F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer Sells 500 Shares

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the sale, the chief financial officer now directly owns 31,790 shares in the company, valued at approximately $6,012,124.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

F5 Trading Down 0.3 %

NASDAQ FFIV traded down $0.50 during trading hours on Friday, reaching $190.57. 240,026 shares of the company traded hands, compared to its average volume of 464,223. F5, Inc. has a 12 month low of $127.05 and a 12 month high of $199.49. The stock has a market capitalization of $11.21 billion, a PE ratio of 24.77, a PEG ratio of 2.79 and a beta of 1.10. The company has a 50 day moving average of $185.48 and a two-hundred day moving average of $171.39.

F5 (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $3.04 by $0.39. The business had revenue of $693.00 million during the quarter, compared to the consensus estimate of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.65 EPS. On average, equities research analysts anticipate that F5, Inc. will post 9.58 earnings per share for the current year.

Hedge Funds Weigh In On F5

Several institutional investors have recently made changes to their positions in FFIV. MetLife Investment Management LLC grew its holdings in shares of F5 by 23.9% during the first quarter. MetLife Investment Management LLC now owns 16,515 shares of the network technology company’s stock valued at $3,451,000 after purchasing an additional 3,190 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in F5 by 140.0% in the 1st quarter. Panagora Asset Management Inc. now owns 4,503 shares of the network technology company’s stock worth $941,000 after buying an additional 2,627 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in F5 by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 394,157 shares of the network technology company’s stock worth $82,367,000 after buying an additional 5,214 shares in the last quarter. Sei Investments Co. grew its holdings in F5 by 16.2% in the 1st quarter. Sei Investments Co. now owns 67,717 shares of the network technology company’s stock worth $14,067,000 after buying an additional 9,454 shares in the last quarter. Finally, Prudential PLC bought a new position in F5 in the 1st quarter worth approximately $327,000. 89.89% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on FFIV shares. The Goldman Sachs Group upped their price objective on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of F5 in a research report on Tuesday, February 13th. Barclays increased their price objective on shares of F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. KeyCorp increased their price objective on shares of F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $204.00 price objective on shares of F5 in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $185.00.

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.