F5 (NASDAQ:FFIV) CTO Sells 1,297 Shares of Stock

by · The Cerbat Gem

F5, Inc. (NASDAQ:FFIV – Get Free Report) CTO Michael Montoya sold 1,297 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $329.68, for a total value of $427,594.96. Following the completion of the transaction, the chief technology officer owned 1,309 shares in the company, valued at $431,551.12. The trade was a 49.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

F5 Trading Down 5.5%

Shares of NASDAQ FFIV traded down $17.98 during midday trading on Thursday, hitting $311.74. The stock had a trading volume of 1,380,704 shares, compared to its average volume of 751,325. The company’s 50-day simple moving average is $425.41 and its 200 day simple moving average is $363.56. The firm has a market cap of $17.65 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.07. F5, Inc. has a fifty-two week low of $223.76 and a fifty-two week high of $483.30. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.73 and a quick ratio of 1.59.

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

F5 announced that its Board of Directors has approved a share buyback program on Tuesday, October 27th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the network technology company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts have weighed in on FFIV shares. Weiss Ratings cut F5 from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Wall Street Zen raised shares of F5 from a “hold” rating to a “buy” rating in a research note on Saturday, August 1st. Needham & Company LLC reiterated a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. Wells Fargo & Company set a $500.00 price target on shares of F5 in a research note on Wednesday, October 28th. Finally, Evercore restated an “outperform” rating on shares of F5 in a report on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $443.00.

View Our Latest Report on F5

Institutional Investors Weigh In On F5

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FFIV. Persistent Asset Partners Ltd bought a new position in F5 during the second quarter worth about $36,000. Bell Investment Advisors Inc bought a new stake in shares of F5 in the 2nd quarter valued at about $49,000. Elevation Wealth Partners LLC raised its position in shares of F5 by 373.1% in the 2nd quarter. Elevation Wealth Partners LLC now owns 123 shares of the network technology company’s stock valued at $51,000 after acquiring an additional 97 shares during the period. Jacobi Capital Management LLC acquired a new stake in shares of F5 in the 3rd quarter valued at approximately $53,000. Finally, Root Financial Partners LLC boosted its stake in F5 by 91.4% during the 1st quarter. Root Financial Partners LLC now owns 201 shares of the network technology company’s stock worth $58,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Company Profile

(Get Free Report)

F5, Inc (NASDAQ: FFIV) provides application delivery, security and traffic management solutions for enterprises, service providers and public-sector organizations. Its offerings are designed to help customers secure, optimize and manage applications and application programming interfaces (APIs) across data centers, private and public clouds, and edge environments.

The company’s portfolio includes BIG-IP software and appliances, NGINX application delivery and web server technologies, and F5 Distributed Cloud services.

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