F5 (NASDAQ:FFIV) Price Target Lowered to $182.00 at Royal Bank of Canada

F5 (NASDAQ:FFIV) had its price objective trimmed by Royal Bank of Canada from $204.00 to $182.00 in a report released on Tuesday morning, Benzinga reports. The brokerage currently has a sector perform rating on the network technology company’s stock.

FFIV has been the subject of a number of other research reports. Piper Sandler reiterated a neutral rating and set a $167.00 target price (down previously from $187.00) on shares of F5 in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on shares of F5 from $197.00 to $205.00 and gave the company a neutral rating in a research note on Thursday, April 11th. Barclays decreased their price objective on shares of F5 from $206.00 to $189.00 and set an equal weight rating for the company in a research note on Tuesday. Needham & Company LLC reaffirmed a buy rating and issued a $220.00 target price on shares of F5 in a report on Tuesday. Finally, KeyCorp boosted their price target on F5 from $186.00 to $204.00 and gave the company an overweight rating in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Hold and an average price target of $185.10.

F5 Trading Down 0.1 %

F5 stock opened at $165.94 on Tuesday. F5 has a twelve month low of $130.34 and a twelve month high of $199.49. The stock’s fifty day simple moving average is $186.63 and its 200-day simple moving average is $176.67. The firm has a market capitalization of $9.76 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.22 and a beta of 1.14.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, April 29th. The network technology company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.88 by $0.03. The firm had revenue of $681.00 million during the quarter, compared to the consensus estimate of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share. Sell-side analysts predict that F5 will post 9.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total value of $94,560.00. Following the sale, the chief financial officer now directly owns 31,790 shares in the company, valued at $6,012,124.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total value of $94,560.00. Following the transaction, the chief financial officer now directly owns 31,790 shares of the company’s stock, valued at $6,012,124.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,052 shares of company stock worth $2,050,633. Company insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC purchased a new stake in shares of F5 in the 4th quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. purchased a new position in F5 during the 4th quarter valued at about $34,000. Washington Trust Advisors Inc. purchased a new position in F5 during the 4th quarter valued at about $36,000. Register Financial Advisors LLC purchased a new position in F5 during the 1st quarter valued at about $38,000. Finally, Addison Advisors LLC increased its holdings in F5 by 36.1% during the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after acquiring an additional 74 shares in the last quarter. 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.