F5, Inc. (NASDAQ:FFIV) Receives $187.33 Consensus Target Price from Brokerages

Shares of F5, Inc. (NASDAQ:FFIV) have been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $200.89.

Several research firms have recently commented on FFIV. Royal Bank of Canada increased their price target on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 30th. Evercore ISI increased their price target on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. Barclays increased their price target on shares of F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 30th. JPMorgan Chase & Co. raised their target price on shares of F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. Finally, StockNews.com lowered shares of F5 from a “strong-buy” rating to a “buy” rating in a research report on Thursday.

Insiders Place Their Bets

In other F5 news, insider Pelzer Frank 800 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Pelzer Frank 800 shares of the stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scot Frazier Rogers sold 3,315 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $168.46, for a total transaction of $558,444.90. Following the completion of the transaction, the executive vice president now directly owns 19,493 shares in the company, valued at approximately $3,283,790.78. The disclosure for this sale can be found here. Insiders have sold a total of 10,885 shares of company stock valued at $1,888,222 over the last quarter. Company insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On F5

Hedge funds have recently made changes to their positions in the business. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of F5 in the 4th quarter valued at $25,000. New Covenant Trust Company N.A. purchased a new stake in F5 during the 1st quarter worth $27,000. Family Firm Inc. purchased a new stake in F5 during the 2nd quarter worth $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in F5 during the 4th quarter worth $34,000. Finally, Register Financial Advisors LLC purchased a new stake in F5 during the 1st quarter worth $38,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

F5 Trading Down 1.8 %

Shares of F5 stock opened at $191.99 on Friday. F5 has a 12-month low of $145.45 and a 12-month high of $205.92. The stock has a market cap of $11.25 billion, a PE ratio of 22.99, a price-to-earnings-growth ratio of 2.49 and a beta of 1.08. The company has a 50-day moving average of $173.36 and a two-hundred day moving average of $179.68.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the company posted $2.46 earnings per share. On average, sell-side analysts forecast that F5 will post 10.03 EPS for the current fiscal year.

F5 Company Profile

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.