F5 (NASDAQ:FFIV) Insider John Anthony Maddison Sells 619 Shares of Company Stock

F5, Inc. (NASDAQ:FFIV) insider John Maddison sold 619 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $324.06, for a total transaction of $200,593.14. Following the sale, the insider directly owned 1,566 shares of the company’s stock, valued at approximately $507,477.96. This represents a 28.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Anthony Maddison also recently made the following trade(s):

• On Monday, September 14th, John Maddison sold 204 shares of F5 stock. The shares were sold at an average price of $406.24, for a total value of $82,872.96.

F5 Price Performance

Shares of NASDAQ:FFIV traded down $17.98 on Thursday, reaching $311.74. 1,380,704 shares of the company traded hands, compared to its average volume of 751,325. The stock has a market capitalization of $17.65 billion, a PE ratio of 24.88, a P/E/G ratio of 2.94 and a beta of 1.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.73 and a quick ratio of 1.59. The company’s 50 day moving average is $425.41 and its 200-day moving average is $363.56. F5, Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $483.30.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Tuesday, October 27th. The network technology company reported $4.42 earnings per share for the quarter, topping analysts’ consensus estimates of $4.26 by $0.16. The firm had revenue of $917.43 million for the quarter, compared to analysts’ expectations of $884.03 million. F5 had a return on equity of 21.00% and a net margin of 21.14%. F5’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $4.39 EPS. As a group, analysts anticipate that F5, Inc. will post 14.19 earnings per share for the current fiscal year.

F5 declared that its board has authorized a stock buyback plan on Tuesday, October 27th that authorizes the company to buy back $1.50 billion in outstanding shares. This repurchase authorization authorizes the network technology company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Institutional Trading of F5

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System raised its stake in F5 by 14.0% during the 3rd quarter. Maryland State Retirement & Pension System now owns 3,616 shares of the network technology company’s stock valued at $1,610,000 after purchasing an additional 443 shares during the last quarter. Ritholtz Wealth Management boosted its holdings in F5 by 41.8% in the 3rd quarter. Ritholtz Wealth Management now owns 3,735 shares of the network technology company’s stock valued at $1,663,000 after purchasing an additional 1,101 shares during the period. Jacobi Capital Management LLC acquired a new stake in F5 in the 3rd quarter worth $53,000. Machina Capital S.A.S. grew its position in F5 by 58.9% in the 3rd quarter. Machina Capital S.A.S. now owns 5,216 shares of the network technology company’s stock worth $2,322,000 after purchasing an additional 1,933 shares during the last quarter. Finally, Lido Advisors LLC grew its position in F5 by 15.7% in the 3rd quarter. Lido Advisors LLC now owns 6,736 shares of the network technology company’s stock worth $2,999,000 after purchasing an additional 914 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Key F5 News

Here are the key news stories impacting F5 this week:

• Negative Sentiment: Seven insiders, including F5’s CFO, CTOs and EVPs, sold shares in transactions dated November 3–4. The sales totaled about $7.2 million; several executives reduced their individual holdings substantially. The cluster of sales may weigh on sentiment, although the pre-arranged plans temper the signal. See the SEC filings: Read More., Read More., Read More., Read More., Read More., Read More. and Read More..

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on FFIV shares. Weiss Ratings lowered F5 from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Piper Sandler lowered shares of F5 from an “overweight” rating to a “neutral” rating and set a $461.00 price objective on the stock. in a research report on Wednesday, October 28th. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research note on Tuesday, July 28th. Wall Street Zen raised shares of F5 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Finally, Morgan Stanley raised their price target on shares of F5 from $415.00 to $448.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, F5 has an average rating of “Hold” and an average price target of $443.00.

About F5

F5, Inc (NASDAQ: FFIV) provides application delivery, security and traffic management solutions for enterprises, service providers and public-sector organizations. Its offerings are designed to help customers secure, optimize and manage applications and application programming interfaces (APIs) across data centers, private and public clouds, and edge environments.

The company’s portfolio includes BIG-IP software and appliances, NGINX application delivery and web server technologies, and F5 Distributed Cloud services.