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F5 Networks (NASDAQ:FFIV) Director Alan Higginson unloaded 1,156 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $121.45, for a total value of $140,396.20. Following the completion of the transaction, the director now directly owns 26,310 shares of the company’s stock, valued at approximately $3,195,350. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of F5 Networks (NASDAQ:FFIV) traded down 0.39% during mid-day trading on Thursday, hitting $122.09. 912,920 shares of the company’s stock traded hands. F5 Networks has a 52 week low of $78.14 and a 52 week high of $123.25. The stock has a 50-day moving average of $112.9 and a 200-day moving average of $109.7. The company has a market cap of $9.045 billion and a price-to-earnings ratio of 32.25.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.04. The company had revenue of $440.30 million for the quarter, compared to the consensus estimate of $435.00 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The company’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts expect that F5 Networks will post $5.35 EPS for the current fiscal year.

FFIV has been the subject of a number of recent research reports. Analysts at ISI Group upgraded shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. They now have a $7.00 price target on the stock, down previously from $135.00. Separately, analysts at Zacks upgraded shares of F5 Networks from a “neutral” rating to an “outperform” rating in a research note on Tuesday, July 29th. They now have a $115.90 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of F5 Networks in a research note on Thursday, July 24th. They now have a $112.00 price target on the stock, up previously from $110.00. Fourteen analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $117.53.

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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