F5, Inc. (NASDAQ:FFIV) EVP Sells $142,568.03 in Stock

F5, Inc. (NASDAQ:FFIV) EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total value of $142,568.03. Following the transaction, the executive vice president now directly owns 15,504 shares in the company, valued at approximately $2,597,385.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Thomas Dean Fountain also recently made the following trade(s):

• On Thursday, February 8th, Thomas Dean Fountain sold 851 shares of F5 stock. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06.

F5 Price Performance

F5 stock opened at $165.94 on Friday. The firm’s fifty day moving average price is $186.63 and its 200 day moving average price is $176.67. F5, Inc. has a 12-month low of $130.34 and a 12-month high of $199.49. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 19.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. F5 had a return on equity of 21.41% and a net margin of 17.91%. The business had revenue of $681.00 million during the quarter, compared to the consensus estimate of $685.47 million. During the same period in the previous year, the business earned $1.70 EPS. The business’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts forecast that F5, Inc. will post 9.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On F5

Several hedge funds and other institutional investors have recently modified their holdings of FFIV. Illinois Municipal Retirement Fund lifted its holdings in F5 by 9.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 61,801 shares of the network technology company’s stock worth $11,061,000 after purchasing an additional 5,577 shares during the period. True Wealth Design LLC raised its stake in shares of F5 by 268,450.0% during the 3rd quarter. True Wealth Design LLC now owns 5,371 shares of the network technology company’s stock worth $865,000 after purchasing an additional 5,369 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in F5 by 133.9% in the third quarter. Ontario Teachers Pension Plan Board now owns 10,530 shares of the network technology company’s stock worth $1,697,000 after acquiring an additional 6,028 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in F5 during the third quarter worth $438,000. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in F5 by 9.1% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 164,967 shares of the network technology company’s stock valued at $29,526,000 after purchasing an additional 13,711 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on FFIV. Piper Sandler restated a “neutral” rating and issued a $167.00 price target (down previously from $187.00) on shares of F5 in a research note on Tuesday. Evercore ISI decreased their price target on F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research note on Tuesday. KeyCorp lifted their price objective on F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a research report on Thursday, January 18th. The Goldman Sachs Group boosted their price objective on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Finally, Royal Bank of Canada lowered their target price on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $185.10.

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.