F5 Networks, Inc. (NASDAQ:FFIV) EVP Ryan C. Kearny sold 836 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $120.59, for a total transaction of $100,813.24. Following the sale, the executive vice president now owns 2,148 shares of the company’s stock, valued at approximately $259,027.32. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
F5 Networks, Inc. (NASDAQ:FFIV) traded up 0.13% during midday trading on Friday, hitting $119.78. 507,471 shares of the stock traded hands. The company has a market cap of $7.61 billion, a PE ratio of 19.89 and a beta of 1.16. The company’s 50-day moving average is $127.32 and its 200-day moving average is $134.68. F5 Networks, Inc. has a one year low of $114.45 and a one year high of $149.50.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The company had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. During the same quarter in the prior year, the business earned $1.81 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts expect that F5 Networks, Inc. will post $8.17 EPS for the current fiscal year.
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A number of brokerages have recently issued reports on FFIV. Zacks Investment Research downgraded shares of F5 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BMO Capital Markets reiterated an “outperform” rating and issued a $124.00 target price (down previously from $132.00) on shares of F5 Networks in a report on Thursday, July 27th. Barclays PLC dropped their target price on shares of F5 Networks from $124.00 to $116.00 and set an “overweight” rating for the company in a report on Thursday, July 27th. CIBC reiterated a “market perform” rating on shares of F5 Networks in a report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. downgraded shares of F5 Networks from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $145.00 to $120.00 in a report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $132.00.
Large investors have recently added to or reduced their stakes in the stock. Atria Investments LLC raised its stake in F5 Networks by 2.9% in the first quarter. Atria Investments LLC now owns 5,840 shares of the network technology company’s stock worth $833,000 after buying an additional 166 shares during the last quarter. Winslow Evans & Crocker Inc. raised its stake in F5 Networks by 0.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,418 shares of the network technology company’s stock worth $345,000 after buying an additional 14 shares during the last quarter. Capstone Asset Management Co. raised its stake in F5 Networks by 0.9% in the first quarter. Capstone Asset Management Co. now owns 11,971 shares of the network technology company’s stock worth $1,707,000 after buying an additional 110 shares during the last quarter. Bank of Montreal Can raised its stake in F5 Networks by 36.8% in the first quarter. Bank of Montreal Can now owns 1,745,173 shares of the network technology company’s stock worth $248,809,000 after buying an additional 469,449 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in F5 Networks by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 22,744 shares of the network technology company’s stock worth $3,242,000 after buying an additional 300 shares during the last quarter. 94.75% of the stock is owned by institutional investors and hedge funds.
F5 Networks Company Profile
F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
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