F5 Networks, Inc. (FFIV) Director Sells $1,508,906.00 in Stock

F5 Networks, Inc. (NASDAQ:FFIV) Director Sandra E. Bergeron sold 8,900 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $169.54, for a total transaction of $1,508,906.00. Following the transaction, the director now owns 2,000 shares of the company’s stock, valued at $339,080. The transaction was disclosed in a filing with the SEC, which is available through this link.

FFIV opened at $168.12 on Friday. F5 Networks, Inc. has a fifty-two week low of $121.71 and a fifty-two week high of $199.71. The company has a market cap of $10.26 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.01 and a beta of 0.95.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, October 24th. The network technology company reported $2.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.63 by $0.27. F5 Networks had a net margin of 20.99% and a return on equity of 40.04%. The firm had revenue of $562.71 million for the quarter, compared to analyst estimates of $560.72 million. On average, equities analysts predict that F5 Networks, Inc. will post 8.48 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of F5 Networks by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 6,537,476 shares of the network technology company’s stock valued at $1,303,703,000 after purchasing an additional 158,995 shares during the last quarter. BlackRock Inc. boosted its stake in shares of F5 Networks by 1.7% in the 3rd quarter. BlackRock Inc. now owns 5,156,859 shares of the network technology company’s stock valued at $1,028,380,000 after purchasing an additional 85,994 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of F5 Networks by 11.7% in the 3rd quarter. Renaissance Technologies LLC now owns 2,019,774 shares of the network technology company’s stock valued at $402,783,000 after purchasing an additional 211,800 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of F5 Networks by 66.2% in the 3rd quarter. AQR Capital Management LLC now owns 1,806,836 shares of the network technology company’s stock valued at $360,319,000 after purchasing an additional 719,638 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of F5 Networks by 1.3% in the 3rd quarter. Bank of Montreal Can now owns 1,391,872 shares of the network technology company’s stock valued at $277,567,000 after purchasing an additional 18,476 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on FFIV. Cowen upped their price objective on shares of F5 Networks from $186.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, October 26th. BidaskClub upgraded shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. BMO Capital Markets upped their price objective on shares of F5 Networks from $188.00 to $195.00 and gave the stock an “outperform” rating in a research report on Thursday, October 25th. Standpoint Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Finally, MKM Partners upped their price objective on shares of F5 Networks to $190.00 and gave the stock a “neutral” rating in a research report on Friday, October 26th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. F5 Networks currently has a consensus rating of “Hold” and an average target price of $174.41.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by WKRB News and is the sole property of of WKRB News. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.wkrb13.com/2018/11/24/f5-networks-inc-ffiv-director-sells-1508906-00-in-stock.html.

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.

Featured Article: The risks of owning bonds

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

Receive News & Ratings for F5 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply