F5 Networks Inc. (NASDAQ:FFIV) Director Alan Higginson sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $137.49, for a total transaction of $412,470.00. Following the sale, the director now directly owns 13,310 shares of the company’s stock, valued at $1,829,991.90. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of F5 Networks Inc. (NASDAQ:FFIV) opened at 139.85 on Friday. F5 Networks Inc. has a one year low of $86.03 and a one year high of $141.83. The firm has a market cap of $9.13 billion, a P/E ratio of 25.99 and a beta of 1.38. The firm’s 50-day moving average price is $125.66 and its 200 day moving average price is $118.63.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, October 26th. The network technology company reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.17. The business had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $520.45 million. F5 Networks had a return on equity of 31.79% and a net margin of 18.34%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.84 EPS. Analysts predict that F5 Networks Inc. will post $8.30 EPS for the current year.

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

A number of research analysts have commented on FFIV shares. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of F5 Networks in a research note on Thursday, July 21st. Jefferies Group increased their price objective on shares of F5 Networks from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, October 27th. Royal Bank Of Canada increased their price objective on shares of F5 Networks from $110.00 to $115.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 20th. Piper Jaffray Cos. upgraded shares of F5 Networks from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $125.00 to $141.00 in a research note on Thursday, October 27th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $125.00 price objective (up from $104.00) on shares of F5 Networks in a research note on Friday, July 22nd. One research analyst has rated the stock with a sell rating, twenty-two have given a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $120.01.

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its stake in shares of F5 Networks by 2.7% in the first quarter. Geode Capital Management LLC now owns 665,984 shares of the network technology company’s stock worth $70,372,000 after buying an additional 17,617 shares during the period. Invictus RG boosted its stake in shares of F5 Networks by 620.0% in the first quarter. Invictus RG now owns 1,440 shares of the network technology company’s stock worth $152,000 after buying an additional 1,240 shares during the period. Bayesian Capital Management LP bought a new stake in shares of F5 Networks during the first quarter worth about $455,000. Legal & General Group Plc boosted its stake in shares of F5 Networks by 0.5% in the first quarter. Legal & General Group Plc now owns 294,137 shares of the network technology company’s stock worth $31,135,000 after buying an additional 1,514 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of F5 Networks by 10.5% in the first quarter. Envestnet Asset Management Inc. now owns 68,173 shares of the network technology company’s stock worth $7,216,000 after buying an additional 6,484 shares during the period. 95.21% of the stock is currently owned by institutional investors and hedge funds.

About F5 Networks

F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.

5 Day Chart for NASDAQ:FFIV

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