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 firm’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $217.67, for a total transaction of $130,602.00. Following the completion of the transaction, the chief financial officer now owns 29,825 shares in the company, valued at $6,492,007.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

F5 Stock Performance

F5 stock opened at $215.41 on Thursday. The company has a 50-day simple moving average of $210.02 and a 200-day simple moving average of $187.94. The firm has a market capitalization of $12.63 billion, a P/E ratio of 25.80, a P/E/G ratio of 2.61 and a beta of 1.06. F5, Inc. has a one year low of $145.52 and a one year high of $224.47.

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

Analysts Set New Price Targets

FFIV has been the topic of a number of research reports. Evercore ISI raised their target price on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research note on Tuesday, July 30th. Piper Sandler boosted their price objective on F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Barclays increased their target price on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group boosted their price target on F5 from $185.00 to $212.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, StockNews.com downgraded shares of F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. One equities 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $204.56.

Institutional Investors Weigh In On F5

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its stake in shares of F5 by 6,700.2% in the 2nd quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock worth $146,118,000 after acquiring an additional 835,912 shares during the period. Wedge Capital Management L L P NC acquired a new position in F5 during the third quarter worth about $61,386,000. AQR Capital Management LLC lifted its holdings in F5 by 48.9% in the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after acquiring an additional 214,351 shares during the last quarter. American Century Companies Inc. grew its stake in shares of F5 by 10.5% in the 2nd quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock worth $294,392,000 after purchasing an additional 162,820 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in F5 by 49.8% during the second quarter. Hsbc Holdings PLC now owns 424,249 shares of the network technology company’s stock worth $73,046,000 after buying an additional 141,040 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors.

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.