F5, Inc. (NASDAQ:FFIV) Director Elizabeth Buse Sells 1,500 Shares

F5, Inc. (NASDAQ:FFIV - Get Free Report) Director Elizabeth Buse sold 1,500 shares of the firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total transaction of $440,295.00. Following the completion of the sale, the director now owns 5,013 shares of the company's stock, valued at $1,471,465.89. The trade was a 23.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

F5 Stock Down 1.7%

F5 stock traded down $5.05 during midday trading on Friday, hitting $286.61. 253,468 shares of the stock were exchanged, compared to its average volume of 564,349. The company has a fifty day simple moving average of $274.73 and a two-hundred day simple moving average of $272.54. F5, Inc. has a 52 week low of $165.68 and a 52 week high of $313.00. The stock has a market capitalization of $16.46 billion, a PE ratio of 28.49, a P/E/G ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.31. F5 had a net margin of 20.58% and a return on equity of 20.98%. The business had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same quarter last year, the firm earned $2.91 EPS. F5's quarterly revenue was up 7.3% compared to the same quarter last year. As a group, equities research analysts anticipate that F5, Inc. will post 11.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in F5 by 457.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 31,375 shares of the network technology company's stock valued at $7,899,000 after buying an additional 25,748 shares in the last quarter. Fisher Asset Management LLC lifted its stake in F5 by 163.3% in the fourth quarter. Fisher Asset Management LLC now owns 80,013 shares of the network technology company's stock valued at $20,121,000 after buying an additional 49,629 shares in the last quarter. Aware Super Pty Ltd as trustee of Aware Super bought a new position in F5 in the fourth quarter valued at approximately $5,856,000. Jupiter Asset Management Ltd. lifted its stake in F5 by 83.1% in the fourth quarter. Jupiter Asset Management Ltd. now owns 296,506 shares of the network technology company's stock valued at $74,562,000 after buying an additional 134,537 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in F5 by 10.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 15,157 shares of the network technology company's stock valued at $3,811,000 after buying an additional 1,419 shares in the last quarter. Institutional investors own 90.66% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on FFIV. Piper Sandler raised their price objective on shares of F5 from $262.00 to $269.00 and gave the company a "neutral" rating in a research report on Tuesday, April 29th. Morgan Stanley lifted their price target on shares of F5 from $269.00 to $280.00 and gave the stock an "equal weight" rating in a research report on Tuesday, April 29th. Needham & Company LLC reiterated a "buy" rating and set a $320.00 price target on shares of F5 in a research report on Tuesday, April 29th. Barclays lowered their price target on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $290.00 price target on shares of F5 in a research report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $282.56.

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.