F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer Sells 500 Shares

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $170.00, for a total transaction of $85,000.00. Following the transaction, the chief financial officer now owns 31,608 shares of the company’s stock, valued at approximately $5,373,360. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

F5 Trading Down 0.5 %

Shares of FFIV opened at $168.68 on Tuesday. F5, Inc. has a twelve month low of $142.16 and a twelve month high of $199.49. The company has a market cap of $9.89 billion, a P/E ratio of 20.20, a P/E/G ratio of 2.25 and a beta of 1.09. The company’s fifty day simple moving average is $171.59 and its 200-day simple moving average is $179.54.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.88 by $0.03. F5 had a net margin of 17.91% and a return on equity of 21.41%. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $685.47 million. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. Analysts predict that F5, Inc. will post 9.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

FFIV has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Royal Bank of Canada dropped their target price on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 30th. Piper Sandler reaffirmed a “neutral” rating and set a $167.00 price target (down previously from $187.00) on shares of F5 in a research note on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of F5 in a research note on Tuesday, April 30th. Finally, Barclays decreased their price target on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, F5 currently has a consensus rating of “Hold” and a consensus price target of $185.10.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FFIV. Atlantic Edge Private Wealth Management LLC purchased a new position in F5 in the 4th quarter worth about $25,000. New Covenant Trust Company N.A. purchased a new position in F5 in the 1st quarter worth about $27,000. Pacific Capital Wealth Advisors Inc. purchased a new position in F5 in the 4th quarter worth about $34,000. Washington Trust Advisors Inc. purchased a new position in F5 in the 4th quarter worth about $36,000. Finally, Register Financial Advisors LLC purchased a new position in F5 in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.