Insider Selling: F5, Inc. (NASDAQ:FFIV) CFO Sells 600 Shares of Stock

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 600 shares of the stock in a transaction on Monday, October 21st. The shares were sold at an average price of $217.67, for a total value of $130,602.00. Following the completion of the sale, the chief financial officer now owns 29,825 shares of the company’s stock, valued at $6,492,007.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

F5 Trading Down 0.4 %

NASDAQ FFIV traded down $0.89 during trading hours on Tuesday, hitting $217.06. The company’s stock had a trading volume of 391,139 shares, compared to its average volume of 515,570. F5, Inc. has a 52 week low of $145.45 and a 52 week high of $224.47. The company has a market capitalization of $12.72 billion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.61 and a beta of 1.06. The company’s 50-day simple moving average is $209.52 and its two-hundred day simple moving average is $187.77.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.39. F5 had a net margin of 19.94% and a return on equity of 21.03%. The business had revenue of $695.50 million for the quarter, compared to analysts’ expectations of $686.06 million. During the same quarter last year, the firm earned $2.46 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts anticipate that F5, Inc. will post 10.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on FFIV shares. Royal Bank of Canada increased their price objective on F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. upped their price target on shares of F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday, July 30th. StockNews.com cut shares of F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. Evercore ISI upped their price target on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. Finally, Needham & Company LLC upped their price target on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, F5 has an average rating of “Hold” and an average target price of $204.56.

Hedge Funds Weigh In On F5

Large investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new stake in F5 in the 3rd quarter valued at about $28,000. New Covenant Trust Company N.A. purchased a new stake in F5 in the 1st quarter valued at about $27,000. Kathleen S. Wright Associates Inc. purchased a new stake in F5 in the 3rd quarter valued at about $32,000. Family Firm Inc. purchased a new stake in F5 in the 2nd quarter valued at about $25,000. Finally, Quest Partners LLC increased its stake in F5 by 9,100.0% in the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after buying an additional 182 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

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.