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 business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $188.35, for a total transaction of $273,107.50. Following the completion of the sale, the chief executive officer now owns 124,022 shares in the company, valued at $23,359,543.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Wednesday, July 3rd, Francois Locoh-Donou sold 1,450 shares of F5 stock. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50.
• 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 transaction of $245,847.50.

F5 Price Performance

Shares of FFIV opened at $189.35 on Friday. The company has a market capitalization of $11.10 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 2.49 and a beta of 1.08. F5, Inc. has a fifty-two week low of $145.45 and a fifty-two week high of $205.92. The business’s 50-day moving average is $174.90 and its 200-day moving average is $179.91.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. The company had revenue of $695.50 million for the quarter, compared to the consensus estimate of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.46 EPS. Equities research analysts expect that F5, Inc. will post 10.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Piper Sandler boosted their price target on shares of F5 from $167.00 to $186.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price target on shares of F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Evercore ISI boosted their price objective on F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a report on Tuesday, July 30th. Barclays boosted their price objective on F5 from $189.00 to $214.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada boosted their price objective on F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, F5 currently has an average rating of “Hold” and an average price target of $200.89.

Hedge Funds Weigh In On F5

Large investors have recently made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of F5 in the 4th quarter valued at about $25,000. New Covenant Trust Company N.A. bought a new stake in shares of F5 in the 1st quarter valued at approximately $27,000. Family Firm Inc. bought a new stake in shares of F5 in the 2nd quarter valued at approximately $25,000. Quest Partners LLC grew its stake in shares of F5 by 9,100.0% in the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after buying an additional 182 shares in the last quarter. Finally, Pacific Capital Wealth Advisors Inc. bought a new stake in shares of F5 in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 90.66% of the company’s stock.

About F5

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.