Insider Selling: F5, Inc. (NASDAQ:FFIV) Director Sells 1,000 Shares of Stock
F5, Inc. (NASDAQ:FFIV – Get Rating) Director Alan Higginson sold 1,000 shares of the stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $164.73, for a total value of $164,730.00. Following the completion of the transaction, the director now directly owns 11,665 shares of the company’s stock, valued at approximately $1,921,575.45. The sale was disclosed in a filing with the SEC, which is accessible through this link.
NASDAQ FFIV traded down $2.88 on Friday, hitting $165.39. The stock had a trading volume of 2,806 shares, compared to its average volume of 552,383. The business’s fifty day moving average price is $184.77 and its 200 day moving average price is $206.63. F5, Inc. has a 52-week low of $151.66 and a 52-week high of $249.00. The stock has a market cap of $10.00 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 4.70 and a beta of 1.18.
F5 (NASDAQ:FFIV – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The network technology company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.16 by $0.14. F5 had a net margin of 13.19% and a return on equity of 19.98%. The company had revenue of $634.22 million for the quarter, compared to analyst estimates of $634.20 million. During the same period in the prior year, the company earned $1.70 earnings per share. The firm’s revenue was down 1.7% on a year-over-year basis. On average, analysts predict that F5, Inc. will post 6.22 EPS for the current fiscal year.
Several analysts have commented on the company. StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 6th. Credit Suisse Group decreased their target price on F5 from $270.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, April 27th. Morgan Stanley lowered F5 from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $280.00 to $250.00 in a research report on Tuesday, April 12th. TheStreet lowered F5 from a “b” rating to a “c+” rating in a research report on Tuesday, May 17th. Finally, Piper Sandler cut their price objective on F5 from $227.00 to $197.00 and set an “overweight” rating for the company in a research report on Wednesday, April 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $232.09.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in F5 by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,830,286 shares of the network technology company’s stock valued at $1,427,188,000 after purchasing an additional 96,873 shares during the last quarter. Wellington Management Group LLP boosted its holdings in F5 by 6.8% in the first quarter. Wellington Management Group LLP now owns 6,574,937 shares of the network technology company’s stock valued at $1,373,834,000 after purchasing an additional 416,388 shares during the last quarter. BlackRock Inc. boosted its holdings in F5 by 10.4% in the first quarter. BlackRock Inc. now owns 5,469,881 shares of the network technology company’s stock valued at $1,142,932,000 after purchasing an additional 517,198 shares during the last quarter. American Century Companies Inc. raised its position in shares of F5 by 14.5% in the first quarter. American Century Companies Inc. now owns 1,875,830 shares of the network technology company’s stock worth $391,955,000 after acquiring an additional 237,116 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of F5 by 1,216.0% in the first quarter. JPMorgan Chase & Co. now owns 1,138,867 shares of the network technology company’s stock worth $237,964,000 after acquiring an additional 1,052,330 shares during the period. 91.13% of the stock is currently owned by institutional investors.
F5 Company Profile (Get Rating)
F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company’s multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.
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