Alan Higginson Sells 1,000 Shares of F5, Inc. (NASDAQ:FFIV) Stock

F5, Inc. (NASDAQ:FFIV – Get Rating) Director Alan Higginson sold 1,000 shares of the company’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $139.95, for a total transaction of $139,950.00. Following the transaction, the director now owns 11,937 shares in the company, valued at $1,670,583.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

F5 Stock Performance

NASDAQ FFIV opened at $142.53 on Friday. The business has a 50 day simple moving average of $139.42 and a 200 day simple moving average of $143.79. F5, Inc. has a 52-week low of $127.05 and a 52-week high of $174.38. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 26.39, a PEG ratio of 2.06 and a beta of 1.09.

F5 (NASDAQ:FFIV – Get Rating) last issued its quarterly earnings results on Wednesday, April 19th. The network technology company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.42 by $0.11. The company had revenue of $703.00 million during the quarter, compared to analysts’ expectations of $699.18 million. F5 had a net margin of 11.74% and a return on equity of 16.56%. The business’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business earned $1.30 EPS. On average, analysts predict that F5, Inc. will post 7.79 EPS for the current year.

Hedge Funds Weigh In On F5

Hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in shares of F5 by 1.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 402,137 shares of the network technology company’s stock worth $58,205,000 after acquiring an additional 6,354 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in shares of F5 by 2.3% in the third quarter. Ensign Peak Advisors Inc now owns 55,426 shares of the network technology company’s stock valued at $8,022,000 after buying an additional 1,230 shares in the last quarter. Barclays PLC grew its stake in shares of F5 by 26.6% in the third quarter. Barclays PLC now owns 252,056 shares of the network technology company’s stock valued at $36,478,000 after buying an additional 52,969 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of F5 by 5.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 4,239 shares of the network technology company’s stock valued at $608,000 after buying an additional 222 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of F5 by 3.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 33,658 shares of the network technology company’s stock valued at $4,830,000 after buying an additional 1,176 shares in the last quarter. 93.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FFIV has been the topic of a number of research reports. Barclays downgraded shares of F5 from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $166.00 to $140.00 in a research report on Thursday, April 20th. Piper Sandler cut their target price on shares of F5 from $156.00 to $143.00 and set a “neutral” rating on the stock in a research report on Thursday, April 20th. Morgan Stanley cut their target price on shares of F5 from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 20th. Credit Suisse Group cut their price target on shares of F5 from $166.00 to $155.00 and set a “neutral” rating on the stock in a research report on Thursday, April 20th. Finally, StockNews.com began coverage on shares of F5 in a research report on Thursday. They issued a “strong-buy” rating on the stock. Ten investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, F5 presently has an average rating of “Hold” and an average price target of $166.13.

F5 Company Profile

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F5, Inc engages development and provision of software defined application services. It offers the development, marketing and sale of application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company was founded on February 26, 1996, and is headquartered in Seattle, WA.