Francis J. Pelzer Sells 600 Shares of F5, Inc. (NASDAQ:FFIV) Stock

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction on Monday, October 21st. The stock was sold at an average price of $217.67, for a total value of $130,602.00. Following the transaction, the chief financial officer now directly owns 29,825 shares in the company, valued at $6,492,007.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

F5 Price Performance

Shares of NASDAQ FFIV opened at $215.41 on Thursday. The company has a 50-day simple moving average of $210.02 and a 200-day simple moving average of $187.94. The company has a market cap of $12.63 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.61 and a beta of 1.06. F5, Inc. has a 12 month low of $145.52 and a 12 month high of $224.47.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.39. F5 had a return on equity of 21.03% and a net margin of 19.94%. The company had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. During the same period in the previous year, the firm posted $2.46 EPS. F5’s revenue was down 1.0% on a year-over-year basis. On average, analysts anticipate that F5, Inc. will post 10.18 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Evercore ISI upped their price target on shares of F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. Royal Bank of Canada increased their target price on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a report on Tuesday, July 30th. The Goldman Sachs Group boosted their price target on F5 from $185.00 to $212.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. JPMorgan Chase & Co. raised their price objective on F5 from $210.00 to $215.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Finally, Barclays lifted their price objective on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $204.56.

Institutional Trading of F5

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FFIV. Northwest Investment Counselors LLC purchased a new position in shares of F5 during the 3rd quarter worth about $28,000. New Covenant Trust Company N.A. purchased a new position in F5 during the first quarter worth approximately $27,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of F5 in the 3rd quarter valued at $32,000. Family Firm Inc. purchased a new stake in shares of F5 during the 2nd quarter valued at $25,000. Finally, Quest Partners LLC increased its holdings in shares of F5 by 9,100.0% during the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after buying an additional 182 shares during the last quarter. Hedge funds and other 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.