F5 Networks, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer Sells 600 Shares

F5 Networks, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 600 shares of the stock in a transaction that occurred on Thursday, April 15th. The shares were sold at an average price of $211.28, for a total value of $126,768.00. Following the transaction, the chief financial officer now owns 11,489 shares in the company, valued at approximately $2,427,395.92. The sale was disclosed in a document filed with the SEC, which is available through this link.

Shares of NASDAQ:FFIV traded up $0.20 during midday trading on Friday, reaching $209.77. 632,105 shares of the company’s stock were exchanged, compared to its average volume of 732,451. The firm’s 50 day simple moving average is $201.04 and its two-hundred day simple moving average is $175.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.39 and a quick ratio of 1.37. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 41.95, a P/E/G ratio of 2.33 and a beta of 1.13. F5 Networks, Inc. has a fifty-two week low of $116.79 and a fifty-two week high of $216.15.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, January 25th. The network technology company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.14. F5 Networks had a return on equity of 19.72% and a net margin of 13.08%. The firm had revenue of $625.90 million during the quarter, compared to the consensus estimate of $624.01 million. During the same period last year, the company earned $2.55 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts predict that F5 Networks, Inc. will post 7.16 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in the stock. Swedbank boosted its holdings in F5 Networks by 29.2% during the 4th quarter. Swedbank now owns 1,399,796 shares of the network technology company’s stock valued at $245,888,000 after acquiring an additional 316,694 shares during the period. Alliancebernstein L.P. boosted its holdings in F5 Networks by 24.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,103,313 shares of the network technology company’s stock valued at $194,117,000 after acquiring an additional 218,555 shares during the period. First Trust Advisors LP boosted its holdings in F5 Networks by 18.1% during the 4th quarter. First Trust Advisors LP now owns 716,359 shares of the network technology company’s stock valued at $126,036,000 after acquiring an additional 109,547 shares during the period. Norges Bank purchased a new position in F5 Networks during the 4th quarter valued at about $120,879,000. Finally, UBS Asset Management Americas Inc. boosted its holdings in F5 Networks by 14.0% during the 4th quarter. UBS Asset Management Americas Inc. now owns 510,295 shares of the network technology company’s stock valued at $89,781,000 after acquiring an additional 62,794 shares during the period. Institutional investors own 90.69% of the company’s stock.

A number of brokerages have recently issued reports on FFIV. Zacks Investment Research lowered F5 Networks from a “hold” rating to a “sell” rating and set a $206.00 target price on the stock. in a research report on Monday, February 1st. Barclays increased their target price on F5 Networks from $212.00 to $235.00 and gave the company an “overweight” rating in a research report on Thursday, January 14th. Piper Sandler increased their target price on F5 Networks from $216.00 to $223.00 in a research report on Tuesday, March 2nd. Credit Suisse Group reissued a “neutral” rating and issued a $207.00 price objective on shares of F5 Networks in a research note on Wednesday. Finally, Smith Barney Citigroup increased their price objective on F5 Networks from $165.00 to $190.00 in a research note on Friday, January 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the stock. F5 Networks presently has an average rating of “Buy” and a consensus target price of $195.78.

F5 Networks Company Profile

F5 Networks, Inc provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services 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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