Insider Selling: F5, Inc. (NASDAQ:FFIV) CEO Sells $243,759.50 in Stock

F5, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $168.11, for a total transaction of $243,759.50. Following the completion of the transaction, the chief executive officer now owns 124,362 shares of the company’s stock, valued at $20,906,495.82. The sale was disclosed in a document filed with the SEC, which is available through this link.

Francois Locoh-Donou also recently made the following trade(s):

• On Wednesday, April 3rd, Francois Locoh-Donou sold 1,450 shares of F5 stock. The stock was sold at an average price of $188.85, for a total transaction of $273,832.50.
• On Friday, March 1st, Francois Locoh-Donou sold 6,400 shares of F5 stock. The stock was sold at an average price of $188.02, for a total value of $1,203,328.00.

F5 Stock Down 0.4 %

Shares of NASDAQ FFIV opened at $171.04 on Friday. The firm’s 50-day moving average price is $184.92 and its 200-day moving average price is $177.31. The company has a market cap of $10.02 billion, a PE ratio of 20.48, a PEG ratio of 2.21 and a beta of 1.14. F5, Inc. has a 52-week low of $133.91 and a 52-week high of $199.49.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 EPS. As a group, equities research analysts anticipate that F5, Inc. will post 9.62 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on FFIV. Evercore ISI reduced their price objective on shares of F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a research note on Tuesday, April 30th. Needham & Company LLC restated a “buy” rating and set a $220.00 price objective on shares of F5 in a research note on Tuesday, April 30th. Royal Bank of Canada reduced their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 30th. Barclays reduced their price objective on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 30th. Finally, KeyCorp raised their price objective on shares of F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research note on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, F5 has a consensus rating of “Hold” and a consensus price target of $185.10.

Hedge Funds Weigh In On F5

A number of institutional investors and hedge funds have recently made changes to their positions in FFIV. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of F5 in the fourth quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of F5 in the fourth quarter worth approximately $34,000. Washington Trust Advisors Inc. purchased a new position in shares of F5 in the fourth quarter worth approximately $36,000. Register Financial Advisors LLC purchased a new position in shares of F5 in the first quarter worth approximately $38,000. Finally, Addison Advisors LLC boosted its holdings in shares of F5 by 36.1% in 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 during the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.