F5 Networks, Inc. (NASDAQ:FFIV) Director Alan Higginson sold 2,540 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $120.52, for a total transaction of $306,120.80. Following the sale, the director now owns 13,310 shares of the company’s stock, valued at $1,604,121.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

F5 Networks, Inc. (FFIV) opened at 119.78 on Friday. F5 Networks, Inc. has a one year low of $114.45 and a one year high of $149.50. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 19.89 and a beta of 1.16. The stock’s 50 day moving average is $127.32 and its 200-day moving average is $134.68.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.03. The company had revenue of $517.80 million for the quarter, compared to analyst estimates of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 EPS. On average, equities research analysts expect that F5 Networks, Inc. will post $8.17 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Insider Selling: F5 Networks, Inc. (NASDAQ:FFIV) Director Sells 2,540 Shares of Stock” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.dailypolitical.com/2017/08/05/insider-selling-f5-networks-inc-nasdaqffiv-director-sells-2540-shares-of-stock.html.

Several large investors have recently bought and sold shares of FFIV. BlackRock Inc. boosted its stake in F5 Networks by 2,108.1% in the first quarter. BlackRock Inc. now owns 4,404,873 shares of the network technology company’s stock valued at $628,003,000 after buying an additional 4,205,384 shares in the last quarter. Morgan Stanley boosted its stake in F5 Networks by 171.1% in the first quarter. Morgan Stanley now owns 829,117 shares of the network technology company’s stock valued at $118,207,000 after buying an additional 523,250 shares in the last quarter. Bank of Montreal Can boosted its stake in F5 Networks by 36.8% in the first quarter. Bank of Montreal Can now owns 1,745,173 shares of the network technology company’s stock valued at $248,809,000 after buying an additional 469,449 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in F5 Networks by 3,947.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 366,821 shares of the network technology company’s stock valued at $52,298,000 after buying an additional 357,758 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in F5 Networks by 30.3% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 933,496 shares of the network technology company’s stock valued at $133,088,000 after buying an additional 216,959 shares in the last quarter. 94.75% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have issued reports on FFIV shares. Barclays PLC restated a “sell” rating and set a $124.00 price objective on shares of F5 Networks in a research report on Friday, April 28th. Credit Suisse Group set a $138.00 price objective on shares of F5 Networks and gave the stock a “hold” rating in a research report on Thursday, April 20th. Cowen and Company restated an “outperform” rating and set a $145.00 price objective (down from $149.00) on shares of F5 Networks in a research report on Friday, April 28th. Morgan Stanley lowered their target price on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday, April 28th. Finally, Royal Bank Of Canada lowered their target price on shares of F5 Networks from $137.00 to $132.00 and set a “sector perform” rating on the stock in a report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $132.00.

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.

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

Receive News & Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.