F5, Inc. (NASDAQ:FFIV) Receives Average Rating of “Hold” from Brokerages

F5, Inc. (NASDAQ:FFIV) has been given a consensus rating of “Hold” by the nine research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $295.00.

Several research firms recently issued reports on FFIV. Needham & Company LLC increased their target price on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Piper Sandler increased their target price on shares of F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Bank of America increased their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. The Goldman Sachs Group increased their target price on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada upped their price target on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 29th.

Insider Activity

In other news, Director Marianne Budnik sold 728 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares in the company, valued at approximately $538,876.50. This represents a 29.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the transaction, the executive vice president now owns 20,075 shares of the company’s stock, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,060 shares of company stock worth $4,477,083. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in F5 by 0.9% in the fourth quarter. Vanguard Group Inc. now owns 7,544,256 shares of the network technology company’s stock worth $1,897,154,000 after buying an additional 64,261 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of F5 by 3.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 5,489,388 shares of the network technology company’s stock valued at $1,208,763,000 after acquiring an additional 191,020 shares during the period. State Street Corp lifted its holdings in shares of F5 by 0.5% in the 3rd quarter. State Street Corp now owns 3,187,222 shares of the network technology company’s stock worth $701,825,000 after acquiring an additional 16,663 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of F5 by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 1,604,362 shares of the network technology company’s stock worth $402,536,000 after purchasing an additional 30,367 shares during the period. Finally, First Trust Advisors LP grew its holdings in F5 by 3.1% during the 4th quarter. First Trust Advisors LP now owns 1,259,848 shares of the network technology company’s stock valued at $316,814,000 after purchasing an additional 37,354 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors.

F5 Trading Down 0.0 %

F5 stock opened at $275.63 on Monday. The firm has a 50 day moving average of $281.73 and a 200 day moving average of $247.97. The firm has a market capitalization of $15.89 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 3.85 and a beta of 1.10. F5 has a 12-month low of $159.01 and a 12-month high of $313.00.

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.