Shares of F5, Inc. (NASDAQ:FFIV – Get Free Report) have received an average rating of “Hold” from the fifteen research firms that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $164.79.
Several brokerages have weighed in on FFIV. KeyCorp cut their price target on F5 from $182.00 to $179.00 and set an “overweight” rating for the company in a report on Thursday, April 20th. Barclays lowered F5 from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $166.00 to $140.00 in a research note on Thursday, April 20th. StockNews.com started coverage on shares of F5 in a research note on Thursday, May 18th. They set a “strong-buy” rating for the company. TD Cowen decreased their target price on shares of F5 from $177.00 to $170.00 and set an “outperform” rating on the stock in a research report on Thursday, April 20th. Finally, Piper Sandler dropped their price target on shares of F5 from $156.00 to $143.00 and set a “neutral” rating for the company in a research report on Thursday, April 20th.
Insider Buying and Selling at F5
In other news, EVP Ana Maria White sold 170 shares of the company’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $150.34, for a total value of $25,557.80. Following the completion of the transaction, the executive vice president now directly owns 37,728 shares in the company, valued at $5,672,027.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Ana Maria White sold 170 shares of F5 stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $150.34, for a total transaction of $25,557.80. Following the sale, the executive vice president now owns 37,728 shares of the company’s stock, valued at approximately $5,672,027.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Dean Fountain sold 919 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $133.02, for a total transaction of $122,245.38. Following the completion of the transaction, the executive vice president now directly owns 11,490 shares of the company’s stock, valued at $1,528,399.80. The disclosure for this sale can be found here. Insiders sold 13,712 shares of company stock valued at $1,921,240 over the last 90 days. 0.60% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On F5
A number of institutional investors have recently made changes to their positions in the business. MetLife Investment Management LLC increased its stake in shares of F5 by 23.9% in the first quarter. MetLife Investment Management LLC now owns 16,515 shares of the network technology company’s stock worth $3,451,000 after buying an additional 3,190 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of F5 by 140.0% in the 1st quarter. Panagora Asset Management Inc. now owns 4,503 shares of the network technology company’s stock valued at $941,000 after purchasing an additional 2,627 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 worth $82,367,000 after purchasing an additional 5,214 shares during the last quarter. Sei Investments Co. grew its stake in F5 by 16.2% in the first quarter. Sei Investments Co. now owns 67,717 shares of the network technology company’s stock worth $14,067,000 after purchasing an additional 9,454 shares in the last quarter. Finally, Prudential PLC bought a new stake in F5 in the first quarter valued at about $327,000. 91.59% of the stock is owned by institutional investors and hedge funds.
F5 Stock Performance
FFIV opened at $149.75 on Wednesday. The company has a market cap of $9.06 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.13 and a beta of 1.06. F5 has a one year low of $127.05 and a one year high of $174.38. The business’s fifty day moving average is $145.28 and its two-hundred day moving average is $143.70.
F5 (NASDAQ:FFIV – Get Free Report) last released its quarterly earnings data on Wednesday, April 19th. The network technology company reported $2.53 EPS for the quarter, topping the consensus estimate of $2.42 by $0.11. The business had revenue of $703.00 million for the quarter, compared to analyst estimates of $699.18 million. F5 had a net margin of 11.74% and a return on equity of 16.56%. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.30 EPS. On average, analysts predict that F5 will post 7.79 EPS for the current fiscal year.
F5 Company Profile
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.