F5 (NASDAQ:FFIV) Insider John Anthony Maddison Sells 619 Shares of Company Stock

F5, Inc. (NASDAQ:FFIV) insider John Maddison sold 619 shares of the company’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $324.06, for a total value of $200,593.14. Following the completion of the sale, the insider directly owned 1,566 shares of the company’s stock, valued at approximately $507,477.96. This trade represents a 28.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Anthony Maddison also recently made the following trade(s):

• On Monday, September 14th, John Maddison sold 204 shares of F5 stock. The stock was sold at an average price of $406.24, for a total transaction of $82,872.96.

F5 Stock Down 5.5%

F5 stock opened at $311.74 on Friday. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.92 and a beta of 1.07. The company’s 50 day simple moving average is $423.65 and its 200 day simple moving average is $363.77. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.73 and a quick ratio of 1.59. F5, Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $483.30.

F5 (NASDAQ:FFIV) last issued its earnings results on Tuesday, October 27th. The network technology company reported $4.42 EPS for the quarter, beating the consensus estimate of $4.26 by $0.16. The firm had revenue of $917.43 million during the quarter, compared to the consensus estimate of $884.03 million. F5 had a net margin of 21.14% and a return on equity of 21.00%. The business’s quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.39 earnings per share. As a group, sell-side analysts anticipate that F5, Inc. will post 14.19 EPS for the current year.

F5 declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 27th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the network technology company to purchase shares of its stock through open market purchases. Share repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FFIV shares. Evercore reaffirmed an “outperform” rating on shares of F5 in a research note on Wednesday, October 28th. Morgan Stanley boosted their target price on F5 from $415.00 to $448.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. Zacks Research downgraded F5 from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. Wells Fargo & Company set a $500.00 price target on F5 in a report on Wednesday, October 28th. Finally, Weiss Ratings lowered F5 from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, F5 has an average rating of “Hold” and a consensus price target of $443.00.

Key Headlines Impacting F5

Here are the key news stories impacting F5 this week:

• Negative Sentiment: Seven insiders, including F5’s CFO, CTOs and EVPs, sold shares in transactions dated November 3–4. The sales totaled about $7.2 million; several executives reduced their individual holdings substantially. The cluster of sales may weigh on sentiment, although the pre-arranged plans temper the signal. See the SEC filings: Read More., Read More., Read More., Read More., Read More., Read More. and Read More..

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Mather Group LLC. increased its position in shares of F5 by 2.5% during the third quarter. Mather Group LLC. now owns 1,365 shares of the network technology company’s stock worth $608,000 after acquiring an additional 33 shares in the last quarter. Kesler Norman & Wride LLC lifted its position in F5 by 1.4% in the 1st quarter. Kesler Norman & Wride LLC now owns 3,718 shares of the network technology company’s stock valued at $1,076,000 after acquiring an additional 52 shares in the last quarter. MGO One Seven LLC lifted its position in F5 by 2.6% in the 3rd quarter. MGO One Seven LLC now owns 2,056 shares of the network technology company’s stock valued at $915,000 after acquiring an additional 53 shares in the last quarter. North Dakota State Investment Board lifted its position in F5 by 3.2% in the 3rd quarter. North Dakota State Investment Board now owns 1,733 shares of the network technology company’s stock valued at $771,000 after acquiring an additional 54 shares in the last quarter. Finally, GraniteShares Advisors LLC boosted its stake in F5 by 5.8% in the 3rd quarter. GraniteShares Advisors LLC now owns 1,021 shares of the network technology company’s stock worth $455,000 after purchasing an additional 56 shares during the period. Institutional investors own 90.66% of the company’s stock.

F5 Company Profile

F5, Inc (NASDAQ: FFIV) provides application delivery, security and traffic management solutions for enterprises, service providers and public-sector organizations. Its offerings are designed to help customers secure, optimize and manage applications and application programming interfaces (APIs) across data centers, private and public clouds, and edge environments.

The company’s portfolio includes BIG-IP software and appliances, NGINX application delivery and web server technologies, and F5 Distributed Cloud services.