F5 Networks, Inc. (NASDAQ:FFIV) EVP Edward Julian Eames sold 15,336 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $121.06, for a total transaction of $1,856,576.16. Following the transaction, the executive vice president now owns 43,824 shares in the company, valued at approximately $5,305,333.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of F5 Networks, Inc. (NASDAQ:FFIV) traded down $0.68 during trading hours on Friday, hitting $119.92. 409,854 shares of the company’s stock were exchanged, compared to its average volume of 933,526. The company has a market capitalization of $7,574.50, a price-to-earnings ratio of 18.70 and a beta of 1.01.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.24. The company had revenue of $538.00 million during the quarter, compared to analyst estimates of $534.71 million. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $2.11 EPS. equities analysts predict that F5 Networks, Inc. will post 6.7 EPS for the current year.

F5 Networks announced that its Board of Directors has initiated a share repurchase plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the network technology company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

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FFIV has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Jefferies Group LLC reiterated a “hold” rating and set a $124.00 price objective on shares of F5 Networks in a research note on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of F5 Networks in a research note on Wednesday, October 11th. Nomura lowered their price objective on shares of F5 Networks from $120.00 to $115.00 and set a “neutral” rating on the stock in a research note on Monday, October 16th. Finally, Robert W. Baird reiterated a “hold” rating and set a $125.00 price objective on shares of F5 Networks in a research note on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $126.76.

Several large investors have recently modified their holdings of FFIV. OppenheimerFunds Inc. boosted its stake in shares of F5 Networks by 6.1% during the 1st quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock valued at $243,000 after buying an additional 98 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of F5 Networks by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 230,756 shares of the network technology company’s stock valued at $32,898,000 after purchasing an additional 8,939 shares in the last quarter. Janus Capital Management LLC raised its holdings in shares of F5 Networks by 335.8% during the 1st quarter. Janus Capital Management LLC now owns 68,576 shares of the network technology company’s stock valued at $9,777,000 after purchasing an additional 52,839 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of F5 Networks by 908.7% during the 1st quarter. Bank of Nova Scotia now owns 14,828 shares of the network technology company’s stock valued at $2,114,000 after purchasing an additional 13,358 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of F5 Networks by 9.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 8,550 shares of the network technology company’s stock valued at $1,219,000 after purchasing an additional 730 shares in the last quarter. 96.00% of the stock is owned by institutional investors.

F5 Networks Company Profile

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.

Insider Buying and Selling by Quarter for F5 Networks (NASDAQ:FFIV)

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