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

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $178.81, for a total value of $89,405.00. Following the sale, the chief financial officer now owns 31,290 shares in the company, valued at approximately $5,594,964.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

F5 Trading Down 0.3 %

NASDAQ:FFIV opened at $181.85 on Friday. F5, Inc. has a 1-year low of $129.93 and a 1-year high of $199.49. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 2.65 and a beta of 1.11. The business’s 50-day moving average price is $187.67 and its two-hundred day moving average price is $176.08.

F5 (NASDAQ:FFIV) last issued 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. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm had revenue of $693.00 million for the quarter, compared to analysts’ expectations of $684.77 million. During the same quarter last year, the business earned $1.65 earnings per share. The company’s revenue was down 1.0% compared to the same quarter last year. Sell-side analysts predict that F5, Inc. will post 9.59 earnings per share for the current year.

Hedge Funds Weigh In On F5

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlantic Edge Private Wealth Management LLC bought a new position in F5 during the fourth quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in F5 during the fourth quarter worth about $34,000. Washington Trust Advisors Inc. bought a new position in shares of F5 during the 4th quarter valued at about $36,000. Register Financial Advisors LLC bought a new position in shares of F5 during the 1st quarter valued at about $38,000. Finally, Addison Advisors LLC lifted its holdings in shares of F5 by 36.1% during the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

Analysts Set New Price Targets

FFIV has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $220.00 target price on shares of F5 in a report on Tuesday, February 13th. Piper Sandler increased their target price on F5 from $170.00 to $187.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th. Barclays increased their target price on F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. KeyCorp increased their target price on F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $204.00 target price on shares of F5 in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.