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

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $178.81, for a total transaction of $89,405.00. Following the completion of the sale, the chief financial officer now directly owns 31,290 shares in the company, valued at $5,594,964.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

F5 Stock Down 0.3 %

FFIV opened at $181.85 on Friday. The firm has a market capitalization of $10.69 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.65 and a beta of 1.11. The firm’s 50 day moving average is $187.67 and its 200-day moving average is $176.08. F5, Inc. has a 52-week low of $129.93 and a 52-week high of $199.49.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $0.39. The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.65 earnings per share. Equities analysts expect that F5, Inc. will post 9.59 earnings per share for the current fiscal year.

Institutional Trading of F5

A number of hedge funds have recently made changes to their positions in FFIV. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of F5 during the fourth quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in shares of F5 during the fourth quarter worth approximately $34,000. Washington Trust Advisors Inc. acquired a new stake in shares of F5 during the fourth quarter worth approximately $36,000. Register Financial Advisors LLC acquired a new stake in shares of F5 during the first quarter worth approximately $38,000. Finally, Addison Advisors LLC grew its position in shares of F5 by 36.1% during the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock worth $45,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. The Goldman Sachs Group raised their target price on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. KeyCorp raised their target price 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. Royal Bank of Canada reissued a “sector perform” rating and issued a $204.00 target price on shares of F5 in a research report on Friday, February 9th. Finally, Barclays raised their price target on shares of F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, F5 has a consensus rating of “Hold” and an average price target of $192.22.

About F5

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.