Thomas Dean Fountain Sells 1,347 Shares of F5, Inc. (NASDAQ:FFIV) Stock

Key Points

• Thomas Dean Fountain, EVP of F5, Inc., sold 1,347 shares of the company at an average price of $309.73, totaling over $417,000, reducing his stake by 6.11% to 20,699 shares.
• F5, Inc. reported earnings of $4.16 per share for the latest quarter, exceeding expectations of $3.49, and showed a year-over-year revenue increase of 12.2%.
• Analysts have mixed ratings for F5, with recent price targets ranging from $305.00 to $345.00, reflecting cautious optimism in the stock.

F5, Inc. (NASDAQ:FFIV - Get Free Report) EVP Thomas Dean Fountain sold 1,347 shares of the business's stock in a transaction on Monday, August 4th. The stock was sold at an average price of $309.73, for a total transaction of $417,206.31. Following the completion of the sale, the executive vice president directly owned 20,699 shares in the company, valued at approximately $6,411,101.27. This represents a 6.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

F5 Trading Up 0.8%

Shares of FFIV traded up $2.45 during trading hours on Wednesday, reaching $321.23. The stock had a trading volume of 523,197 shares, compared to its average volume of 564,984. The company has a market capitalization of $18.45 billion, a price-to-earnings ratio of 28.30, a P/E/G ratio of 3.72 and a beta of 1.03. The firm has a 50-day simple moving average of $295.95 and a 200 day simple moving average of $283.32. F5, Inc. has a 12 month low of $185.74 and a 12 month high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued its earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, topping analysts' consensus estimates of $3.49 by $0.67. F5 had a net margin of 22.06% and a return on equity of 21.77%. The firm had revenue of $780.37 million during the quarter, compared to analyst estimates of $750.64 million. During the same quarter last year, the business earned $3.36 earnings per share. The company's quarterly revenue was up 12.2% on a year-over-year basis. On average, equities analysts forecast that F5, Inc. will post 11.2 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on FFIV shares. Morgan Stanley upped their price target on shares of F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Wall Street Zen cut shares of F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. raised their target price on F5 from $285.00 to $305.00 and gave the stock a "neutral" rating in a research report on Thursday, July 17th. Wolfe Research initiated coverage on F5 in a research note on Monday, July 7th. They issued an "outperform" rating for the company. Finally, Needham & Company LLC upped their target price on F5 from $320.00 to $345.00 and gave the company a "buy" rating in a report on Thursday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $309.89.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Private Advisory Group LLC bought a new stake in F5 during the 1st quarter worth approximately $469,000. Vestcor Inc increased its stake in F5 by 689.3% in the 1st quarter. Vestcor Inc now owns 7,364 shares of the network technology company's stock worth $1,961,000 after acquiring an additional 6,431 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of F5 by 275.0% in the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after purchasing an additional 77 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in F5 in the fourth quarter valued at approximately $5,856,000. Finally, OneDigital Investment Advisors LLC bought a new position in shares of F5 in the 1st quarter worth $240,000. Institutional investors own 90.66% of the company's stock.

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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