Insider Selling: F5, Inc. (NASDAQ:FFIV) EVP Sells 851 Shares of Stock

F5, Inc. (NASDAQ:FFIV) EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total value of $142,568.03. Following the sale, the executive vice president now owns 15,504 shares in the company, valued at $2,597,385.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Thomas Dean Fountain also recently made the following trade(s):

• On Thursday, February 8th, Thomas Dean Fountain sold 851 shares of F5 stock. The stock was sold at an average price of $183.06, for a total value of $155,784.06.

F5 Trading Down 0.3 %

Shares of F5 stock traded down $0.55 during trading hours on Thursday, reaching $166.07. 785,510 shares of the company’s stock were exchanged, compared to its average volume of 473,838. The company has a 50 day moving average of $187.01 and a two-hundred day moving average of $176.75. F5, Inc. has a fifty-two week low of $130.34 and a fifty-two week high of $199.49. The stock has a market cap of $9.77 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.43 and a beta of 1.14.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.88 by $0.03. F5 had a net margin of 17.91% and a return on equity of 21.41%. The business had revenue of $681.00 million during the quarter, compared to the consensus estimate of $685.47 million. During the same period last year, the business posted $1.70 EPS. F5’s revenue was down 3.1% on a year-over-year basis. As a group, analysts expect that F5, Inc. will post 9.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On F5

Several hedge funds have recently bought and sold shares of FFIV. Atlantic Edge Private Wealth Management LLC acquired a new stake in F5 during the fourth quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of F5 during the fourth quarter worth approximately $34,000. Washington Trust Advisors Inc. bought a new position in shares of F5 during the fourth quarter worth approximately $36,000. Register Financial Advisors LLC bought a new position in shares of F5 during the first quarter worth approximately $38,000. Finally, Addison Advisors LLC increased its holdings in shares of F5 by 36.1% during the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock worth $45,000 after purchasing an additional 74 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FFIV has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $220.00 price objective on shares of F5 in a report on Tuesday. JPMorgan Chase & Co. upped their price objective on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Royal Bank of Canada reduced their price objective on F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a report on Tuesday. Evercore ISI reduced their price objective on F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a report on Tuesday. Finally, Barclays dropped their target price on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $185.10.

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.