F5 (NASDAQ:FFIV) PT Raised to $215.00

F5 (NASDAQ:FFIV) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $210.00 to $215.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the network technology company’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 5.58% from the company’s current price.

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

F5 Trading Up 1.5 %

Shares of F5 stock opened at $203.64 on Tuesday. The stock has a 50 day moving average of $172.41 and a 200 day moving average of $179.43. F5 has a 12 month low of $145.45 and a 12 month high of $205.92. The firm has a market cap of $11.94 billion, a PE ratio of 24.39, a PEG ratio of 2.36 and a beta of 1.08.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 EPS for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. F5 had a return on equity of 21.30% and a net margin of 19.94%. The company had revenue of $695.50 million during the quarter, compared to analyst estimates of $686.06 million. During the same period in the prior year, the company earned $2.46 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts forecast that F5 will post 9.64 earnings per share for the current fiscal year.

Insider Transactions at F5

In other news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $170.00, for a total value of $85,000.00. Following the sale, the chief financial officer now directly owns 31,608 shares in the company, valued at $5,373,360. The sale was disclosed in a document filed with the SEC, which is available at this link. In other F5 news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $170.00, for a total transaction of $85,000.00. Following the completion of the sale, the chief financial officer now directly owns 31,608 shares of the company’s stock, valued at approximately $5,373,360. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Pelzer Frank 800 shares of F5 stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. Over the last three months, insiders have sold 12,335 shares of company stock worth $2,131,981. 0.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On F5

Several large investors have recently modified their holdings of FFIV. Commerce Bank increased its holdings in F5 by 3.1% during the fourth quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock valued at $342,000 after buying an additional 57 shares during the period. Tocqueville Asset Management L.P. increased its holdings in shares of F5 by 0.6% in the 1st quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock valued at $2,186,000 after acquiring an additional 64 shares during the period. Nisa Investment Advisors LLC raised its position in shares of F5 by 0.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock worth $4,862,000 after acquiring an additional 73 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of F5 by 3.6% during the 1st quarter. Empirical Finance LLC now owns 2,155 shares of the network technology company’s stock worth $409,000 after purchasing an additional 74 shares during the last quarter. Finally, Addison Advisors LLC boosted its position in F5 by 28.0% during the fourth quarter. Addison Advisors LLC now owns 357 shares of the network technology company’s stock valued at $64,000 after purchasing an additional 78 shares in the last quarter. 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.