F5, Inc. (NASDAQ:FFIV – Get Free Report) CFO Edward Werner sold 599 shares of the company’s stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $324.06, for a total transaction of $194,111.94. Following the completion of the sale, the chief financial officer owned 2,851 shares of the company’s stock, valued at $923,895.06. This represents a 17.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
F5 Trading Down 0.3%
FFIV opened at $310.84 on Friday. F5, Inc. has a 1-year low of $223.76 and a 1-year high of $483.30. The company has a market cap of $17.60 billion, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 2.88 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 company has a fifty day moving average price of $421.67 and a two-hundred day moving average price of $364.03.
F5 (NASDAQ:FFIV – Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The network technology company reported $4.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.26 by $0.16. The business had revenue of $917.43 million during the quarter, compared to analyst estimates of $884.03 million. F5 had a net margin of 21.14% and a return on equity of 21.00%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the firm posted $4.39 EPS. Analysts predict that F5, Inc. will post 14.19 EPS for the current fiscal year.
F5 declared that its board has initiated a share buyback program on Tuesday, October 27th that permits the company to buy back $1.50 billion in shares. This repurchase authorization permits the network technology company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
Trending Headlines about F5
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
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Weiss Ratings lowered F5 from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday. Morgan Stanley raised their target price on F5 from $415.00 to $448.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. Needham & Company LLC restated a “hold” rating on shares of F5 in a research report on Tuesday, July 28th. Evercore reissued an “outperform” rating on shares of F5 in a report on Wednesday, October 28th. Finally, JPMorgan Chase & Co. boosted their price target on F5 from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $443.00.
Get Our Latest Stock Analysis on F5
Institutional Trading of F5
Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. acquired a new position in shares of F5 in the 2nd quarter valued at about $2,611,637,000. Robeco Institutional Asset Management B.V. raised its stake in shares of F5 by 23.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 732,219 shares of the network technology company’s stock worth $325,969,000 after purchasing an additional 141,131 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in F5 by 24.8% during 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 acquiring an additional 144,534 shares during the last quarter. William Blair Investment Management LLC purchased a new position in shares of F5 during the 2nd quarter worth $243,865,000. Finally, Amundi increased its position in F5 by 96.0% during the 2nd quarter. Amundi now owns 555,809 shares of the network technology company’s stock valued at $231,194,000 after purchasing an additional 272,273 shares during the period. 90.66% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than F5
- Q3 Earnings Have Investors Wondering: Is Mercado Libre Finally a Buy?
- CVS Raised Its Outlook and Announced a Breakup—So Why Did the Stock Drop?
- Array and Shoals Are Merging: Who Really Wins the All-Stock Solar Deal?
- Duolingo’s User Growth Is Outpacing Bookings, But Is Its Strategy Paying Off?
Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.
