F5 (NASDAQ:FFIV) Insider Sells $200,593.14 in Stock

F5, Inc. (NASDAQ:FFIV) insider John Maddison sold 619 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $324.06, for a total transaction of $200,593.14. Following the completion of the transaction, the insider owned 1,566 shares in the company, valued at $507,477.96. This trade represents a 28.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

John Anthony Maddison also recently made the following trade(s):

• On Monday, September 14th, John Maddison sold 204 shares of F5 stock. The shares were sold at an average price of $406.24, for a total transaction of $82,872.96.

F5 Stock Performance

Shares of NASDAQ FFIV opened at $310.84 on Friday. F5, Inc. has a 12-month low of $223.76 and a 12-month high of $483.30. The firm has a market capitalization of $17.60 billion, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 2.76 and a beta of 1.07. The company has a current ratio of 1.73, a quick ratio of 1.59 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $421.67 and a 200 day moving average of $364.03.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Tuesday, October 27th. The network technology company reported $4.42 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.16. The business had revenue of $917.43 million for the quarter, compared to the consensus estimate of $884.03 million. F5 had a net margin of 21.14% and a return on equity of 21.00%. The company’s quarterly revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm earned $4.39 earnings per share. On average, research analysts anticipate that F5, Inc. will post 14.19 earnings per share for the current year.

F5 announced that its board has approved a stock repurchase program on Tuesday, October 27th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the network technology company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

More F5 News

Here are the key news stories impacting F5 this week:

• Positive Sentiment: F5’s board authorized a $1.5 billion share-repurchase program, which could support demand for shares. The company also recently beat quarterly earnings and revenue estimates, with revenue up 13.2% year over year.
• Neutral Sentiment: An article noted recent options-market activity in FFIV but did not specify whether trading was bullish or bearish, so its significance is unclear. Do Options Traders Know Something About F5 Stock We Don’t?
• Negative Sentiment: Seven F5 executives and insiders sold roughly $7.2 million in shares in transactions dated November 3–4, including the CFO, CTOs and EVPs. The sales could create near-term concern, though they were made under pre-arranged Rule 10b5-1 plans, which can reduce their significance as a signal about executives’ views of the company. Insider Selling: F5 CFO Sells Shares

Analyst Ratings Changes

FFIV has been the topic of several analyst reports. Piper Sandler downgraded F5 from an “overweight” rating to a “neutral” rating and set a $461.00 target price on the stock. in a research report on Wednesday, October 28th. Wells Fargo & Company set a $500.00 price target on F5 in a research report on Wednesday, October 28th. Wall Street Zen upgraded F5 from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Zacks Research downgraded F5 from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. Finally, Evercore reaffirmed an “outperform” rating on shares of F5 in a research report on Wednesday, October 28th. Four research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, F5 currently has a consensus rating of “Hold” and a consensus price target of $443.00.

Institutional Trading of F5

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of F5 during the 2nd quarter valued at $2,611,637,000. Robeco Institutional Asset Management B.V. boosted its holdings in F5 by 23.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 732,219 shares of the network technology company’s stock worth $325,969,000 after buying an additional 141,131 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in F5 by 24.8% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 726,844 shares of the network technology company’s stock worth $302,338,000 after buying an additional 144,534 shares in the last quarter. William Blair Investment Management LLC purchased a new stake in F5 in the 2nd quarter worth $243,865,000. Finally, Amundi increased its stake in F5 by 96.0% in the 2nd quarter. Amundi now owns 555,809 shares of the network technology company’s stock worth $231,194,000 after buying an additional 272,273 shares in the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.

F5 Company Profile

F5, Inc provides application delivery and security solutions that help organizations manage, protect and optimize applications across data centers, public clouds and edge environments. Its offerings serve businesses, government agencies and service providers around the world.

The company’s products and services include BIG-IP application delivery and security software, NGINX technologies for application development and delivery, and F5 Distributed Cloud Services. These offerings support functions such as traffic management, web and API protection, application security and multicloud connectivity.

Founded in 1996 and headquartered in Seattle, F5 was previously known as F5 Networks before adopting the F5 name in 2021.