Insider Selling: F5, Inc. (NASDAQ:FFIV) CEO Sells 1,450 Shares of Stock

by · The Cerbat Gem

F5, Inc. (NASDAQ:FFIV – Get Free Report) CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $218.26, for a total transaction of $316,477.00. Following the transaction, the chief executive officer now directly owns 121,122 shares in the company, valued at $26,436,087.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

  • On Monday, August 5th, Francois Locoh-Donou sold 1,450 shares of F5 stock. The shares were sold at an average price of $188.35, for a total transaction of $273,107.50.

F5 Trading Up 0.8 %

FFIV opened at $219.91 on Friday. The stock’s 50 day simple moving average is $203.36 and its 200-day simple moving average is $185.53. The stock has a market cap of $12.89 billion, a PE ratio of 26.34, a P/E/G ratio of 2.77 and a beta of 1.06. F5, Inc. has a 1 year low of $145.45 and a 1 year high of $223.74.

F5 (NASDAQ:FFIV – Get Free Report) last announced its quarterly earnings data on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. During the same quarter in the prior year, the company posted $2.46 EPS. The business’s revenue was down 1.0% on a year-over-year basis. Equities analysts forecast that F5, Inc. will post 10.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB raised its holdings in shares of F5 by 28.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 14,500 shares of the network technology company’s stock worth $3,193,000 after buying an additional 3,200 shares in the last quarter. Park Avenue Securities LLC bought a new stake in F5 in the third quarter valued at $205,000. Czech National Bank raised its stake in F5 by 6.3% during the third quarter. Czech National Bank now owns 11,873 shares of the network technology company’s stock worth $2,614,000 after acquiring an additional 704 shares in the last quarter. Mattson Financial Services LLC bought a new position in shares of F5 during the second quarter valued at $305,000. Finally, Brown Financial Advisors acquired a new stake in shares of F5 in the 2nd quarter valued at $66,000. Institutional investors own 90.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on FFIV shares. Needham & Company LLC boosted their target price on F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted their price objective on shares of F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Evercore ISI raised their target price on F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a report on Tuesday, July 30th. Royal Bank of Canada upped their price target on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Finally, StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, F5 has an average rating of “Hold” and a consensus target price of $204.56.

Read Our Latest Report on FFIV

F5 Company Profile

(Get Free Report)

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.

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