F5 Networks, Inc. (NASDAQ:FFIV) CFO Sells $747,478.05 in Stock
F5 Networks, Inc. (NASDAQ:FFIV) CFO Andrew Reinland sold 6,215 shares of F5 Networks stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total transaction of $747,478.05. Following the sale, the chief financial officer now owns 20,601 shares of the company’s stock, valued at $2,477,682.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of F5 Networks, Inc. (NASDAQ FFIV) opened at 119.78 on Friday. The company has a 50-day moving average of $127.32 and a 200 day moving average of $134.68. The firm has a market capitalization of $7.61 billion, a PE ratio of 19.89 and a beta of 1.16. F5 Networks, Inc. has a 12-month low of $114.45 and a 12-month high of $149.50.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting the consensus estimate of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The company had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $525.57 million. During the same period in the prior year, the business earned $1.81 earnings per share. F5 Networks’s revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts predict that F5 Networks, Inc. will post $8.17 EPS for the current year.
FFIV has been the subject of a number of recent research reports. Barclays PLC reiterated a “sell” rating and set a $124.00 price target on shares of F5 Networks in a report on Friday, April 28th. Credit Suisse Group set a $138.00 price target on shares of F5 Networks and gave the stock a “hold” rating in a report on Thursday, April 20th. Cowen and Company reiterated an “outperform” rating and set a $145.00 price target (down from $149.00) on shares of F5 Networks in a report on Friday, April 28th. Morgan Stanley lowered their price target on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating for the company in a report on Friday, April 28th. Finally, Royal Bank Of Canada reduced their price target on shares of F5 Networks from $137.00 to $132.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 27th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $132.00.
Several large investors have recently bought and sold shares of the stock. IFP Advisors Inc increased its position in F5 Networks by 65.6% in the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock worth $122,000 after buying an additional 380 shares in the last quarter. American Beacon Advisors Inc. acquired a new position in F5 Networks during the first quarter worth about $153,000. Van ECK Associates Corp increased its position in F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after buying an additional 65 shares in the last quarter. Bronfman E.L. Rothschild L.P. increased its position in F5 Networks by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,376 shares of the network technology company’s stock worth $196,000 after buying an additional 67 shares in the last quarter. Finally, First Bank & Trust increased its position in F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock worth $232,000 after buying an additional 5 shares in the last quarter. 94.75% 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.
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