F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer Sells 500 Shares

F5, Inc. (NASDAQ:FFIV) CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $178.81, for a total transaction of $89,405.00. Following the completion of the transaction, the chief financial officer now owns 31,290 shares in the company, valued at $5,594,964.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

F5 Stock Performance

Shares of NASDAQ FFIV traded up $2.12 during mid-day trading on Wednesday, reaching $182.35. 486,164 shares of the company’s stock were exchanged, compared to its average volume of 434,242. F5, Inc. has a 52-week low of $129.93 and a 52-week high of $199.49. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 2.64 and a beta of 1.11. The company’s 50-day moving average is $187.74 and its 200-day moving average is $176.00.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $3.04 by $0.39. F5 had a net margin of 16.43% and a return on equity of 20.81%. The firm had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. During the same period in the prior year, the firm earned $1.65 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. As a group, equities analysts predict that F5, Inc. will post 9.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On F5

Institutional investors have recently added to or reduced their stakes in the business. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of F5 during the fourth quarter worth $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in F5 in the fourth quarter valued at about $34,000. Register Financial Advisors LLC acquired a new position in F5 during the 1st quarter worth approximately $38,000. Washington Trust Advisors Inc. purchased a new position in shares of F5 during the 4th quarter worth approximately $36,000. Finally, Janiczek Wealth Management LLC lifted its holdings in shares of F5 by 56.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock valued at $46,000 after buying an additional 93 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

Analyst Upgrades and Downgrades

FFIV has been the topic of several research reports. The Goldman Sachs Group upped their target price on F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $204.00 target price on shares of F5 in a research note on Friday, February 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price objective on shares of F5 in a report on Tuesday, February 13th. Barclays increased their target price on shares of F5 from $163.00 to $206.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Piper Sandler lifted their price target on F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $192.22.

F5 Company Profile

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.