F5 Networks Director Alan Higginson Sells 2,000 Shares (FFIV)
F5 Networks (NASDAQ:FFIV) Director Alan Higginson sold 2,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $125.10, for a total value of $250,200.00. Following the transaction, the director now directly owns 24,310 shares of the company’s stock, valued at approximately $3,041,181. The transaction was disclosed in a legal filing 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 ISI Group upgraded shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 19th. 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 given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $117.53.
Shares of F5 Networks (NASDAQ:FFIV) traded down 0.73% during mid-day trading on Thursday, hitting $123.00. 676,749 shares of the company’s stock traded hands. F5 Networks has a 52-week low of $78.14 and a 52-week high of $126.10. The stock has a 50-day moving average of $116.1 and a 200-day moving average of $110.7. The company has a market cap of $9.112 billion and a price-to-earnings ratio of 32.60.
F5 Networks (NASDAQ:FFIV) last released its earnings data 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. On average, analysts predict that F5 Networks will post $5.35 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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