F5 (NASDAQ:FFIV) PT Lowered to $189.00

F5 (NASDAQ:FFIV) had its target price decreased by investment analysts at Barclays from $206.00 to $189.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “equal weight” rating on the network technology company’s stock. Barclays‘s target price indicates a potential upside of 13.43% from the stock’s previous close.

A number of other brokerages have also recently weighed in on FFIV. Needham & Company LLC reissued a “buy” rating and set a $220.00 price objective on shares of F5 in a research note on Tuesday. Piper Sandler reissued a “neutral” rating and set a $167.00 price objective (down from $187.00) on shares of F5 in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Royal Bank of Canada reissued a “sector perform” rating and set a $204.00 price objective on shares of F5 in a research note on Friday, February 9th. Finally, The Goldman Sachs Group raised their price objective on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. One research 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’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $185.10.

F5 Trading Up 0.8 %

Shares of F5 stock opened at $166.62 on Tuesday. F5 has a 12-month low of $129.93 and a 12-month high of $199.49. The stock has a market cap of $9.80 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 2.68 and a beta of 1.11. The company has a 50-day moving average of $187.30 and a two-hundred day moving average of $176.82.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. F5 had a net margin of 17.91% and a return on equity of 21.72%. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $685.47 million. During the same period last year, the company posted $1.70 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that F5 will post 9.59 EPS for the current fiscal year.

Insider Buying and Selling at F5

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $183.06, for a total value of $155,784.06. Following the transaction, the executive vice president now owns 15,008 shares in the company, valued at approximately $2,747,364.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO Francois Locoh-Donou sold 6,400 shares of F5 stock in a transaction on Friday, March 1st. The shares were sold at an average price of $188.02, for a total transaction of $1,203,328.00. Following the transaction, the chief executive officer now owns 123,251 shares in the company, valued at approximately $23,173,653.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Thomas Dean Fountain sold 851 shares of F5 stock in a transaction on 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 owns 15,008 shares in the company, valued at approximately $2,747,364.48. The disclosure for this sale can be found here. Insiders have sold a total of 10,201 shares of company stock worth $1,908,065 in the last quarter. 0.58% of the stock is owned by insiders.

Institutional Investors Weigh In On F5

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in F5 by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,435,868 shares of the network technology company’s stock worth $1,330,872,000 after buying an additional 131,341 shares during the period. Ameriprise Financial Inc. raised its stake in F5 by 13.3% during the third quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock worth $292,001,000 after acquiring an additional 212,784 shares during the period. Lyrical Asset Management LP raised its stake in F5 by 38.3% during the fourth quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock worth $204,986,000 after acquiring an additional 317,263 shares during the period. First Trust Advisors LP raised its stake in F5 by 0.5% during the fourth quarter. First Trust Advisors LP now owns 1,122,995 shares of the network technology company’s stock worth $200,994,000 after acquiring an additional 6,010 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in F5 by 6.4% during the third quarter. Westfield Capital Management Co. LP now owns 748,118 shares of the network technology company’s stock worth $120,552,000 after acquiring an additional 44,758 shares during the period. 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.