F5, Inc. (NASDAQ:FFIV) CFO Sells $85,000.00 in Stock

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $170.00, for a total value of $85,000.00. Following the completion of the sale, the chief financial officer now owns 31,608 shares in the company, valued at approximately $5,373,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

F5 Trading Down 0.2 %

NASDAQ:FFIV opened at $169.26 on Thursday. The stock has a fifty day moving average price of $171.08 and a 200 day moving average price of $179.46. F5, Inc. has a 12-month low of $142.16 and a 12-month high of $199.49. The firm has a market cap of $9.92 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 2.25 and a beta of 1.09.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.03. The business had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.70 EPS. Equities analysts forecast that F5, Inc. will post 9.64 EPS for the current year.

Institutional Investors Weigh In On F5

Large investors have recently modified their holdings of the company. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of F5 during the fourth quarter worth $25,000. New Covenant Trust Company N.A. purchased a new stake in F5 during the 1st quarter worth about $27,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of F5 during the 4th quarter worth about $34,000. Washington Trust Advisors Inc. purchased a new position in shares of F5 in the 4th quarter valued at about $36,000. Finally, Register Financial Advisors LLC acquired a new stake in shares of F5 during the 1st quarter worth about $38,000. 90.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on FFIV. JPMorgan Chase & Co. upped their target price on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Royal Bank of Canada lowered their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 30th. Barclays cut their target price on F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and set a $220.00 price target on shares of F5 in a research report on Tuesday, April 30th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $167.00 price objective (down previously from $187.00) on shares of F5 in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $185.10.

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.