F5 (NASDAQ:FFIV) Price Target Raised to $205.00

F5 (NASDAQ:FFIV) had its target price increased by JPMorgan Chase & Co. from $197.00 to $205.00 in a research note released on Thursday, Benzinga reports. They currently have a neutral rating on the network technology company’s stock.

Several other equities research analysts have also commented on FFIV. The Goldman Sachs Group boosted their price objective on F5 from $156.00 to $179.00 and gave the stock a neutral rating in a research note on Tuesday, January 30th. Barclays boosted their price objective on F5 from $163.00 to $206.00 and gave the stock an equal weight rating in a research note on Tuesday, January 30th. Needham & Company LLC reiterated a buy rating and set a $220.00 price objective on shares of F5 in a research note on Tuesday, February 13th. KeyCorp boosted their price objective on F5 from $186.00 to $204.00 and gave the stock an overweight rating in a research note on Thursday, January 18th. Finally, Piper Sandler boosted their price objective on F5 from $170.00 to $187.00 and gave the stock a neutral rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $186.82.

F5 Stock Down 2.1 %

Shares of F5 stock opened at $187.99 on Thursday. F5 has a twelve month low of $127.05 and a twelve month high of $199.49. The business has a 50-day moving average price of $188.27 and a 200 day moving average price of $174.80. The firm has a market cap of $11.06 billion, a PE ratio of 24.45, a P/E/G ratio of 2.83 and a beta of 1.11.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.39. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm had revenue of $693.00 million during the quarter, compared to analyst estimates of $684.77 million. During the same quarter in the previous year, the business earned $1.65 EPS. F5’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts expect that F5 will post 9.58 EPS for the current year.

Insider Activity at F5

In related news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total value of $155,784.06. Following the transaction, the executive vice president now directly owns 15,008 shares in the company, valued at $2,747,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total value of $155,784.06. Following the transaction, the executive vice president now directly owns 15,008 shares in the company, valued at $2,747,364.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total value of $94,560.00. Following the completion of the transaction, the chief financial officer now owns 31,790 shares in the company, valued at $6,012,124.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,201 shares of company stock worth $1,908,705. Insiders own 0.58% of the company’s stock.

Institutional Trading of F5

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commerce Bank raised its position in F5 by 3.1% in the fourth quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock valued at $342,000 after purchasing an additional 57 shares during the period. Optimum Investment Advisors raised its position in F5 by 5.5% in the fourth quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock valued at $206,000 after purchasing an additional 60 shares during the period. BOKF NA raised its position in F5 by 1.1% in the fourth quarter. BOKF NA now owns 5,706 shares of the network technology company’s stock valued at $1,021,000 after purchasing an additional 61 shares during the period. Horizon Investments LLC raised its position in F5 by 6.0% in the second quarter. Horizon Investments LLC now owns 1,210 shares of the network technology company’s stock valued at $177,000 after purchasing an additional 68 shares during the period. Finally, Kestra Advisory Services LLC raised its position in F5 by 2.3% in the second quarter. Kestra Advisory Services LLC now owns 2,990 shares of the network technology company’s stock valued at $437,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.