F5 Networks, Inc. (NASDAQ:FFIV) VP Kara Lynn Sprague sold 705 shares of F5 Networks stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $159.50, for a total transaction of $112,447.50. Following the sale, the vice president now owns 7,097 shares of the company’s stock, valued at approximately $1,131,971.50. The sale was disclosed in a document filed with the SEC, which is available through this link.
NASDAQ:FFIV opened at $162.41 on Wednesday. F5 Networks, Inc. has a one year low of $133.14 and a one year high of $199.71. The stock has a market capitalization of $9.68 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, January 23rd. The network technology company reported $2.70 EPS for the quarter, beating the consensus estimate of $2.53 by $0.17. F5 Networks had a net margin of 22.74% and a return on equity of 40.12%. The business had revenue of $543.80 million during the quarter, compared to analyst estimates of $547.39 million. During the same quarter in the previous year, the business posted $2.26 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts expect that F5 Networks, Inc. will post 8.62 earnings per share for the current year.
A number of equities research analysts recently weighed in on FFIV shares. Standpoint Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating in a report on Friday, October 12th. BidaskClub lowered shares of F5 Networks from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. BMO Capital Markets lifted their price objective on shares of F5 Networks from $188.00 to $195.00 and gave the company an “outperform” rating in a report on Thursday, October 25th. Credit Suisse Group lifted their price objective on shares of F5 Networks from $216.00 to $218.00 and gave the company an “outperform” rating in a report on Thursday, October 25th. Finally, MKM Partners lifted their price objective on shares of F5 Networks to $190.00 and gave the company a “neutral” rating in a report on Friday, October 26th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $173.40.
Several hedge funds and other institutional investors have recently bought and sold shares of FFIV. Intercontinental Wealth Advisors LLC purchased a new stake in F5 Networks during the 4th quarter worth approximately $25,000. Highwater Wealth Management LLC purchased a new stake in F5 Networks during the 4th quarter worth approximately $54,000. Arrow Financial Corp purchased a new stake in F5 Networks during the 4th quarter worth approximately $45,000. Oppenheimer Asset Management Inc. purchased a new stake in F5 Networks during the 4th quarter worth approximately $48,000. Finally, Financial Gravity Companies Inc. purchased a new stake in F5 Networks during the 4th quarter worth approximately $65,000. Hedge funds and other institutional investors own 98.23% of the company’s stock.
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F5 Networks Company Profile
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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