F5 Networks, Inc. (FFIV) EVP Chad Michael Whalen Sells 379 Shares

F5 Networks, Inc. (NASDAQ:FFIV) EVP Chad Michael Whalen sold 379 shares of the business’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $159.50, for a total transaction of $60,450.50. Following the transaction, the executive vice president now owns 6,318 shares in the company, valued at approximately $1,007,721. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Chad Michael Whalen also recently made the following trade(s):

  • On Friday, November 23rd, Chad Michael Whalen sold 44 shares of F5 Networks stock. The shares were sold at an average price of $168.62, for a total transaction of $7,419.28.
  • On Thursday, November 15th, Chad Michael Whalen sold 53 shares of F5 Networks stock. The shares were sold at an average price of $175.84, for a total transaction of $9,319.52.
  • On Thursday, November 8th, Chad Michael Whalen sold 44 shares of F5 Networks stock. The shares were sold at an average price of $188.46, for a total transaction of $8,292.24.

Shares of FFIV opened at $162.41 on Wednesday. The stock has a market capitalization of $9.68 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94. F5 Networks, Inc. has a fifty-two week low of $133.14 and a fifty-two week high of $199.71.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, January 23rd. The network technology company reported $2.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.17. The firm had revenue of $543.80 million for the quarter, compared to the consensus estimate of $547.39 million. F5 Networks had a net margin of 22.74% and a return on equity of 40.12%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.26 earnings per share. As a group, equities analysts expect that F5 Networks, Inc. will post 8.62 EPS for the current year.

A number of brokerages have weighed in on FFIV. Zacks Investment Research restated a “buy” rating and issued a $189.00 price objective on shares of F5 Networks in a report on Tuesday, November 13th. Credit Suisse Group upped their price objective on shares of F5 Networks from $216.00 to $218.00 and gave the stock an “outperform” rating in a report on Thursday, October 25th. 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 report on Thursday, October 25th. 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 report on Friday, October 26th. Finally, MKM Partners upped their price objective on shares of F5 Networks to $190.00 and gave the stock a “neutral” rating in a report on Friday, October 26th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. F5 Networks presently has a consensus rating of “Hold” and an average target price of $173.40.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of F5 Networks in the third quarter worth approximately $1,635,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of F5 Networks by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,276 shares of the network technology company’s stock worth $3,406,000 after buying an additional 4,469 shares in the last quarter. Aperio Group LLC lifted its stake in shares of F5 Networks by 4.4% in the third quarter. Aperio Group LLC now owns 198,432 shares of the network technology company’s stock worth $39,571,000 after buying an additional 8,382 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in shares of F5 Networks by 42.5% in the third quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,098,760 shares of the network technology company’s stock worth $219,114,000 after buying an additional 327,447 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of F5 Networks by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 309,330 shares of the network technology company’s stock worth $61,680,000 after buying an additional 3,892 shares in the last quarter. Hedge funds and other institutional investors own 98.23% of the company’s stock.

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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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