F5 Networks, Inc. (NASDAQ:FFIV) Director Alan Higginson sold 1,633 shares of F5 Networks stock in a transaction on Friday, February 19th. The stock was sold at an average price of $199.01, for a total transaction of $324,983.33. Following the transaction, the director now directly owns 9,840 shares of the company’s stock, valued at $1,958,258.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ:FFIV traded down $6.98 during trading on Tuesday, reaching $185.81. 42,187 shares of the stock were exchanged, compared to its average volume of 833,619. The firm has a market cap of $11.46 billion, a price-to-earnings ratio of 38.40, a price-to-earnings-growth ratio of 2.33 and a beta of 1.13. The stock has a fifty day moving average of $197.94 and a two-hundred day moving average of $157.21. F5 Networks, Inc. has a 1-year low of $79.78 and a 1-year high of $213.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.39 and a quick ratio of 1.37.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, January 25th. The network technology company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.14. The company had revenue of $625.90 million for the quarter, compared to analysts’ expectations of $624.01 million. F5 Networks had a net margin of 13.08% and a return on equity of 19.72%. F5 Networks’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.55 EPS. Sell-side analysts forecast that F5 Networks, Inc. will post 7.16 EPS for the current year.
A number of research firms have commented on FFIV. Royal Bank of Canada lifted their price objective on shares of F5 Networks from $182.00 to $200.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 27th. Cowen boosted their target price on shares of F5 Networks from $223.00 to $255.00 and gave the company an “outperform” rating in a research report on Monday, January 25th. Smith Barney Citigroup boosted their target price on shares of F5 Networks from $165.00 to $190.00 in a research report on Friday, January 8th. Bank of America raised F5 Networks from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $124.00 to $180.00 in a research note on Wednesday, November 25th. Finally, Piper Sandler boosted their price target on F5 Networks from $205.00 to $216.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company’s stock. F5 Networks currently has an average rating of “Buy” and an average price target of $192.74.
A number of institutional investors have recently bought and sold shares of FFIV. BlackRock Inc. boosted its holdings in shares of F5 Networks by 3.1% in the 3rd quarter. BlackRock Inc. now owns 4,911,189 shares of the network technology company’s stock worth $602,946,000 after purchasing an additional 148,057 shares in the last quarter. State Street Corp raised its position in shares of F5 Networks by 1.3% in the 3rd quarter. State Street Corp now owns 3,175,684 shares of the network technology company’s stock worth $389,879,000 after acquiring an additional 42,131 shares in the last quarter. Swedbank lifted its position in F5 Networks by 29.2% during the 4th quarter. Swedbank now owns 1,399,796 shares of the network technology company’s stock valued at $245,888,000 after acquiring an additional 316,694 shares during the period. Alliancebernstein L.P. boosted its stake in F5 Networks by 24.7% in the 4th quarter. Alliancebernstein L.P. now owns 1,103,313 shares of the network technology company’s stock worth $194,117,000 after purchasing an additional 218,555 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in F5 Networks by 57.6% in the 3rd quarter. Acadian Asset Management LLC now owns 1,001,294 shares of the network technology company’s stock worth $122,925,000 after purchasing an additional 365,844 shares in the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.
About F5 Networks
F5 Networks, Inc provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.
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