Key Points
- CEO Francois Locoh-Donou sold 3,783 F5 shares for about $1.19 million at an average price of $313.70. The sale was made under a pre-arranged Rule 10b5-1 plan; he retained 185,683 shares.
- F5 reported quarterly EPS of $4.42, above the $4.26 analyst consensus, while revenue of $917.43 million beat expectations and rose 13.2% year over year. The board also authorized a $1.5 billion share repurchase program.
- Analysts’ consensus rating was Hold, with an average price target of $443; shares opened at $317.75 in the article’s cited session.
F5, Inc. (NASDAQ:FFIV - Get Free Report) CEO Francois Locoh-Donou sold 3,783 shares of F5 stock in a transaction that occurred on Thursday, November 5th. The shares were sold at an average price of $313.70, for a total transaction of $1,186,727.10. Following the transaction, the chief executive officer directly owned 185,683 shares in the company, valued at approximately $58,248,757.10. The trade was a 2.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
F5 Stock Performance
Shares of NASDAQ:FFIV opened at $317.75 on Tuesday. The firm has a 50 day moving average of $420.14 and a 200 day moving average of $364.31. The company has a quick ratio of 1.59, a current ratio of 1.73 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $17.99 billion, a price-to-earnings ratio of 25.36, a price-to-earnings-growth ratio of 2.92 and a beta of 1.07. F5, Inc. has a 52 week low of $223.76 and a 52 week high of $483.30.
F5 (NASDAQ:FFIV - Get Free Report) last announced its earnings results on Tuesday, October 27th. The network technology company reported $4.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.16. F5 had a return on equity of 21.00% and a net margin of 21.14%. The business had revenue of $917.43 million for the quarter, compared to analysts' expectations of $884.03 million. During the same quarter last year, the firm earned $4.39 EPS. The business's revenue for the quarter was up 13.2% on a year-over-year basis. On average, sell-side analysts predict that F5, Inc. will post 14.19 earnings per share for the current fiscal year.
F5 announced that its Board of Directors has authorized a share repurchase program on Tuesday, October 27th that authorizes the company to repurchase $1.50 billion in shares. This buyback authorization authorizes the network technology company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the company. Piper Sandler downgraded F5 from an "overweight" rating to a "neutral" rating and set a $461.00 price objective on the stock. in a research report on Wednesday, October 28th. Wells Fargo & Company set a $500.00 target price on shares of F5 in a report on Wednesday, October 28th. Wall Street Zen upgraded shares of F5 from a "hold" rating to a "buy" rating in a report on Saturday, August 1st. Royal Bank Of Canada increased their price target on shares of F5 from $525.00 to $540.00 and gave the company an "outperform" rating in a research report on Wednesday, October 28th. Finally, Barclays restated a "mixed" rating on shares of F5 in a report on Wednesday, October 28th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $443.00.
Check Out Our Latest Report on F5
Hedge Funds Weigh In On F5
Several institutional investors and hedge funds have recently bought and sold shares of the company. Mather Group LLC. lifted its stake in shares of F5 by 2.5% during the 3rd quarter. Mather Group LLC. now owns 1,365 shares of the network technology company's stock worth $608,000 after purchasing an additional 33 shares during the period. Hantz Financial Services Inc. grew its position in shares of F5 by 19.8% in the third quarter. Hantz Financial Services Inc. now owns 278 shares of the network technology company's stock valued at $124,000 after purchasing an additional 46 shares during the period. Kesler Norman & Wride LLC grew its position in shares of F5 by 1.4% in the first quarter. Kesler Norman & Wride LLC now owns 3,718 shares of the network technology company's stock valued at $1,076,000 after purchasing an additional 52 shares during the period. Allworth Financial LP grew its position in shares of F5 by 6.7% in the third quarter. Allworth Financial LP now owns 831 shares of the network technology company's stock valued at $346,000 after purchasing an additional 52 shares during the period. Finally, MGO One Seven LLC increased its stake in F5 by 2.6% in the third quarter. MGO One Seven LLC now owns 2,056 shares of the network technology company's stock valued at $915,000 after purchasing an additional 53 shares during the last quarter. 90.66% of the stock is owned by hedge funds and other institutional investors.
F5 Company Profile
(
Get Free Report)
F5, Inc provides application delivery and security solutions that help organizations manage, protect and optimize applications across data centers, public clouds and edge environments. Its offerings serve businesses, government agencies and service providers around the world.
The company's products and services include BIG-IP application delivery and security software, NGINX technologies for application development and delivery, and F5 Distributed Cloud Services. These offerings support functions such as traffic management, web and API protection, application security and multicloud connectivity.
Founded in 1996 and headquartered in Seattle, F5 was previously known as F5 Networks before adopting the F5 name in 2021.
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