Chad Michael Whalen Sells 5,297 Shares of F5, Inc. (NASDAQ:FFIV) Stock

Key Points

• Chad Michael Whalen, EVP of F5, Inc., sold 5,297 shares of the company's stock for approximately $1.71 million, reducing his ownership by 18.34% to 23,591 shares.
• F5's stock price increased by $8.36 to $326.47 following the sale, with a market cap of $18.76 billion and a PE ratio of 28.76.
• The company reported quarterly earnings of $4.16 EPS, exceeding analyst forecasts of $3.49, with revenue up 12.2% year-over-year.

F5, Inc. (NASDAQ:FFIV - Get Free Report) EVP Chad Michael Whalen sold 5,297 shares of F5 stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $322.24, for a total transaction of $1,706,905.28. Following the transaction, the executive vice president directly owned 23,591 shares in the company, valued at $7,601,963.84. This trade represents a 18.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

F5 Stock Performance

Shares of F5 stock traded up $8.36 on Tuesday, reaching $326.47. The company had a trading volume of 770,360 shares, compared to its average volume of 570,625. The firm has a market cap of $18.76 billion, a PE ratio of 28.76, a PEG ratio of 3.72 and a beta of 1.03. The firm's 50 day moving average price is $299.60 and its two-hundred day moving average price is $285.09. F5, Inc. has a 52-week low of $189.39 and a 52-week high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, topping the consensus estimate of $3.49 by $0.67. F5 had a net margin of 22.06% and a return on equity of 21.77%. The company had revenue of $780.37 million during the quarter, compared to analysts' expectations of $750.64 million. During the same quarter in the previous year, the business posted $3.36 EPS. The firm's revenue was up 12.2% on a year-over-year basis. As a group, sell-side analysts predict that F5, Inc. will post 11.2 EPS for the current year.

Institutional Trading of F5

Institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of F5 by 34,698.9% in the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company's stock valued at $198,661,000 after purchasing an additional 743,945 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in F5 by 6.2% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company's stock worth $1,434,583,000 after purchasing an additional 312,415 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of F5 by 110.4% during the first quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock worth $149,242,000 after purchasing an additional 294,050 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of F5 by 659.3% during the first quarter. Pacer Advisors Inc. now owns 316,992 shares of the network technology company's stock valued at $84,405,000 after purchasing an additional 275,244 shares during the period. Finally, Northern Trust Corp grew its position in shares of F5 by 38.0% during the fourth quarter. Northern Trust Corp now owns 913,021 shares of the network technology company's stock worth $229,597,000 after buying an additional 251,534 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.

Wall Street Analysts Forecast Growth

FFIV has been the topic of a number of analyst reports. JPMorgan Chase & Co. lifted their target price on shares of F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Royal Bank Of Canada lifted their target price on shares of F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 31st. Piper Sandler lifted their target price on shares of F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research note on Thursday, July 31st. William Blair reaffirmed an "outperform" rating on shares of F5 in a research note on Tuesday, April 29th. Finally, Wolfe Research started coverage on shares of F5 in a research note on Monday, July 7th. They issued an "outperform" rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $309.89.

About F5

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.

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