F5 Networks, Inc. (FFIV) Director Sells $1,301,700.00 in Stock
F5 Networks, Inc. (NASDAQ:FFIV) Director John Mcadam sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $130.17, for a total transaction of $1,301,700.00. Following the transaction, the director now owns 66,953 shares of the company’s stock, valued at $8,715,272.01. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded down 0.60% on Friday, reaching $129.16. 896,179 shares of the company’s stock were exchanged. The company has a market capitalization of $8.28 billion, a P/E ratio of 22.04 and a beta of 1.33. F5 Networks, Inc. has a 12 month low of $103.23 and a 12 month high of $149.50. The firm’s 50 day moving average price is $136.45 and its 200-day moving average price is $140.06.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, April 26th. The network technology company reported $1.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by $0.06. The company had revenue of $518.20 million for the quarter, compared to the consensus estimate of $523.12 million. F5 Networks had a return on equity of 32.62% and a net margin of 18.32%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 EPS. On average, equities analysts anticipate that F5 Networks, Inc. will post $8.20 EPS for the current year.
A number of equities research analysts have recently commented on FFIV shares. Oppenheimer Holdings Inc. set a $157.00 price target on shares of F5 Networks and gave the stock a “buy” rating in a report on Saturday, April 8th. Royal Bank of Canada lowered their price target on shares of F5 Networks from $137.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, April 27th. Cowen and Company reiterated an “outperform” rating and set a $145.00 price target (down from $149.00) on shares of F5 Networks in a report on Friday, April 28th. Drexel Hamilton reiterated a “buy” rating and set a $165.00 price target on shares of F5 Networks in a report on Monday, April 24th. Finally, Barclays PLC reiterated a “sell” rating and set a $124.00 price target on shares of F5 Networks in a report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have given a buy rating to the company’s stock. F5 Networks presently has a consensus rating of “Hold” and an average price target of $135.44.
A number of large investors have recently made changes to their positions in FFIV. Polianta Ltd bought a new stake in shares of F5 Networks during the fourth quarter worth about $1,085,000. Putnam Investments LLC bought a new stake in shares of F5 Networks during the fourth quarter worth about $201,000. Renaissance Technologies LLC boosted its stake in shares of F5 Networks by 18.9% in the fourth quarter. Renaissance Technologies LLC now owns 1,804,874 shares of the network technology company’s stock worth $261,201,000 after buying an additional 286,800 shares during the last quarter. Employees Retirement System of Texas boosted its stake in shares of F5 Networks by 1.7% in the fourth quarter. Employees Retirement System of Texas now owns 58,400 shares of the network technology company’s stock worth $8,452,000 after buying an additional 1,000 shares during the last quarter. Finally, Willingdon Wealth Management boosted its stake in shares of F5 Networks by 0.6% in the third quarter. Willingdon Wealth Management now owns 11,884 shares of the network technology company’s stock worth $1,481,000 after buying an additional 74 shares during the last quarter. 94.20% of the stock is owned by hedge funds and other institutional investors.
About F5 Networks
F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
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