F5 Networks EVP Karl D. Triebes Sells 4,047 Shares (FFIV)
F5 Networks (NASDAQ:FFIV) EVP Karl D. Triebes sold 4,047 shares of F5 Networks stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $120.00, for a total transaction of $485,640.00. Following the completion of the transaction, the executive vice president now directly owns 6,272 shares of the company’s stock, valued at approximately $752,640. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
F5 Networks (NASDAQ:FFIV) traded down 0.39% during mid-day trading on Thursday, hitting $122.09. The stock had a trading volume of 912,920 shares. F5 Networks has a 52 week low of $78.14 and a 52 week high of $123.25. The stock’s 50-day moving average is $112.9 and its 200-day moving average is $109.7. The company has a market cap of $9.045 billion and a P/E ratio of 32.25.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.39 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue 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 research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target 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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