Home / Networking / Insider Selling: F5 Networks, Inc. (FFIV) CEO Sells $643,742.00 in Stock – Fairfield Current

Insider Selling: F5 Networks, Inc. (FFIV) CEO Sells $643,742.00 in Stock – Fairfield Current

F5 Networks, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou sold 4,036 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $159.50, for a total transaction of $643,742.00. Following the completion of the sale, the chief executive officer now owns 29,639 shares in the company, valued at $4,727,420.50. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Wednesday, February 6th, Francois Locoh-Donou sold 3,665 shares of F5 Networks stock. The stock was sold at an average price of $162.51, for a total transaction of $595,599.15.

Shares of NASDAQ:FFIV opened at $159.71 on Friday. The firm has a market capitalization of $9.75 billion, a PE ratio of 19.33, a P/E/G ratio of 2.10 and a beta of 0.94. F5 Networks, Inc. has a one year low of $133.89 and a one year high of $199.71.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, January 23rd. The network technology company reported $2.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.53 by $0.17. F5 Networks had a net margin of 22.74% and a return on equity of 40.12%. The company had revenue of $543.80 million for the quarter, compared to analyst estimates of $547.39 million. During the same quarter last year, the firm earned $2.26 EPS. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts expect that F5 Networks, Inc. will post 8.62 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in FFIV. AQR Capital Management LLC grew its holdings in shares of F5 Networks by 66.2% during 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. Janus Henderson Group PLC grew its holdings in shares of F5 Networks by 285.4% during the 3rd quarter. Janus Henderson Group PLC now owns 572,454 shares of the network technology company’s stock valued at $114,159,000 after purchasing an additional 423,915 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of F5 Networks by 138.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 639,008 shares of the network technology company’s stock valued at $127,430,000 after purchasing an additional 370,827 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of F5 Networks by 632.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 400,039 shares of the network technology company’s stock valued at $79,776,000 after purchasing an additional 345,391 shares during the last quarter. Finally, Swedbank grew its holdings in shares of F5 Networks by 110.7% during the 3rd quarter. Swedbank now owns 653,173 shares of the network technology company’s stock valued at $130,256,000 after purchasing an additional 343,240 shares during the last quarter. 98.23% of the stock is currently owned by institutional investors.

A number of equities analysts have recently commented on FFIV shares. Cowen increased their price target on shares of F5 Networks from $186.00 to $196.00 and gave the stock an “outperform” rating in a report on Friday, October 26th. BMO Capital Markets increased their price target on shares of F5 Networks from $188.00 to $195.00 and gave the stock an “outperform” rating in a report on Thursday, October 25th. BidaskClub lowered shares of F5 Networks from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Standpoint Research raised shares of F5 Networks from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $218.00 price target on shares of F5 Networks in a report on Thursday, December 20th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. F5 Networks has an average rating of “Hold” and a consensus target price of $175.18.

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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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