F5 Networks, Inc. (FFIV) Director Sells $289,020.00 in Stock

F5 Networks, Inc. (NASDAQ:FFIV) Director Alan Higginson sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $144.51, for a total transaction of $289,020.00. Following the completion of the sale, the director now owns 11,310 shares of the company’s stock, valued at approximately $1,634,408.10. The sale was disclosed in a filing with the SEC, which is accessible through this link.

F5 Networks, Inc. (NASDAQ:FFIV) opened at $145.03 on Monday. The firm has a market cap of $8,969.30, a price-to-earnings ratio of 22.31, a PEG ratio of 2.21 and a beta of 1.08. F5 Networks, Inc. has a twelve month low of $114.63 and a twelve month high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.21. The business had revenue of $523.20 million for the quarter, compared to the consensus estimate of $521.07 million. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. F5 Networks’s revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.98 EPS. equities analysts forecast that F5 Networks, Inc. will post 7.23 earnings per share for the current year.

F5 Networks declared that its board has initiated a share repurchase plan on Wednesday, October 25th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

A number of large investors have recently bought and sold shares of the stock. Sentry Investment Management LLC grew its stake in F5 Networks by 3.5% in the 2nd quarter. Sentry Investment Management LLC now owns 5,425 shares of the network technology company’s stock valued at $689,000 after buying an additional 181 shares during the last quarter. Verition Fund Management LLC grew its stake in F5 Networks by 9.5% in the 4th quarter. Verition Fund Management LLC now owns 4,088 shares of the network technology company’s stock valued at $536,000 after buying an additional 353 shares during the last quarter. Penserra Capital Management LLC grew its stake in F5 Networks by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 2,380 shares of the network technology company’s stock valued at $312,000 after buying an additional 374 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in F5 Networks by 3.5% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 11,924 shares of the network technology company’s stock valued at $1,565,000 after buying an additional 405 shares during the last quarter. Finally, GHP Investment Advisors Inc. grew its stake in F5 Networks by 9.5% in the 4th quarter. GHP Investment Advisors Inc. now owns 4,980 shares of the network technology company’s stock valued at $653,000 after buying an additional 430 shares during the last quarter. Institutional investors and hedge funds own 96.59% of the company’s stock.

A number of equities research analysts have issued reports on FFIV shares. Goldman Sachs Group started coverage on shares of F5 Networks in a research report on Wednesday, February 7th. They issued a “neutral” rating and a $145.00 target price for the company. BidaskClub upgraded shares of F5 Networks from a “hold” rating to a “buy” rating in a research report on Saturday, February 3rd. Bank of America increased their target price on shares of F5 Networks from $157.00 to $168.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Oppenheimer reiterated a “hold” rating on shares of F5 Networks in a research report on Thursday, January 25th. Finally, Cowen reiterated a “buy” rating and issued a $162.00 target price on shares of F5 Networks in a research report on Thursday, January 25th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $140.30.

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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.

Insider Buying and Selling by Quarter for F5 Networks (NASDAQ:FFIV)

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