F5, Inc. (NASDAQ:FFIV) EVP Scot Frazier Rogers Sells 1,420 Shares of Stock

F5, Inc. (NASDAQ:FFIV) EVP Scot Frazier Rogers sold 1,420 shares of the stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $199.76, for a total transaction of $283,659.20. Following the completion of the sale, the executive vice president now directly owns 18,073 shares of the company’s stock, valued at $3,610,262.48. The transaction was disclosed in a filing with the SEC, which is available at this link.

Scot Frazier Rogers also recently made the following trade(s):

• On Wednesday, June 5th, Scot Frazier Rogers sold 3,315 shares of F5 stock. The stock was sold at an average price of $168.46, for a total value of $558,444.90.

F5 Stock Up 1.5 %

FFIV stock opened at $203.64 on Thursday. The business’s fifty day simple moving average is $172.41 and its two-hundred day simple moving average is $179.43. F5, Inc. has a twelve month low of $145.45 and a twelve month high of $205.92. The firm has a market cap of $11.94 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 2.67 and a beta of 1.08.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, topping analysts’ consensus estimates of $2.97 by $0.39. The business had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.46 earnings per share. Research analysts expect that F5, Inc. will post 9.64 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Evercore ISI increased their target price on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their target price on F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research report on Tuesday. Needham & Company LLC increased their target price on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday. Barclays increased their target price on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Royal Bank of Canada raised their price target on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six 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 MarketBeat.com, F5 currently has an average rating of “Hold” and a consensus target price of $200.89.

Hedge Funds Weigh In On F5

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in F5 by 0.4% in the first quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock valued at $1,415,294,000 after purchasing an additional 29,154 shares during the last quarter. Lyrical Asset Management LP grew its stake in F5 by 38.3% in the fourth quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock valued at $204,986,000 after purchasing an additional 317,263 shares during the last quarter. First Trust Advisors LP grew its stake in F5 by 0.5% in the fourth quarter. First Trust Advisors LP now owns 1,122,995 shares of the network technology company’s stock valued at $200,994,000 after purchasing an additional 6,010 shares during the last quarter. Acadian Asset Management LLC grew its stake in F5 by 14.2% in the first quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock valued at $118,607,000 after purchasing an additional 77,611 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in F5 by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 523,982 shares of the network technology company’s stock worth $90,245,000 after acquiring an additional 45,843 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Company Profile

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.