F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer Sells 500 Shares
F5, Inc. (NASDAQ:FFIV – Get Free Report) CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $178.75, for a total value of $89,375.00. Following the completion of the sale, the chief financial officer now directly owns 32,008 shares in the company, valued at approximately $5,721,430. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
F5 Stock Up 0.1 %
NASDAQ:FFIV traded up $0.18 during trading hours on Thursday, reaching $177.05. The company had a trading volume of 147,592 shares, compared to its average volume of 540,426. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 3.56 and a beta of 1.05. F5, Inc. has a twelve month low of $127.05 and a twelve month high of $180.35. The business’s 50-day simple moving average is $162.17 and its two-hundred day simple moving average is $157.18.
F5 (NASDAQ:FFIV – Get Free Report) last released its earnings results on Tuesday, October 24th. The network technology company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.21 by $0.29. F5 had a return on equity of 19.14% and a net margin of 14.04%. The company had revenue of $707.00 million for the quarter, compared to analysts’ expectations of $701.44 million. During the same period in the previous year, the business posted $1.82 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that F5, Inc. will post 9.21 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of FFIV. Vinva Investment Management Ltd bought a new position in shares of F5 in the first quarter worth $257,000. State of Michigan Retirement System increased its position in shares of F5 by 3.1% during the second quarter. State of Michigan Retirement System now owns 19,688 shares of the network technology company’s stock valued at $2,880,000 after buying an additional 600 shares during the period. Shell Asset Management Co. lifted its holdings in shares of F5 by 16.2% in the second quarter. Shell Asset Management Co. now owns 18,670 shares of the network technology company’s stock worth $2,731,000 after buying an additional 2,602 shares in the last quarter. AE Wealth Management LLC boosted its position in shares of F5 by 12.2% in the second quarter. AE Wealth Management LLC now owns 28,201 shares of the network technology company’s stock valued at $4,125,000 after acquiring an additional 3,065 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its stake in F5 by 4.4% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 8,355 shares of the network technology company’s stock worth $1,346,000 after purchasing an additional 349 shares in the last quarter. 89.89% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
FFIV has been the subject of a number of research analyst reports. Needham & Company LLC cut their price objective on shares of F5 from $180.00 to $175.00 and set a “buy” rating for the company in a research report on Wednesday, October 25th. Bank of America downgraded shares of F5 from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $165.00 to $160.00 in a research note on Thursday, October 26th. Royal Bank of Canada decreased their price target on shares of F5 from $173.00 to $160.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 25th. KeyCorp dropped their price target on F5 from $193.00 to $186.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 25th. Finally, StockNews.com initiated coverage on F5 in a report on Thursday, October 5th. They set a “strong-buy” rating for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, F5 presently has an average rating of “Hold” and a consensus price target of $167.55.
View Our Latest Analysis on F5
F5 Company Profile (Get Free Report)
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.
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Original: MarketBeat News Feed: F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer Sells 500 Shares