Stephen Mcmillan Sells 1,972 Shares of F5 Networks, Inc. (NASDAQ:FFIV) Stock

F5 Networks, Inc. (NASDAQ:FFIV) EVP Stephen Mcmillan sold 1,972 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $147.16, for a total transaction of $290,199.52. Following the completion of the transaction, the executive vice president now owns 5,455 shares in the company, valued at approximately $802,757.80. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

NASDAQ FFIV traded down $4.43 during trading on Monday, reaching $134.61. The company’s stock had a trading volume of 514,371 shares, compared to its average volume of 699,019. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05. F5 Networks, Inc. has a 12 month low of $131.53 and a 12 month high of $199.71. The company has a 50 day moving average of $145.23.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, July 24th. The network technology company reported $1.98 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.04 by ($0.06). The business had revenue of $563.39 million during the quarter, compared to the consensus estimate of $556.15 million. F5 Networks had a net margin of 21.03% and a return on equity of 36.33%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.44 EPS. Sell-side analysts forecast that F5 Networks, Inc. will post 8.22 EPS for the current year.

FFIV has been the topic of a number of research reports. ValuEngine upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a research note on Saturday, July 27th. Zacks Investment Research lowered shares of F5 Networks from a “hold” rating to a “sell” rating and set a $162.00 price target on the stock. in a research note on Monday, July 29th. Credit Suisse Group upped their price target on shares of F5 Networks from $188.00 to $191.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. BidaskClub lowered shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Goldman Sachs Group lowered shares of F5 Networks from a “neutral” rating to a “sell” rating and decreased their price target for the company from $165.00 to $120.00 in a research note on Monday, July 8th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $167.24.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Guinness Asset Management Ltd boosted its holdings in F5 Networks by 66.7% in the 2nd quarter. Guinness Asset Management Ltd now owns 170 shares of the network technology company’s stock valued at $25,000 after purchasing an additional 68 shares during the period. Atlas Capital Advisors LLC lifted its holdings in shares of F5 Networks by 306.5% during the 1st quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock worth $29,000 after acquiring an additional 141 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of F5 Networks during the 2nd quarter worth approximately $37,000. Tortoise Index Solutions LLC bought a new stake in shares of F5 Networks during the 1st quarter worth approximately $66,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its stake in F5 Networks by 224.3% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the network technology company’s stock valued at $95,000 after purchasing an additional 415 shares during the last quarter. 99.31% of the stock is owned by hedge funds and other institutional investors.

F5 Networks Company Profile

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

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Insider Buying and Selling by Quarter for F5 Networks (NASDAQ:FFIV)

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