Francis J. Pelzer Sells 600 Shares of F5, Inc. (NASDAQ:FFIV) Stock

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $217.50, for a total transaction of $130,500.00. Following the sale, the chief financial officer now directly owns 30,425 shares of the company’s stock, valued at $6,617,437.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

F5 Stock Up 0.8 %

NASDAQ:FFIV opened at $221.34 on Friday. F5, Inc. has a 52 week low of $145.45 and a 52 week high of $223.74. The company has a market cap of $12.90 billion, a PE ratio of 26.51, a P/E/G ratio of 2.77 and a beta of 1.06. The business’s 50 day moving average is $197.96 and its two-hundred day moving average is $184.37.

F5 (NASDAQ:FFIV) last released its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.39. F5 had a net margin of 19.94% and a return on equity of 21.03%. The firm had revenue of $695.50 million during the quarter, compared to analyst estimates of $686.06 million. During the same quarter in the previous year, the firm earned $2.46 earnings per share. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, sell-side analysts expect that F5, Inc. will post 10.18 EPS for the current fiscal year.

Hedge Funds Weigh In On F5

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Commerce Bank lifted its holdings in shares of F5 by 3.1% in the 4th quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock worth $342,000 after purchasing an additional 57 shares during the last quarter. Simon Quick Advisors LLC boosted its stake in F5 by 4.9% during the 2nd quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock valued at $233,000 after purchasing an additional 63 shares during the period. Tocqueville Asset Management L.P. grew its position in F5 by 0.6% in the 1st quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock worth $2,186,000 after purchasing an additional 64 shares during the last quarter. Profund Advisors LLC raised its holdings in shares of F5 by 6.3% during the second quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company’s stock valued at $204,000 after buying an additional 70 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in F5 by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock worth $4,862,000 after buying an additional 73 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on FFIV shares. StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 10th. The Goldman Sachs Group boosted their target price on shares of F5 from $185.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday. Royal Bank of Canada raised their price target on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Finally, Piper Sandler raised their target price on F5 from $167.00 to $186.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $204.56.

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.