F5 (NASDAQ:FFIV) Price Target Raised to $215.00

F5 (NASDAQ:FFIV) had its price target lifted by JPMorgan Chase & Co. from $210.00 to $215.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a neutral rating on the network technology company’s stock.

A number of other research firms also recently commented on FFIV. Royal Bank of Canada dropped their price objective on shares of F5 from $204.00 to $182.00 and set a sector perform rating for the company in a research note on Tuesday, April 30th. Piper Sandler upped their price objective on shares of F5 from $167.00 to $186.00 and gave the company a neutral rating in a research note on Tuesday. Evercore ISI dropped their price objective on shares of F5 from $200.00 to $180.00 and set an in-line rating for the company in a research note on Tuesday, April 30th. Barclays upped their price objective on shares of F5 from $189.00 to $214.00 and gave the company an equal weight rating in a research note on Tuesday. Finally, Needham & Company LLC upped their price objective on shares of F5 from $220.00 to $235.00 and gave the company a buy rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of $200.89.

F5 Stock Down 4.0 %

F5 stock opened at $195.48 on Tuesday. The firm’s 50-day simple moving average is $172.92 and its 200 day simple moving average is $179.55. F5 has a 52 week low of $145.45 and a 52 week high of $205.92. The firm has a market capitalization of $11.46 billion, a PE ratio of 23.41, a P/E/G ratio of 2.66 and a beta of 1.08.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating the consensus estimate of $2.97 by $0.39. F5 had a net margin of 19.94% and a return on equity of 21.03%. The firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. During the same quarter in the previous year, the company posted $2.46 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, research analysts expect that F5 will post 9.8 EPS for the current fiscal year.

Insiders Place Their Bets

In other F5 news, insider Pelzer Frank 800 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other F5 news, insider Pelzer Frank 800 shares of the company’s stock in a transaction on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scot Frazier Rogers sold 3,315 shares of the stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $168.46, for a total value of $558,444.90. Following the transaction, the executive vice president now owns 19,493 shares of the company’s stock, valued at $3,283,790.78. The disclosure for this sale can be found here. Insiders sold a total of 10,885 shares of company stock worth $1,888,222 in the last 90 days. 0.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On F5

Institutional investors and hedge funds have recently made changes to their positions in the business. Bessemer Group Inc. boosted its stake in shares of F5 by 424.1% during the 1st quarter. Bessemer Group Inc. now owns 7,604 shares of the network technology company’s stock valued at $1,442,000 after buying an additional 6,153 shares during the last quarter. LSV Asset Management bought a new position in F5 during the first quarter worth $1,479,000. ProShare Advisors LLC lifted its stake in F5 by 60.7% during the first quarter. ProShare Advisors LLC now owns 17,083 shares of the network technology company’s stock worth $3,239,000 after purchasing an additional 6,451 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in F5 by 74.3% during the fourth quarter. Allianz Asset Management GmbH now owns 73,141 shares of the network technology company’s stock worth $13,091,000 after purchasing an additional 31,181 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in F5 by 9.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 61,801 shares of the network technology company’s stock worth $11,061,000 after purchasing an additional 5,577 shares during the last quarter. 90.66% of the stock is currently owned by hedge funds and other 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 distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.