F5, Inc. (NASDAQ:FFIV) EVP Sells $142,568.03 in Stock

F5, Inc. (NASDAQ:FFIV) EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the sale, the executive vice president now directly owns 15,504 shares in the company, valued at $2,597,385.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Thomas Dean Fountain also recently made the following trade(s):

• On Thursday, February 8th, Thomas Dean Fountain sold 851 shares of F5 stock. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06.

F5 Stock Performance

F5 stock opened at $166.07 on Friday. The company has a 50-day simple moving average of $187.01 and a 200-day simple moving average of $176.75. The firm has a market capitalization of $9.77 billion, a P/E ratio of 19.89, a P/E/G ratio of 2.22 and a beta of 1.14. F5, Inc. has a one year low of $130.34 and a one year high of $199.49.

F5 (NASDAQ:FFIV) last issued 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 during the quarter, compared to analyst estimates of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. As a group, sell-side analysts forecast that F5, Inc. will post 9.59 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and issued a $220.00 target price on shares of F5 in a research report on Tuesday. Piper Sandler reiterated a “neutral” rating and issued a $167.00 target price (down from $187.00) on shares of F5 in a research note on Tuesday. Evercore ISI lowered their price target on shares of F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada lowered their target price on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $185.10.

Hedge Funds Weigh In On F5

Institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of F5 by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,435,868 shares of the network technology company’s stock valued at $1,330,872,000 after acquiring an additional 131,341 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in F5 by 13.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock valued at $292,001,000 after purchasing an additional 212,784 shares in the last quarter. Lyrical Asset Management LP raised its position in F5 by 38.3% in the 4th quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock valued at $204,986,000 after purchasing an additional 317,263 shares during the last quarter. First Trust Advisors LP boosted its stake in F5 by 0.5% in the fourth quarter. First Trust Advisors LP now owns 1,122,995 shares of the network technology company’s stock worth $200,994,000 after purchasing an additional 6,010 shares in the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in F5 by 6.4% in the third quarter. Westfield Capital Management Co. LP now owns 748,118 shares of the network technology company’s stock worth $120,552,000 after purchasing an additional 44,758 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

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.