sold 6,667 shares at $103.93 per share price.On Mar 4, 2016, John Mcadam (President and CEO) sold 7,168 shares at $100.00 per share price.

Shares of F5 Networks (FFIV) ended Monday, May 2, 2016 session in red amid volatile trading. The shares closed down -1.1 points or -1.05% at $103.65 with 9,63,989 shares getting traded. Post opening the session at $103.12, the shares hit an intraday low of $103.01 and an intraday high of $104.24 and the price vacillated in this range throughout the day. The company has a market cap of $6,943 M and the number of outstanding shares has been calculated to be 6,69,81,285 shares. The 52-week high of F5 Networks is $135.2 and the 52-week low is $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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