Insider Selling: F5, Inc. (NASDAQ:FFIV) EVP Sells $42,844.72 in Stock

F5, Inc. (NASDAQ:FFIV – Get Rating) EVP Chad Michael Whalen sold 254 shares of the firm’s stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $168.68, for a total transaction of $42,844.72. Following the completion of the sale, the executive vice president now owns 8,677 shares in the company, valued at $1,463,636.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Wednesday, February 23rd, Chad Michael Whalen sold 251 shares of F5 stock. The stock was sold at an average price of $198.46, for a total transaction of $49,813.46.
• On Wednesday, February 16th, Chad Michael Whalen sold 252 shares of F5 stock. The stock was sold at an average price of $200.27, for a total transaction of $50,468.04.

Shares of FFIV stock opened at $168.57 on Friday. F5, Inc. has a 12-month low of $160.29 and a 12-month high of $249.00. The company has a market capitalization of $10.19 billion, a P/E ratio of 29.63, a P/E/G ratio of 4.77 and a beta of 1.18. The firm has a 50-day moving average price of $195.38 and a 200 day moving average price of $212.41.

F5 (NASDAQ:FFIV – Get Rating) last announced its earnings results on Tuesday, April 26th. The network technology company reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.14. F5 had a net margin of 13.19% and a return on equity of 19.98%. The company had revenue of $634.22 million during the quarter, compared to the consensus estimate of $634.20 million. During the same period in the previous year, the firm posted $1.70 earnings per share. The company’s revenue was down 1.7% on a year-over-year basis. As a group, equities research analysts predict that F5, Inc. will post 6.22 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in FFIV. Amundi Pioneer Asset Management Inc. raised its stake in shares of F5 by 14.2% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 86,404 shares of the network technology company’s stock worth $13,558,000 after acquiring an additional 10,716 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new position in shares of F5 in the third quarter worth about $373,000. Raymond James Financial Services Advisors Inc. raised its stake in shares of F5 by 28.3% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 7,033 shares of the network technology company’s stock worth $1,398,000 after acquiring an additional 1,553 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of F5 by 1.7% in the third quarter. PNC Financial Services Group Inc. now owns 4,334 shares of the network technology company’s stock worth $862,000 after acquiring an additional 72 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of F5 by 13.4% in the third quarter. Advisory Services Network LLC now owns 1,209 shares of the network technology company’s stock worth $240,000 after acquiring an additional 143 shares during the last quarter. 91.13% of the stock is owned by institutional investors.

A number of research firms have recently commented on FFIV. Morgan Stanley downgraded shares of F5 from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $280.00 to $250.00 in a report on Tuesday, April 12th. Loop Capital reduced their price objective on shares of F5 from $273.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday, April 27th. Credit Suisse Group reduced their price objective on shares of F5 from $270.00 to $225.00 and set an “outperform” rating for the company in a report on Wednesday, April 27th. JPMorgan Chase & Co. raised their price objective on shares of F5 from $245.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, January 20th. Finally, KeyCorp began coverage on shares of F5 in a report on Tuesday, January 18th. They set an “overweight” rating and a $307.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $228.15.

About F5 (Get Rating)

F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

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