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

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

Shares of NASDAQ:FFIV opened at $134.00 on Thursday. The firm has a market capitalization of $8.09 billion, a P/E ratio of 15.51, a P/E/G ratio of 1.94 and a beta of 1.05. F5 Networks, Inc. has a 52 week low of $131.32 and a 52 week high of $199.71. The firm has a 50-day moving average price of $145.01.

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

A number of large investors have recently made changes to their positions in the stock. Guinness Asset Management Ltd lifted its position in F5 Networks by 66.7% in the second 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. LS Investment Advisors LLC lifted its position in shares of F5 Networks by 3.2% during the 1st quarter. LS Investment Advisors LLC now owns 2,402 shares of the network technology company’s stock valued at $377,000 after acquiring an additional 75 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of F5 Networks by 1.3% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 6,354 shares of the network technology company’s stock valued at $997,000 after acquiring an additional 80 shares during the period. FDx Advisors Inc. lifted its position in shares of F5 Networks by 6.3% during the 2nd quarter. FDx Advisors Inc. now owns 1,541 shares of the network technology company’s stock valued at $224,000 after acquiring an additional 92 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its position in shares of F5 Networks by 2.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,033 shares of the network technology company’s stock valued at $587,000 after acquiring an additional 101 shares during the period. Hedge funds and other institutional investors own 99.31% of the company’s stock.

FFIV has been the subject of several recent research reports. Goldman Sachs Group downgraded shares of F5 Networks from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $165.00 to $120.00 in a research note on Monday, July 8th. Credit Suisse Group increased their target price on shares of F5 Networks from $188.00 to $191.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. BidaskClub downgraded shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded shares of F5 Networks from a “hold” rating to a “sell” rating and set a $162.00 target price for the company. in a research note on Monday, July 29th. Finally, Barclays initiated coverage on shares of F5 Networks in a research note on Wednesday. They set an “overweight” rating for the company. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $167.24.

About F5 Networks

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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