Insider Selling: F5, Inc. (NASDAQ:FFIV) CFO Sells $88,100.00 in Stock

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $176.20, for a total transaction of $88,100.00. Following the transaction, the chief financial officer now owns 31,108 shares in the company, valued at approximately $5,481,229.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

F5 Stock Up 1.9 %

Shares of NASDAQ:FFIV opened at $173.73 on Friday. The firm has a market capitalization of $10.18 billion, a PE ratio of 20.81, a P/E/G ratio of 2.31 and a beta of 1.08. F5, Inc. has a twelve month low of $145.45 and a twelve month high of $199.49. The company has a 50-day moving average price of $171.13 and a two-hundred day moving average price of $179.00.

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

Hedge Funds Weigh In On F5

A number of large investors have recently modified their holdings of FFIV. Atlantic Edge Private Wealth Management LLC bought a new position in shares of F5 in the fourth quarter valued at approximately $25,000. Family Firm Inc. bought a new stake in F5 during the second quarter valued at approximately $25,000. New Covenant Trust Company N.A. bought a new stake in F5 during the first quarter valued at approximately $27,000. Pacific Capital Wealth Advisors Inc. bought a new stake in F5 during the fourth quarter valued at approximately $34,000. Finally, Washington Trust Advisors Inc. bought a new stake in F5 during the fourth quarter valued at approximately $36,000. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Piper Sandler restated a “neutral” rating and set a $167.00 price objective (down previously from $187.00) on shares of F5 in a report on Tuesday, April 30th. Royal Bank of Canada lowered their target price on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a report on Tuesday, April 30th. JPMorgan Chase & Co. increased their target price on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Evercore ISI lowered their target price on shares of F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a report on Tuesday, April 30th. Finally, Barclays lowered their target price on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, F5 has a consensus rating of “Hold” and a consensus price target of $187.33.

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.