Insider Selling: F5, Inc. (NASDAQ:FFIV) CEO Sells 1,450 Shares of Stock

F5, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $168.11, for a total transaction of $243,759.50. Following the completion of the sale, the chief executive officer now directly owns 124,362 shares of the company’s stock, valued at approximately $20,906,495.82. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Wednesday, April 3rd, Francois Locoh-Donou sold 1,450 shares of F5 stock. The stock was sold at an average price of $188.85, for a total value of $273,832.50.
• On Friday, March 1st, Francois Locoh-Donou sold 6,400 shares of F5 stock. The stock was sold at an average price of $188.02, for a total value of $1,203,328.00.

F5 Price Performance

Shares of F5 stock opened at $171.76 on Thursday. F5, Inc. has a 1-year low of $133.91 and a 1-year high of $199.49. The business’s fifty day moving average price is $185.25 and its two-hundred day moving average price is $177.35. The company has a market capitalization of $10.10 billion, a P/E ratio of 20.57, a PEG ratio of 2.21 and a beta of 1.14.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. The business had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. The company’s revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.70 earnings per share. On average, research analysts expect that F5, Inc. will post 9.62 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group raised their price objective on F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of F5 in a report on Tuesday, April 30th. KeyCorp increased their price objective on shares of F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research note on Thursday, January 18th. JPMorgan Chase & Co. lifted their target price on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Royal Bank of Canada cut their price target on F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $185.10.

Institutional Trading of F5

A number of institutional investors have recently made changes to their positions in the stock. Commerce Bank increased its stake in shares of F5 by 3.1% during the fourth quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock valued at $342,000 after acquiring an additional 57 shares during the period. Optimum Investment Advisors increased its position in shares of F5 by 5.5% during the 4th quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock valued at $206,000 after purchasing an additional 60 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in shares of F5 by 15.9% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 518 shares of the network technology company’s stock worth $83,000 after buying an additional 71 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of F5 by 36.1% in the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after buying an additional 74 shares during the period. Finally, Empirical Finance LLC boosted its stake in F5 by 3.6% during the first quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock valued at $409,000 after buying an additional 74 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

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.