Insider Selling: F5 Networks, Inc. (NASDAQ:FFIV) CFO Sells 6,215 Shares of Stock
F5 Networks, Inc. (NASDAQ:FFIV) CFO Andrew Reinland sold 6,215 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total value of $747,478.05. Following the completion of the sale, the chief financial officer now owns 20,601 shares in the company, valued at approximately $2,477,682.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
F5 Networks, Inc. (NASDAQ FFIV) traded up 0.46% during mid-day trading on Thursday, hitting $119.63. The company had a trading volume of 889,609 shares. The stock has a 50 day moving average price of $127.32 and a 200-day moving average price of $134.68. F5 Networks, Inc. has a 1-year low of $114.45 and a 1-year high of $149.50. The stock has a market capitalization of $7.60 billion, a PE ratio of 20.45 and a beta of 1.16.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting the consensus estimate of $2.03. The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 EPS. On average, analysts forecast that F5 Networks, Inc. will post $8.17 earnings per share for the current year.
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Institutional investors have recently modified their holdings of the stock. OppenheimerFunds Inc. raised its position in shares of F5 Networks by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock valued at $243,000 after buying an additional 98 shares during the last quarter. Soros Fund Management LLC acquired a new position in shares of F5 Networks during the first quarter valued at about $385,000. American Beacon Advisors Inc. acquired a new position in shares of F5 Networks during the first quarter valued at about $153,000. Winslow Evans & Crocker Inc. raised its position in shares of F5 Networks by 0.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,418 shares of the network technology company’s stock valued at $345,000 after buying an additional 14 shares during the last quarter. Finally, CFO4Life Group LLC acquired a new position in shares of F5 Networks during the first quarter valued at about $413,000. Institutional investors own 94.75% of the company’s stock.
A number of equities research analysts recently issued reports on FFIV shares. Robert W. Baird reiterated a “hold” rating on shares of F5 Networks in a research report on Thursday, July 27th. BMO Capital Markets restated an “outperform” rating and set a $124.00 price target (down previously from $132.00) on shares of F5 Networks in a research report on Thursday, July 27th. Drexel Hamilton restated a “buy” rating and set a $160.00 price target on shares of F5 Networks in a research report on Friday, July 21st. Credit Suisse Group set a $138.00 price target on F5 Networks and gave the company a “hold” rating in a research report on Thursday, April 20th. Finally, Morgan Stanley lowered their price target on F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Friday, April 28th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. F5 Networks presently has a consensus rating of “Hold” and an average price target of $132.00.
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.
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