F5 (NASDAQ:FFIV) Shares Gap Up After Earnings Beat

Shares of F5, Inc. (NASDAQ:FFIVGet Free Report) gapped up prior to trading on Tuesday following a stronger than expected earnings report. The stock had previously closed at $185.37, but opened at $195.01. F5 shares last traded at $189.51, with a volume of 425,220 shares changing hands.

The network technology company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.39. The company had revenue of $693.00 million during the quarter, compared to analyst estimates of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 21.06%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the business earned $1.65 EPS.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group raised their price target on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research report on Tuesday. TheStreet upgraded shares of F5 from a “c+” rating to a “b-” rating in a research report on Wednesday, November 22nd. KeyCorp raised their price target on shares of F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. Bank of America downgraded shares of F5 from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $165.00 to $160.00 in a research report on Thursday, October 26th. Finally, Royal Bank of Canada lifted their price objective on shares of F5 from $185.00 to $204.00 and gave the company a “sector perform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $185.00.

Check Out Our Latest Analysis on F5

Insider Buying and Selling at F5

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $180.09, for a total transaction of $90,045.00. Following the transaction, the chief financial officer now owns 31,508 shares of the company’s stock, valued at approximately $5,674,275.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Francois Locoh-Donou sold 2,200 shares of F5 stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $153.16, for a total value of $336,952.00. Following the transaction, the chief executive officer now owns 125,665 shares of the company’s stock, valued at approximately $19,246,851.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $180.09, for a total transaction of $90,045.00. Following the completion of the transaction, the chief financial officer now directly owns 31,508 shares in the company, valued at approximately $5,674,275.72. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,598 shares of company stock valued at $1,599,510. Company insiders own 0.60% of the company’s stock.

Hedge Funds Weigh In On F5

Hedge funds have recently made changes to their positions in the business. State of Michigan Retirement System increased its position in shares of F5 by 3.1% in the second quarter. State of Michigan Retirement System now owns 19,688 shares of the network technology company’s stock worth $2,880,000 after acquiring an additional 600 shares in the last quarter. Shell Asset Management Co. increased its position in shares of F5 by 16.2% in the second quarter. Shell Asset Management Co. now owns 18,670 shares of the network technology company’s stock worth $2,731,000 after acquiring an additional 2,602 shares in the last quarter. Addison Advisors LLC increased its position in shares of F5 by 36.1% in the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock worth $45,000 after acquiring an additional 74 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of F5 by 4.4% during the third quarter. Mount Yale Investment Advisors LLC now owns 8,355 shares of the network technology company’s stock worth $1,346,000 after purchasing an additional 349 shares during the period. Finally, SVB Wealth LLC acquired a new stake in shares of F5 during the second quarter worth approximately $313,000. Institutional investors and hedge funds own 89.89% of the company’s stock.

F5 Price Performance

The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 23.89, a PEG ratio of 3.69 and a beta of 1.08. The firm’s fifty day moving average is $176.26 and its 200 day moving average is $163.84.

About F5

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F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.

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