F5, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou Sells 1,450 Shares

F5, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total value of $249,327.50. Following the completion of the sale, the chief executive officer now owns 121,462 shares in the company, valued at approximately $20,885,390.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Francois Locoh-Donou also recently made the following trade(s):

• On Monday, June 3rd, Francois Locoh-Donou sold 1,450 shares of F5 stock. The stock was sold at an average price of $169.55, for a total value of $245,847.50.
• On Friday, May 3rd, Francois Locoh-Donou sold 1,450 shares of F5 stock. The stock was sold at an average price of $168.11, for a total value of $243,759.50.

F5 Trading Down 1.1 %

F5 stock traded down $1.82 during mid-day trading on Wednesday, hitting $170.49. The company’s stock had a trading volume of 179,459 shares, compared to its average volume of 490,223. F5, Inc. has a 1 year low of $142.16 and a 1 year high of $199.49. The stock’s fifty day moving average is $170.49 and its two-hundred day moving average is $179.38. The firm has a market capitalization of $9.99 billion, a PE ratio of 20.41, a price-to-earnings-growth ratio of 2.29 and a beta of 1.08.

F5 (NASDAQ:FFIV) last released its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.88 by $0.03. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period last year, the business posted $1.70 earnings per share. On average, equities analysts expect that F5, Inc. will post 9.64 EPS for the current fiscal year.

Institutional Trading of F5

A number of hedge funds and other institutional investors have recently made changes to their positions in FFIV. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of F5 during the fourth quarter worth about $25,000. New Covenant Trust Company N.A. purchased a new position in shares of F5 during the first quarter worth about $27,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of F5 during the fourth quarter worth about $34,000. Washington Trust Advisors Inc. purchased a new position in shares of F5 during the fourth quarter worth about $36,000. Finally, Register Financial Advisors LLC purchased a new position in shares of F5 during the first quarter worth about $38,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

Wall Street Analysts Forecast Growth

FFIV has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Royal Bank of Canada reduced their target price on F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a report on Tuesday, April 30th. Evercore ISI reduced their target price on F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a report on Tuesday, April 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $220.00 price target on shares of F5 in a report on Tuesday, April 30th. Finally, Barclays cut their price target on F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, F5 currently has a consensus rating of “Hold” and an average price target of $185.10.

F5 Company Profile

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.