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 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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