F5 Networks Inc. (FFIV) Director Deborah L. Bevier Sells 6,229 Shares

F5 Networks Inc. (NASDAQ:FFIV) Director Deborah L. Bevier sold 6,229 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $123.60, for a total value of $769,904.40. Following the completion of the sale, the director now owns 5,412 shares in the company, valued at $668,923.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Several equities analysts have issued reports on the company. Sanford C. Bernstein reissued a “buy” rating and issued a $140.00 price target on shares of F5 Networks in a research note on Thursday, April 21st. Credit Suisse Group AG reissued a “buy” rating on shares of F5 Networks in a research note on Wednesday, June 8th. MKM Partners boosted their price target on F5 Networks from $118.00 to $133.00 and gave the company a “neutral” rating in a research note on Thursday, July 21st. BMO Capital Markets reissued a “hold” rating on shares of F5 Networks in a research note on Wednesday, April 20th. Finally, Drexel Hamilton reissued a “buy” rating and issued a $145.00 price target on shares of F5 Networks in a research note on Thursday, April 21st. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $115.10.

Shares of F5 Networks Inc. (NASDAQ:FFIV) traded down 0.78% during midday trading on Wednesday, hitting $123.09. The stock had a trading volume of 751,096 shares. F5 Networks Inc. has a 52-week low of $86.03 and a 52-week high of $135.20. The company has a market cap of $8.15 billion and a PE ratio of 24.06. The company’s 50 day moving average is $117.67 and its 200 day moving average is $104.22.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, July 20th. The network technology company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.79 by $0.02. During the same period last year, the company earned $1.67 EPS. The business earned $496.50 million during the quarter, compared to the consensus estimate of $495.48 million. The business’s revenue was up 2.7% on a year-over-year basis. On average, analysts anticipate that F5 Networks Inc. will post $7.14 earnings per share for the current year.

F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.