F5, Inc. (NASDAQ:FFIV) CEO Sells $273,107.50 in Stock

F5, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $188.35, for a total value of $273,107.50. Following the transaction, the chief executive officer now owns 124,022 shares in the company, valued at approximately $23,359,543.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Wednesday, July 3rd, Francois Locoh-Donou sold 1,450 shares of F5 stock. The stock was sold at an average price of $171.95, for a total value of $249,327.50.
• On Monday, June 3rd, Francois Locoh-Donou sold 1,450 shares of F5 stock. The stock was sold at an average price of $169.55, for a total value of $245,847.50.

F5 Price Performance

FFIV opened at $189.35 on Friday. The business has a 50 day simple moving average of $174.90 and a 200-day simple moving average of $179.91. The stock has a market capitalization of $11.10 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.49 and a beta of 1.08. F5, Inc. has a 12 month low of $145.45 and a 12 month high of $205.92.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 EPS for the quarter, beating the consensus estimate of $2.97 by $0.39. The business had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm earned $2.46 EPS. Research analysts anticipate that F5, Inc. will post 10.03 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Piper Sandler raised their price target on F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Royal Bank of Canada increased their price objective on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 30th. Needham & Company LLC increased their price objective on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Barclays increased their price objective on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $200.89.

Hedge Funds Weigh In On F5

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in F5 by 424.1% during the first quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company’s stock worth $1,442,000 after purchasing an additional 6,153 shares during the last quarter. LSV Asset Management acquired a new position in F5 during the first quarter worth $1,479,000. ProShare Advisors LLC raised its holdings in F5 by 60.7% during the first quarter. ProShare Advisors LLC now owns 17,083 shares of the network technology company’s stock worth $3,239,000 after purchasing an additional 6,451 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in F5 by 74.3% during the fourth quarter. Allianz Asset Management GmbH now owns 73,141 shares of the network technology company’s stock worth $13,091,000 after purchasing an additional 31,181 shares during the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in F5 by 9.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,801 shares of the network technology company’s stock worth $11,061,000 after purchasing an additional 5,577 shares during the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

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.