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 stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $217.50, for a total transaction of $130,500.00. Following the completion of the transaction, the chief financial officer now owns 30,425 shares in the company, valued at $6,617,437.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

F5 Trading Down 1.8 %

Shares of FFIV opened at $219.65 on Thursday. The firm has a market cap of $12.80 billion, a PE ratio of 26.31, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company’s 50 day simple moving average is $197.07 and its 200-day simple moving average is $184.11. F5, Inc. has a 12-month low of $145.45 and a 12-month high of $223.74.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share 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 firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. During the same period last year, the company earned $2.46 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities research analysts forecast that F5, Inc. will post 10.18 EPS for the current fiscal year.

Institutional Investors Weigh In On F5

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of F5 by 0.4% during the first quarter. Vanguard Group Inc. now owns 7,465,022 shares of the network technology company’s stock worth $1,415,294,000 after purchasing an additional 29,154 shares during the period. American Century Companies Inc. lifted its holdings in shares of F5 by 10.5% during the second 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 period. Lyrical Asset Management LP lifted its holdings in shares of F5 by 38.3% during the fourth quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock worth $204,986,000 after purchasing an additional 317,263 shares during the period. First Trust Advisors LP lifted its holdings in shares of F5 by 0.5% during the fourth quarter. First Trust Advisors LP now owns 1,122,995 shares of the network technology company’s stock worth $200,994,000 after purchasing an additional 6,010 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of F5 by 6,700.2% during the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock worth $146,118,000 after purchasing an additional 835,912 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Needham & Company LLC increased their price target on shares of F5 from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Tuesday, July 30th. Royal Bank of Canada increased their price target on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. Barclays increased their price target on shares of 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 increased their price target on shares of F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, StockNews.com lowered shares of F5 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $204.56.

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.