Brokerages Set F5, Inc. (NASDAQ:FFIV) Target Price at $185.10

Shares of F5, Inc. (NASDAQ:FFIV) have been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $185.10.

Several equities research analysts recently weighed in on FFIV shares. Piper Sandler reaffirmed a “neutral” rating and set a $167.00 target price (down from $187.00) on shares of F5 in a research note on Tuesday, April 30th. Royal Bank of Canada dropped their price objective on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC reissued a “buy” rating and issued a $220.00 price objective on shares of F5 in a research report on Tuesday, April 30th. Evercore ISI dropped their price objective on shares of F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research report on Tuesday, April 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th.

Insider Buying and Selling

In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total transaction of $89,405.00. Following the completion of the sale, the chief financial officer now owns 31,290 shares in the company, valued at approximately $5,594,964.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $178.81, for a total transaction of $89,405.00. Following the completion of the sale, the chief financial officer now owns 31,290 shares in the company, valued at approximately $5,594,964.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of the firm’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $167.53, for a total transaction of $142,568.03. Following the completion of the sale, the executive vice president now owns 15,504 shares of the company’s stock, valued at approximately $2,597,385.12. The disclosure for this sale can be found here. Insiders sold a total of 11,766 shares of company stock worth $1,992,195 in the last 90 days. Company insiders own 0.58% of the company’s stock.

Institutional Trading of F5

Several hedge funds have recently made changes to their positions in the company. Commerce Bank lifted its stake in shares of F5 by 3.1% in the 4th quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock worth $342,000 after acquiring an additional 57 shares during the period. Optimum Investment Advisors lifted its stake in shares of F5 by 5.5% in the 4th quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock worth $206,000 after acquiring an additional 60 shares during the period. Tocqueville Asset Management L.P. lifted its stake in shares of F5 by 0.6% in the first quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock valued at $2,186,000 after purchasing an additional 64 shares during the period. Empirical Finance LLC lifted its stake in shares of F5 by 3.6% in the first quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock valued at $409,000 after purchasing an additional 74 shares during the period. Finally, Addison Advisors LLC lifted its stake in shares of F5 by 28.0% in the fourth quarter. Addison Advisors LLC now owns 357 shares of the network technology company’s stock valued at $64,000 after purchasing an additional 78 shares during the period. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Down 0.9 %

Shares of NASDAQ FFIV opened at $171.58 on Wednesday. The business’s 50 day moving average is $169.76 and its two-hundred day moving average is $179.13. F5 has a 52-week low of $142.81 and a 52-week high of $199.49. The firm has a market cap of $10.06 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.28 and a beta of 1.08.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.88 by $0.03. The firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $685.47 million. F5 had a return on equity of 21.41% and a net margin of 17.91%. F5’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.70 EPS. Analysts anticipate that F5 will post 9.64 EPS for the current fiscal year.

About F5

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 distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.