F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer Sells 500 Shares

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $170.00, for a total transaction of $85,000.00. Following the completion of the transaction, the chief financial officer now directly owns 31,608 shares in the company, valued at $5,373,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

F5 Stock Performance

NASDAQ:FFIV opened at $169.60 on Monday. F5, Inc. has a 52 week low of $142.16 and a 52 week high of $199.49. The firm’s fifty day moving average is $171.89 and its 200-day moving average is $179.54. The firm has a market cap of $9.94 billion, a P/E ratio of 20.31, a P/E/G ratio of 2.25 and a beta of 1.09.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $685.47 million. During the same quarter in the prior year, the firm posted $1.70 earnings per share. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that F5, Inc. will post 9.64 earnings per share for the current year.

Hedge Funds Weigh In On F5

A number of institutional investors and hedge funds have recently modified their holdings of the business. Allianz Asset Management GmbH boosted its stake in F5 by 74.3% during the fourth quarter. Allianz Asset Management GmbH now owns 73,141 shares of the network technology company’s stock worth $13,091,000 after acquiring an additional 31,181 shares in the last quarter. Illinois Municipal Retirement Fund boosted its holdings in F5 by 9.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 61,801 shares of the network technology company’s stock worth $11,061,000 after acquiring an additional 5,577 shares in the last quarter. Vanguard Group Inc. grew its stake in F5 by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,435,868 shares of the network technology company’s stock valued at $1,330,872,000 after acquiring an additional 131,341 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of F5 by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 517,948 shares of the network technology company’s stock valued at $92,704,000 after acquiring an additional 49,562 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd acquired a new position in shares of F5 during the fourth quarter worth approximately $6,116,000. 90.66% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on FFIV shares. Piper Sandler restated a “neutral” rating and set a $167.00 price objective (down from $187.00) on shares of F5 in a research report on Tuesday, April 30th. Barclays dropped their price target on F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 30th. 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 research report on Tuesday, April 30th. Evercore ISI dropped their target price on F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $185.10.

F5 Company Profile

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.