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F5 Networks (NASDAQ:FFIV) CEO John Mcadam unloaded 16,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $90.00, for a total value of $1,440,000.00. Following the transaction, the chief executive officer now directly owns 86,751 shares in the company, valued at approximately $7,807,590. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

F5 Networks (NASDAQ:FFIV) traded down 2.26% during mid-day trading on Thursday, hitting $88.8107. The stock had a trading volume of 829,080 shares. F5 Networks has a 1-year low of $67.53 and a 1-year high of $107.99. The stock’s 50-day moving average is $84.43 and its 200-day moving average is $84.09. The company has a market cap of $6.892 billion and a price-to-earnings ratio of 25.96.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.26 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.19 by $0.07. The company had revenue of $395.30 million for the quarter, compared to the consensus estimate of $384.64 million. During the same quarter last year, the company posted $1.12 earnings per share. F5 Networks’s revenue was up 9.0% compared to the same quarter last year.

Several analysts have recently commented on the stock. Analysts at Citigroup Inc. initiated coverage on shares of F5 Networks in a research note to investors on Tuesday, December 10th. They set a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of F5 Networks from an “underperform” rating to a “neutral” rating in a research note to investors on Friday, November 22nd. They now have a $83.90 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of F5 Networks from $92.00 to $94.00 in a research note to investors on Thursday, October 24th. They now have an “outperform” rating on the stock. Fifteen research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. F5 Networks currently has an average rating of “Buy” and a consensus price target of $106.05.

F5 Networks, Inc is a provider of Application Delivery Networking (NASDAQ:FFIV) technology that secures and optimizes the delivery of network-based applications and the security, performance and availability of servers, and other network resources.

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