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

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $178.81, for a total transaction of $89,405.00. Following the completion of the sale, the chief financial officer now owns 31,290 shares in the company, valued at $5,594,964.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

F5 Trading Up 1.2 %

Shares of F5 stock traded up $2.12 during trading on Wednesday, reaching $182.35. The company’s stock had a trading volume of 486,164 shares, compared to its average volume of 434,242. F5, Inc. has a one year low of $129.93 and a one year high of $199.49. The stock has a 50-day moving average price of $187.74 and a two-hundred day moving average price of $176.00. The stock has a market capitalization of $10.72 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 2.64 and a beta of 1.11.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.04 by $0.39. The company had revenue of $693.00 million for the quarter, compared to analyst estimates of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. F5’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.65 earnings per share. As a group, sell-side analysts anticipate that F5, Inc. will post 9.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Oak Thistle LLC boosted its holdings in F5 by 24.1% in the third quarter. Oak Thistle LLC now owns 2,745 shares of the network technology company’s stock valued at $442,000 after acquiring an additional 533 shares during the last quarter. Czech National Bank lifted its position in F5 by 44.9% during the 3rd quarter. Czech National Bank now owns 10,373 shares of the network technology company’s stock valued at $1,672,000 after purchasing an additional 3,215 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of F5 by 3.9% in the 3rd quarter. Asset Management One Co. Ltd. now owns 27,477 shares of the network technology company’s stock valued at $4,428,000 after purchasing an additional 1,044 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of F5 by 41.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,300 shares of the network technology company’s stock worth $1,821,000 after buying an additional 3,300 shares during the period. Finally, Grimes & Company Inc. raised its stake in shares of F5 by 2.7% during the third quarter. Grimes & Company Inc. now owns 55,972 shares of the network technology company’s stock worth $9,019,000 after buying an additional 1,472 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Piper Sandler raised their target price on F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $204.00 price objective on shares of F5 in a report on Friday, February 9th. JPMorgan Chase & Co. lifted their price target on F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Barclays increased their target price on F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. Finally, KeyCorp lifted their price objective on F5 from $186.00 to $204.00 and gave the company an “overweight” rating in a research report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $192.22.

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.