Benjamin Gibson Sells 3,262 Shares of F5 Networks, Inc. (FFIV) Stock
F5 Networks, Inc. (NASDAQ:FFIV) EVP Benjamin Gibson sold 3,262 shares of F5 Networks stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total transaction of $382,469.50. Following the completion of the sale, the executive vice president now directly owns 815 shares in the company, valued at approximately $95,558.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of F5 Networks, Inc. (FFIV) traded down 0.79% during trading on Thursday, reaching $115.66. 690,187 shares of the company’s stock were exchanged. F5 Networks, Inc. has a 52 week low of $114.45 and a 52 week high of $149.50. The company’s 50-day moving average price is $119.92 and its 200 day moving average price is $130.83. The firm has a market capitalization of $7.35 billion, a PE ratio of 19.21 and a beta of 1.16.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, hitting the consensus estimate of $2.03. F5 Networks had a net margin of 18.86% and a return on equity of 32.79%. The company had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $525.57 million. During the same period last year, the company posted $1.81 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts predict that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently made changes to their positions in the business. Acrospire Investment Management LLC boosted its holdings in shares of F5 Networks by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock worth $102,000 after buying an additional 400 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of F5 Networks by 23.0% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock worth $110,000 after buying an additional 161 shares during the period. IFP Advisors Inc boosted its holdings in shares of F5 Networks by 65.6% in the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock worth $122,000 after buying an additional 380 shares during the period. American Beacon Advisors Inc. acquired a new position in shares of F5 Networks in the first quarter worth about $153,000. Finally, Van ECK Associates Corp boosted its holdings in shares of F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after buying an additional 65 shares during the period. Institutional investors own 96.45% of the company’s stock.
FFIV has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $132.00 target price on shares of F5 Networks in a report on Monday, May 29th. Cowen and Company reaffirmed an “outperform” rating and issued a $145.00 target price on shares of F5 Networks in a report on Monday, June 5th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $130.00 target price on shares of F5 Networks in a report on Friday, June 16th. Piper Jaffray Companies downgraded shares of F5 Networks from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $144.00 to $136.00 in a report on Friday, July 14th. Finally, Drexel Hamilton reaffirmed a “buy” rating and issued a $160.00 target price on shares of F5 Networks in a report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $130.81.
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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