F5, Inc. (NASDAQ:FFIV – Get Free Report) EVP Angelique Okeke sold 1,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The shares were sold at an average price of $324.06, for a total value of $326,328.42. Following the completion of the sale, the executive vice president owned 2,862 shares in the company, valued at approximately $927,459.72. This represents a 26.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
F5 Stock Performance
FFIV traded down $17.98 during trading on Thursday, reaching $311.74. 1,380,704 shares of the company’s stock were exchanged, compared to its average volume of 751,325. F5, Inc. has a 1 year low of $223.76 and a 1 year 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. The stock has a market capitalization 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. The company’s fifty day simple moving average is $425.41 and its 200-day simple moving average is $363.56.
F5 (NASDAQ:FFIV – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The network technology company reported $4.42 EPS for the quarter, beating the consensus estimate of $4.26 by $0.16. The business had revenue of $917.43 million during the quarter, compared to analysts’ expectations of $884.03 million. F5 had a net margin of 21.14% and a return on equity of 21.00%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period in the previous year, the business posted $4.39 EPS. As a group, research analysts predict that F5, Inc. will post 14.19 earnings per share for the current fiscal year.
F5 declared that its Board of Directors has initiated a stock buyback program on Tuesday, October 27th that allows the company to repurchase $1.50 billion in outstanding shares. This buyback authorization allows the network technology company to buy shares of its stock through open market purchases. Share buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
Analyst Ratings Changes
A number of research firms recently issued reports on FFIV. Needham & Company LLC restated a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. Wolfe Research downgraded F5 from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 29th. Wells Fargo & Company set a $500.00 price objective on F5 in a research note on Wednesday, October 28th. Piper Sandler cut F5 from an “overweight” rating to a “neutral” rating and set a $461.00 price objective for the company. in a report on Wednesday, October 28th. Finally, Barclays restated a “mixed” rating on shares of F5 in a research note 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $443.00.
View Our Latest Research Report on FFIV
Hedge Funds Weigh In On F5
Institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in F5 during the second quarter worth $2,611,637,000. Robeco Institutional Asset Management B.V. grew its position in F5 by 23.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 732,219 shares of the network technology company’s stock valued at $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 grew its position in F5 by 24.8% during the second 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 valued at $302,338,000 after buying an additional 144,534 shares during the period. Dimensional Fund Advisors LP increased its holdings in F5 by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 603,086 shares of the network technology company’s stock valued at $174,463,000 after buying an additional 4,296 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new position in F5 in the second quarter valued at $243,865,000. 90.66% of the stock is owned by hedge funds and other institutional investors.
F5 Company Profile
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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