F5, Inc. (NASDAQ:FFIV – Get Free Report) has earned a consensus rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $168.23.
Several equities research analysts have commented on the company. Barclays upped their price target on F5 from $140.00 to $162.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 25th. Royal Bank of Canada upped their price target on F5 from $146.00 to $173.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 25th. KeyCorp upped their price target on F5 from $179.00 to $193.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 25th. Piper Sandler increased their target price on F5 from $143.00 to $163.00 and gave the company a “neutral” rating in a research note on Tuesday, July 25th. Finally, StockNews.com initiated coverage on F5 in a research report on Thursday, August 17th. They set a “strong-buy” rating on the stock.
F5 Stock Down 0.5 %
NASDAQ FFIV opened at $163.82 on Thursday. F5 has a fifty-two week low of $127.05 and a fifty-two week high of $167.89. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 1.96 and a beta of 1.06. The business has a fifty day moving average of $154.42 and a 200-day moving average of $146.55.
F5 (NASDAQ:FFIV – Get Free Report) last released its quarterly earnings results on Monday, July 24th. The network technology company reported $3.21 earnings per share for the quarter, topping analysts’ consensus estimates of $2.86 by $0.35. The company had revenue of $702.64 million during the quarter, compared to analysts’ expectations of $698.93 million. F5 had a return on equity of 17.63% and a net margin of 11.84%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.76 earnings per share. As a group, analysts anticipate that F5 will post 8.24 EPS for the current year.
Insider Activity at F5
In related news, EVP Ana Maria White sold 170 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $150.34, for a total value of $25,557.80. Following the completion of the sale, the executive vice president now directly owns 37,728 shares of the company’s stock, valued at $5,672,027.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Ana Maria White sold 170 shares of the business’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $150.34, for a total value of $25,557.80. Following the completion of the sale, the executive vice president now directly owns 37,728 shares of the company’s stock, valued at $5,672,027.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 2,201 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $145.28, for a total value of $319,761.28. Following the completion of the sale, the chief executive officer now directly owns 106,136 shares of the company’s stock, valued at $15,419,438.08. The disclosure for this sale can be found here. Insiders sold a total of 6,830 shares of company stock valued at $1,051,117 over the last three months. 0.60% of the stock is owned by insiders.
Hedge Funds Weigh In On F5
Several institutional investors have recently made changes to their positions in FFIV. MetLife Investment Management LLC grew its holdings in shares of F5 by 23.9% during the first quarter. MetLife Investment Management LLC now owns 16,515 shares of the network technology company’s stock valued at $3,451,000 after purchasing an additional 3,190 shares during the last quarter. Panagora Asset Management Inc. grew its holdings in shares of F5 by 140.0% during the first 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 during the last quarter. Dimensional Fund Advisors LP boosted 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 buying an additional 5,214 shares during the period. Sei Investments Co. boosted its position in shares of F5 by 16.2% during the first quarter. Sei Investments Co. now owns 67,717 shares of the network technology company’s stock worth $14,067,000 after buying an additional 9,454 shares during the period. Finally, Prudential PLC acquired a new position in shares of F5 during the first quarter worth approximately $327,000. 89.89% of the stock is owned by institutional investors.
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 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.