F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer Sells 500 Shares of Stock

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total value of $89,405.00. Following the completion of the transaction, the chief financial officer now directly owns 31,290 shares in the company, valued at $5,594,964.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

F5 Price Performance

Shares of NASDAQ:FFIV opened at $182.35 on Thursday. The company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 23.71, a P/E/G ratio of 2.64 and a beta of 1.11. The business’s 50-day moving average is $187.70 and its 200-day moving average is $176.04. F5, Inc. has a 1 year low of $129.93 and a 1 year high of $199.49.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.39. The firm had revenue of $693.00 million during the quarter, compared to analyst estimates of $684.77 million. F5 had a return on equity of 20.81% and a net margin of 16.43%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.65 EPS. Analysts anticipate that F5, Inc. will post 9.59 EPS for the current year.

Hedge Funds Weigh In On F5

A number of large investors have recently made changes to their positions in FFIV. Acadian Asset Management LLC boosted its holdings in shares of F5 by 203.5% in the third quarter. Acadian Asset Management LLC now owns 484,516 shares of the network technology company’s stock worth $78,052,000 after acquiring an additional 324,886 shares during the period. Lyrical Asset Management LP raised its position in F5 by 38.3% during the fourth quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock valued at $204,986,000 after purchasing an additional 317,263 shares in the last quarter. Norges Bank purchased a new stake in F5 during the fourth quarter valued at about $45,937,000. Ameriprise Financial Inc. raised its position in F5 by 13.3% during the third quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock valued at $292,001,000 after purchasing an additional 212,784 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in F5 by 3,545.5% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 172,977 shares of the network technology company’s stock valued at $27,874,000 after purchasing an additional 168,232 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $204.00 target price on shares of F5 in a research note on Friday, February 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price target on shares of F5 in a research note on Tuesday, February 13th. Piper Sandler increased their price objective on F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. The Goldman Sachs Group raised their target price on F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. Finally, JPMorgan Chase & Co. raised their target price on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, F5 presently has an average rating of “Hold” and an average target price of $192.22.

About F5

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.