F5, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou Sells 1,450 Shares

F5, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total transaction of $249,327.50. Following the completion of the sale, the chief executive officer now directly owns 121,462 shares of the company’s stock, valued at approximately $20,885,390.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Francois Locoh-Donou also recently made the following trade(s):

• On Monday, June 3rd, Francois Locoh-Donou sold 1,450 shares of F5 stock. The shares were sold at an average price of $169.55, for a total transaction of $245,847.50.
• On Friday, May 3rd, Francois Locoh-Donou sold 1,450 shares of F5 stock. The shares were sold at an average price of $168.11, for a total transaction of $243,759.50.

F5 Stock Performance

Shares of F5 stock traded down $1.82 on Wednesday, reaching $170.49. 179,459 shares of the company’s stock were exchanged, compared to its average volume of 490,223. The company has a market capitalization of $9.99 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 2.29 and a beta of 1.08. F5, Inc. has a 52 week low of $142.16 and a 52 week high of $199.49. The firm’s 50-day moving average is $170.49 and its two-hundred day moving average is $179.38.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.03. F5 had a return on equity of 21.41% and a net margin of 17.91%. The firm had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $685.47 million. During the same period in the prior year, the business earned $1.70 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts expect that F5, Inc. will post 9.64 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted 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. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of F5 in a research report on Tuesday, April 30th. Barclays cut their price objective on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 30th. Evercore ISI lowered their target price on F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a research note on Tuesday, April 30th. Finally, Piper Sandler reissued a “neutral” rating and set a $167.00 target price (down previously from $187.00) on shares of F5 in a research note on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $185.10.

Hedge Funds Weigh In On F5

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of F5 by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock worth $1,415,294,000 after purchasing an additional 29,154 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of F5 by 13.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock worth $292,001,000 after purchasing an additional 212,784 shares in the last quarter. Lyrical Asset Management LP lifted its holdings in shares of F5 by 38.3% in the 4th quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock worth $204,986,000 after purchasing an additional 317,263 shares in the last quarter. First Trust Advisors LP raised its position in F5 by 0.5% in the 4th quarter. First Trust Advisors LP now owns 1,122,995 shares of the network technology company’s stock valued at $200,994,000 after buying an additional 6,010 shares during the last quarter. Finally, Acadian Asset Management LLC raised its position in F5 by 14.2% in the 1st quarter. Acadian Asset Management LLC now owns 625,734 shares of the network technology company’s stock valued at $118,607,000 after buying an additional 77,611 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

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.