F5 (NASDAQ:FFIV) Announces Quarterly Earnings Results

F5 (NASDAQ:FFIV – Get Rating) posted its earnings results on Tuesday. The network technology company reported $2.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.33 by $0.14, RTT News reports. F5 had a net margin of 11.95% and a return on equity of 17.67%. The business had revenue of $700.38 million for the quarter, compared to analysts’ expectations of $700.59 million. During the same period in the prior year, the company posted $2.89 EPS. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year.

F5 Stock Down 0.9 %

Shares of F5 stock opened at $146.47 on Wednesday. The firm has a market cap of $8.84 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. F5 has a 12-month low of $133.68 and a 12-month high of $225.26. The company’s fifty day simple moving average is $147.28 and its two-hundred day simple moving average is $151.35.

Insiders Place Their Bets

In other F5 news, EVP Ana Maria White sold 170 shares of the firm’s stock in a transaction on Monday, November 14th. The shares were sold at an average price of $149.95, for a total value of $25,491.50. Following the sale, the executive vice president now owns 36,250 shares of the company’s stock, valued at approximately $5,435,687.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Ana Maria White sold 170 shares of F5 stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $149.95, for a total transaction of $25,491.50. Following the sale, the executive vice president now owns 36,250 shares of the company’s stock, valued at approximately $5,435,687.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francois Locoh-Donou sold 2,201 shares of F5 stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $144.21, for a total transaction of $317,406.21. Following the transaction, the chief executive officer now directly owns 111,134 shares of the company’s stock, valued at $16,026,634.14. The disclosure for this sale can be found here. Insiders have sold a total of 25,521 shares of company stock valued at $3,747,727 in the last quarter. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FFIV. Vanguard Group Inc. raised its holdings in F5 by 1.4% in the first quarter. Vanguard Group Inc. now owns 6,830,286 shares of the network technology company’s stock worth $1,427,188,000 after buying an additional 96,873 shares during the last quarter. First Trust Advisors LP raised its holdings in F5 by 19.8% in the first quarter. First Trust Advisors LP now owns 1,075,970 shares of the network technology company’s stock worth $224,824,000 after buying an additional 178,042 shares during the last quarter. Invesco Ltd. raised its holdings in F5 by 14.7% in the first quarter. Invesco Ltd. now owns 714,798 shares of the network technology company’s stock worth $149,358,000 after buying an additional 91,580 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in F5 by 3.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 452,043 shares of the network technology company’s stock worth $94,454,000 after buying an additional 16,974 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of F5 by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 394,157 shares of the network technology company’s stock valued at $82,367,000 after purchasing an additional 5,214 shares during the last quarter. 93.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

FFIV has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of F5 in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Piper Sandler lowered their price objective on shares of F5 from $164.00 to $159.00 in a research report on Tuesday, January 17th. Barclays lowered their price objective on shares of F5 from $205.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Guggenheim initiated coverage on shares of F5 in a research report on Monday. They set a “neutral” rating on the stock. Finally, JPMorgan Chase & Co. lowered their price objective on shares of F5 from $190.00 to $170.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 20th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $175.33.

F5 Company Profile

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F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.