Chad Michael Whalen Sells 331 Shares of F5 Networks, Inc. (NASDAQ:FFIV) Stock

F5 Networks, Inc. (NASDAQ:FFIV) EVP Chad Michael Whalen sold 331 shares of F5 Networks stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $135.69, for a total value of $44,913.39. Following the completion of the transaction, the executive vice president now owns 1,628 shares of the company’s stock, valued at approximately $220,903.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, May 16th, Chad Michael Whalen sold 70 shares of F5 Networks stock. The stock was sold at an average price of $143.20, for a total value of $10,024.00.

NASDAQ:FFIV traded down $2.96 during trading hours on Monday, reaching $130.48. The company’s stock had a trading volume of 539,135 shares, compared to its average volume of 698,648. The stock has a market cap of $8.26 billion, a P/E ratio of 16.31, a P/E/G ratio of 1.98 and a beta of 1.05. F5 Networks, Inc. has a 12 month low of $130.25 and a 12 month high of $199.71. The firm has a 50 day simple moving average of $144.81.



F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 24th. The network technology company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.06). The business had revenue of $563.39 million during the quarter, compared to the consensus estimate of $556.15 million. F5 Networks had a return on equity of 36.33% and a net margin of 21.03%. The business’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the firm earned $2.44 EPS. Equities analysts predict that F5 Networks, Inc. will post 8.22 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of FFIV. Swedbank grew its holdings in F5 Networks by 11.8% in the first quarter. Swedbank now owns 892,194 shares of the network technology company’s stock worth $140,012,000 after purchasing an additional 93,984 shares during the last quarter. Investec Asset Management LTD grew its holdings in F5 Networks by 1.0% in the second quarter. Investec Asset Management LTD now owns 126,695 shares of the network technology company’s stock worth $18,451,000 after purchasing an additional 1,232 shares during the last quarter. Toronto Dominion Bank grew its holdings in F5 Networks by 15.8% in the first quarter. Toronto Dominion Bank now owns 38,847 shares of the network technology company’s stock worth $6,095,000 after purchasing an additional 5,314 shares during the last quarter. Synovus Financial Corp grew its holdings in F5 Networks by 12.9% in the first quarter. Synovus Financial Corp now owns 2,024 shares of the network technology company’s stock worth $314,000 after purchasing an additional 231 shares during the last quarter. Finally, Zions Bancorporation N.A. purchased a new position in F5 Networks in the first quarter worth $166,000. 99.31% of the stock is owned by institutional investors.

FFIV has been the subject of several recent research reports. Zacks Investment Research lowered F5 Networks from a “hold” rating to a “sell” rating and set a $162.00 price target for the company. in a research report on Monday, July 29th. ValuEngine upgraded F5 Networks from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. Morgan Stanley upgraded F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 price target for the company in a research report on Thursday. BidaskClub lowered F5 Networks from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Credit Suisse Group raised their price objective on shares of F5 Networks from $188.00 to $191.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. F5 Networks currently has an average rating of “Hold” and a consensus price target of $164.06.

F5 Networks Company Profile

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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