F5 Networks, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou sold 6,118 shares of the stock in a transaction on Friday, November 2nd. The shares were sold at an average price of $177.32, for a total value of $1,084,843.76. Following the completion of the sale, the chief executive officer now directly owns 21,961 shares of the company’s stock, valued at $3,894,124.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Francois Locoh-Donou also recently made the following trade(s):
- On Tuesday, November 6th, Francois Locoh-Donou sold 8,530 shares of F5 Networks stock. The shares were sold at an average price of $178.04, for a total value of $1,518,681.20.
Shares of FFIV stock traded up $0.60 on Tuesday, hitting $181.42. 328,309 shares of the stock were exchanged, compared to its average volume of 721,863. The company has a market capitalization of $10.96 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.14 and a beta of 0.95. F5 Networks, Inc. has a one year low of $119.40 and a one year 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 earnings per share for the quarter, topping the consensus estimate of $2.63 by $0.27. The company had revenue of $562.71 million during the quarter, compared to the consensus estimate of $560.72 million. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. On average, analysts predict that F5 Networks, Inc. will post 8.48 EPS for the current fiscal year.
FFIV has been the subject of a number of recent analyst reports. Cowen upped their price objective on F5 Networks from $186.00 to $196.00 and gave the company an “outperform” rating in a research note on Friday, October 26th. MKM Partners upped their price objective on F5 Networks to $190.00 and gave the company a “neutral” rating in a research note on Friday, October 26th. Credit Suisse Group upped their price objective on F5 Networks from $216.00 to $218.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. BMO Capital Markets upped their price objective on F5 Networks from $188.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. Finally, BidaskClub downgraded F5 Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $174.94.
Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of F5 Networks by 10.5% during the 2nd quarter. BlackRock Inc. now owns 5,070,865 shares of the network technology company’s stock worth $874,472,000 after acquiring an additional 481,489 shares during the period. Renaissance Technologies LLC grew its stake in shares of F5 Networks by 0.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,807,974 shares of the network technology company’s stock worth $311,785,000 after acquiring an additional 9,200 shares during the period. Bank of Montreal Can grew its stake in shares of F5 Networks by 1.3% during the 3rd quarter. Bank of Montreal Can now owns 1,391,872 shares of the network technology company’s stock worth $277,567,000 after acquiring an additional 18,476 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd grew its stake in shares of F5 Networks by 42.5% during the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,098,760 shares of the network technology company’s stock worth $219,114,000 after acquiring an additional 327,447 shares during the period. Finally, First Trust Advisors LP grew its stake in shares of F5 Networks by 45.1% during the 3rd quarter. First Trust Advisors LP now owns 886,850 shares of the network technology company’s stock worth $176,856,000 after acquiring an additional 275,849 shares during the period. Institutional investors own 98.20% of the company’s stock.
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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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