Insider Selling: F5, Inc. (NASDAQ:FFIV) Director Sells 1,800 Shares of Stock

F5, Inc. (NASDAQ:FFIV - Get Free Report) Director Michael L. Dreyer sold 1,800 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the sale, the director now owns 4,376 shares in the company, valued at $1,251,360.96. This represents a 29.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

F5 Trading Up 0.4%

FFIV stock traded up $1.12 during midday trading on Friday, hitting $281.71. The stock had a trading volume of 1,291,159 shares, compared to its average volume of 571,581. The firm has a market cap of $16.18 billion, a P/E ratio of 28.00, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00. F5, Inc. has a 1-year low of $164.45 and a 1-year high of $313.00. The business has a fifty day moving average price of $268.13 and a two-hundred day moving average price of $269.08.

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

Hedge Funds Weigh In On F5

Several institutional investors have recently made changes to their positions in FFIV. GAMMA Investing LLC raised its holdings in shares of F5 by 34,698.9% during the first 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 during the period. Norges Bank acquired a new stake in F5 in the fourth quarter valued at approximately $171,127,000. Arrowstreet Capital Limited Partnership grew its stake in F5 by 598.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company's stock valued at $106,944,000 after acquiring an additional 364,372 shares during the period. Hotchkis & Wiley Capital Management LLC grew its stake in F5 by 6.2% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company's stock valued at $1,434,583,000 after acquiring an additional 312,415 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its stake in F5 by 110.4% in the first quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company's stock valued at $149,242,000 after acquiring an additional 294,050 shares during the period. Institutional investors and hedge funds own 90.66% of the company's stock.

Wall Street Analyst Weigh In

FFIV has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on shares of F5 from $296.00 to $285.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Bank of America raised their target price on shares of F5 from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Friday, January 31st. Barclays cut their price target on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a 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 report on Tuesday, April 29th. Finally, William Blair reiterated an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $282.56.

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.