Evercore ISI Trims F5 (NASDAQ:FFIV) Target Price to $180.00

F5 (NASDAQ:FFIV) had its target price lowered by investment analysts at Evercore ISI from $200.00 to $180.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the network technology company’s stock. Evercore ISI’s price objective would suggest a potential upside of 8.03% from the company’s previous close.

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

F5 Stock Up 0.8 %

Shares of F5 stock opened at $166.62 on Tuesday. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 2.68 and a beta of 1.11. The business has a fifty day simple moving average of $187.30 and a 200-day simple moving average of $176.82. F5 has a fifty-two week low of $129.93 and a fifty-two week high of $199.49.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.03. The company had revenue of $681.00 million for the quarter, compared to analyst estimates of $685.47 million. F5 had a return on equity of 21.72% and a net margin of 17.91%. F5’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share. Analysts anticipate that F5 will post 9.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $178.81, for a total value of $89,405.00. Following the transaction, the chief financial officer now directly owns 31,290 shares of the company’s stock, valued at approximately $5,594,964.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $178.81, for a total value of $89,405.00. Following the transaction, the chief financial officer now directly owns 31,290 shares of the company’s stock, valued at approximately $5,594,964.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 6,400 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the transaction, the chief executive officer now directly owns 123,251 shares in the company, valued at $23,173,653.02. The disclosure for this sale can be found here. Insiders have sold a total of 10,201 shares of company stock valued at $1,908,065 in the last three months. Insiders own 0.58% of the company’s stock.

Institutional Trading of F5

Large investors have recently made changes to their positions in the stock. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of F5 during the 4th quarter worth about $25,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of F5 during the 4th quarter worth about $34,000. Washington Trust Advisors Inc. bought a new stake in shares of F5 during the 4th quarter worth about $36,000. Register Financial Advisors LLC bought a new stake in shares of F5 during the 1st quarter worth about $38,000. Finally, Addison Advisors LLC boosted its stake in shares of F5 by 36.1% during the 3rd quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock worth $45,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 90.66% of the company’s stock.

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.