F5 Networks, Inc. (NASDAQ:FFIV) CFO Andrew Reinland sold 1,995 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $144.83, for a total transaction of $288,935.85. Following the completion of the sale, the chief financial officer now directly owns 18,930 shares in the company, valued at $2,741,631.90. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

F5 Networks, Inc. (NASDAQ:FFIV) opened at $141.39 on Thursday. The stock has a market cap of $8,641.52, a PE ratio of 21.75, a price-to-earnings-growth ratio of 2.13 and a beta of 1.08. F5 Networks, Inc. has a one year low of $114.63 and a one year high of $149.50.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.21. The business had revenue of $523.20 million for the quarter, compared to analysts’ expectations of $521.07 million. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.98 EPS. equities analysts forecast that F5 Networks, Inc. will post 7.23 earnings per share for the current year.

F5 Networks declared that its board has initiated a stock buyback plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the network technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

A number of institutional investors and hedge funds have recently bought and sold shares of FFIV. Migdal Insurance & Financial Holdings Ltd. lifted its stake in F5 Networks by 23.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock valued at $110,000 after acquiring an additional 161 shares during the period. Zions Bancorporation lifted its stake in F5 Networks by 16,733.3% during the 3rd quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock valued at $122,000 after acquiring an additional 1,004 shares during the period. Wealthstreet Investment Advisors LLC bought a new position in F5 Networks during the 4th quarter valued at about $236,000. Cadence Capital Management LLC bought a new position in shares of F5 Networks in the 3rd quarter worth approximately $241,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of F5 Networks in the 3rd quarter worth approximately $249,000. Institutional investors and hedge funds own 95.53% of the company’s stock.

A number of analysts have recently weighed in on the stock. BidaskClub raised shares of F5 Networks from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $146.00 target price on shares of F5 Networks in a research report on Wednesday, January 10th. Goldman Sachs Group assumed coverage on shares of F5 Networks in a research report on Wednesday. They issued a “neutral” rating and a $145.00 target price on the stock. BMO Capital Markets upped their target price on shares of F5 Networks from $156.00 to $166.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of F5 Networks in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $140.30.

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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)

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