F5 Networks, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou Sells 2,578 Shares

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F5 Networks, Inc. (NASDAQ:FFIV) CEO Francois Locoh-Donou sold 2,578 shares of F5 Networks stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $141.01, for a total value of $363,523.78. Following the completion of the sale, the chief executive officer now owns 31,524 shares of the company’s stock, valued at $4,445,199.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Friday, August 2nd, Francois Locoh-Donou sold 4,037 shares of F5 Networks stock. The shares were sold at an average price of $142.72, for a total value of $576,160.64.

FFIV opened at $138.20 on Friday. The business’s 50-day moving average is $132.80 and its two-hundred day moving average is $145.95. F5 Networks, Inc. has a 1 year low of $121.36 and a 1 year high of $199.71. The firm has a market capitalization of $8.36 billion, a PE ratio of 16.02, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06.

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

Several analysts recently weighed in on the company. Craig Hallum assumed coverage on F5 Networks in a report on Tuesday, September 10th. They issued a “buy” rating and a $168.00 price objective for the company. Credit Suisse Group lifted their price objective on F5 Networks from $188.00 to $191.00 and gave the company an “outperform” rating in a report on Thursday, July 25th. Piper Jaffray Companies upgraded F5 Networks from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $161.00 to $166.00 in a report on Monday, September 9th. Evercore ISI assumed coverage on F5 Networks in a report on Wednesday, September 11th. They issued an “inline” rating and a $140.00 price objective for the company. Finally, ValuEngine upgraded F5 Networks from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $162.99.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of F5 Networks by 1.0% during the second quarter. Vanguard Group Inc. now owns 6,648,632 shares of the network technology company’s stock worth $968,241,000 after acquiring an additional 68,945 shares during the last quarter. BlackRock Inc. grew its stake in shares of F5 Networks by 1.4% during the first quarter. BlackRock Inc. now owns 5,448,618 shares of the network technology company’s stock worth $855,052,000 after acquiring an additional 74,802 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of F5 Networks by 17.1% during the second quarter. AQR Capital Management LLC now owns 2,234,162 shares of the network technology company’s stock worth $321,474,000 after acquiring an additional 326,237 shares during the last quarter. FMR LLC boosted its position in F5 Networks by 5.6% in the first quarter. FMR LLC now owns 1,200,441 shares of the network technology company’s stock valued at $188,386,000 after buying an additional 63,919 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in F5 Networks by 7.0% in the fourth quarter. Geode Capital Management LLC now owns 1,094,712 shares of the network technology company’s stock valued at $177,152,000 after buying an additional 72,027 shares during the last quarter. Institutional investors and hedge funds own 93.86% of the company’s stock.

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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