F5, Inc. (NASDAQ:FFIV) EVP Sells $39,200.00 in Stock

F5, Inc. (NASDAQ:FFIV – Get Rating) EVP Chad Michael Whalen sold 280 shares of the stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $140.00, for a total value of $39,200.00. Following the completion of the transaction, the executive vice president now directly owns 14,927 shares in the company, valued at approximately $2,089,780. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chad Michael Whalen also recently made the following trade(s):

• On Wednesday, March 1st, Chad Michael Whalen sold 259 shares of F5 stock. The shares were sold at an average price of $142.12, for a total value of $36,809.08.

F5 Price Performance

Shares of FFIV opened at $142.53 on Monday. F5, Inc. has a one year low of $127.05 and a one year high of $174.38. The company has a 50-day simple moving average of $139.42 and a two-hundred day simple moving average of $143.82. The firm has a market capitalization of $8.62 billion, a PE ratio of 26.39, a price-to-earnings-growth ratio of 2.06 and a beta of 1.09.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FFIV. Addison Advisors LLC lifted its stake in shares of F5 by 234.6% during the 1st quarter. Addison Advisors LLC now owns 174 shares of the network technology company’s stock valued at $25,000 after buying an additional 122 shares in the last quarter. Assetmark Inc. purchased a new position in shares of F5 during the 3rd quarter valued at $30,000. Close Asset Management Ltd purchased a new position in shares of F5 during the 1st quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of F5 by 55.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 235 shares of the network technology company’s stock valued at $34,000 after buying an additional 84 shares in the last quarter. Finally, Ronald Blue Trust Inc. purchased a new position in shares of F5 during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 93.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Morgan Stanley reduced their price objective on F5 from $175.00 to $165.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 20th. KeyCorp reduced their price objective on F5 from $182.00 to $179.00 and set an “overweight” rating on the stock in a research note on Thursday, April 20th. Guggenheim assumed coverage on F5 in a research note on Monday, January 23rd. They set a “neutral” rating on the stock. Cowen reduced their price objective on F5 from $187.00 to $177.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Finally, StockNews.com started coverage on F5 in a research note on Thursday. They set a “strong-buy” rating on the stock. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $166.13.

About F5

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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.