F5 Networks, Inc. (NASDAQ:FFIV) EVP Scot Frazier Rogers sold 13,557 shares of the stock in a transaction on Thursday, November 1st. The shares were sold at an average price of $177.91, for a total transaction of $2,411,925.87. Following the completion of the sale, the executive vice president now directly owns 22,141 shares in the company, valued at approximately $3,939,105.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ FFIV traded up $0.61 during mid-day trading on Monday, reaching $180.90. The company had a trading volume of 23,367 shares, compared to its average volume of 947,439. The stock has a market cap of $10.96 billion, a PE ratio of 22.37, a PEG ratio of 2.14 and a beta of 0.95. F5 Networks, Inc. has a 52 week low of $119.40 and a 52 week high of $199.71.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 24th. The network technology company reported $2.90 EPS for the quarter, topping the Zacks’ consensus estimate of $2.63 by $0.27. The firm had revenue of $562.71 million for the quarter, compared to analysts’ expectations of $560.72 million. F5 Networks had a net margin of 20.99% and a return on equity of 40.04%. Research analysts forecast that F5 Networks, Inc. will post 8.48 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Morgan Stanley grew its holdings in F5 Networks by 100.2% during the 2nd quarter. Morgan Stanley now owns 449,061 shares of the network technology company’s stock worth $77,440,000 after acquiring an additional 224,792 shares in the last quarter. LSV Asset Management grew its holdings in F5 Networks by 4.4% during the 2nd quarter. LSV Asset Management now owns 854,194 shares of the network technology company’s stock worth $147,305,000 after acquiring an additional 36,068 shares in the last quarter. Private Advisor Group LLC bought a new position in F5 Networks during the 2nd quarter worth about $211,000. California Public Employees Retirement System grew its holdings in F5 Networks by 33.5% during the 2nd quarter. California Public Employees Retirement System now owns 235,282 shares of the network technology company’s stock worth $40,574,000 after acquiring an additional 58,992 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in F5 Networks by 6.6% during the 2nd quarter. CIBC Asset Management Inc now owns 8,383 shares of the network technology company’s stock worth $1,446,000 after acquiring an additional 518 shares in the last quarter. Institutional investors own 98.20% of the company’s stock.
Several equities research analysts have recently weighed in on FFIV shares. Piper Jaffray Companies downgraded shares of F5 Networks from a “neutral” rating to an “underweight” rating and increased their target price for the company from $168.00 to $180.00 in a research note on Monday, October 1st. Credit Suisse Group increased their target price on shares of F5 Networks from $188.00 to $216.00 and gave the company an “outperform” rating in a research note on Wednesday, September 5th. BidaskClub downgraded shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 4th. Standpoint Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, Zacks Investment Research cut shares of F5 Networks from a “buy” rating to a “hold” rating in a report on Tuesday, September 25th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company’s stock. F5 Networks currently has a consensus rating of “Hold” and an average price target of $174.94.
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About F5 Networks
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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