Insider Selling: F5 Networks Director Unloads 1,000 Shares of Stock (FFIV)
F5 Networks (NASDAQ:FFIV) Director Alan Higginson sold 1,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $109.37, for a total transaction of $109,370.00. Following the completion of the transaction, the director now directly owns 27,466 shares of the company’s stock, valued at approximately $3,003,956. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on FFIV shares. Analysts at Barclays reiterated an “overweight” rating on shares of F5 Networks in a research note on Thursday, April 24th. They now have a $123.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of F5 Networks in a research note on Thursday, April 24th. They now have a $113.00 price target on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of F5 Networks in a research note on Thursday, April 24th. They now have a $130.00 price target on the stock, down previously from $135.00. Twelve research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $117.52.
Shares of F5 Networks (NASDAQ:FFIV) traded down 0.79% during mid-day trading on Wednesday, hitting $109.20. The stock had a trading volume of 809,706 shares. F5 Networks has a 52 week low of $67.53 and a 52 week high of $116.71. The stock’s 50-day moving average is $106.0 and its 200-day moving average is $101.1. The company has a market cap of $8.269 billion and a price-to-earnings ratio of 30.48.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.25 by $0.02. The company had revenue of $420.00 million for the quarter, compared to the consensus estimate of $414.26 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 19.9% on a year-over-year basis. On average, analysts predict that F5 Networks will post $5.29 earnings per share for the current fiscal year.
F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (NASDAQ:FFIV).
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