Insider Selling: F5, Inc. (NASDAQ:FFIV) Director Sells 1,500 Shares of Stock

F5, Inc. (NASDAQ:FFIV) Director Elizabeth Buse sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the transaction, the director now owns 5,013 shares in the company, valued at $1,471,465.89. This represents a 23.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

F5 Stock Performance

NASDAQ FFIV opened at $286.61 on Friday. F5, Inc. has a fifty-two week low of $165.68 and a fifty-two week high of $313.00. The stock has a 50 day simple moving average of $274.73 and a two-hundred day simple moving average of $272.38. The stock has a market cap of $16.46 billion, a P/E ratio of 28.49, a price-to-earnings-growth ratio of 3.85 and a beta of 1.00.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.31. F5 had a return on equity of 20.98% and a net margin of 20.58%. The firm had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same quarter in the prior year, the company earned $2.91 EPS. The business’s revenue was up 7.3% compared to the same quarter last year. Sell-side analysts predict that F5, Inc. will post 11.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. William Blair reiterated an “outperform” rating on shares of F5 in a report on Tuesday, April 29th. Royal Bank of Canada reiterated a “sector perform” rating and set a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. Morgan Stanley lifted their price target on F5 from $269.00 to $280.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price target on F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Finally, Wall Street Zen lowered F5 from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 22nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, F5 currently has an average rating of “Hold” and a consensus target price of $282.56.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC increased its holdings in shares of F5 by 34,698.9% in the 1st quarter. GAMMA Investing LLC now owns 746,089 shares of the network technology company’s stock worth $198,661,000 after purchasing an additional 743,945 shares in the last quarter. Norges Bank bought a new stake in shares of F5 in the 4th quarter worth $171,127,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of F5 by 598.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 425,275 shares of the network technology company’s stock worth $106,944,000 after purchasing an additional 364,372 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its holdings in shares of F5 by 6.2% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 5,387,700 shares of the network technology company’s stock worth $1,434,583,000 after purchasing an additional 312,415 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of F5 by 110.4% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 560,493 shares of the network technology company’s stock worth $149,242,000 after purchasing an additional 294,050 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

About F5

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.