F5 (NASDAQ:FFIV) Receives Sector Perform Rating from Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of F5 (NASDAQ:FFIVFree Report) in a report issued on Friday morning, Benzinga reports. Royal Bank of Canada currently has a $204.00 target price on the network technology company’s stock.

A number of other research firms also recently commented on FFIV. Piper Sandler boosted their target price on F5 from $170.00 to $187.00 and gave the stock a neutral rating in a research report on Tuesday, January 30th. TheStreet raised shares of F5 from a c+ rating to a b- rating in a research note on Wednesday, November 22nd. KeyCorp upped their target price on shares of F5 from $186.00 to $204.00 and gave the company an overweight rating in a research report on Thursday, January 18th. Needham & Company LLC raised their price objective on F5 from $200.00 to $220.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Finally, Bank of America lowered F5 from a neutral rating to an underperform rating and decreased their price target for the company from $165.00 to $160.00 in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $185.00.

Check Out Our Latest Stock Report on F5

F5 Price Performance

FFIV stock opened at $186.16 on Friday. F5 has a 1 year low of $127.05 and a 1 year high of $199.49. The company has a market cap of $10.95 billion, a P/E ratio of 24.21, a price-to-earnings-growth ratio of 2.76 and a beta of 1.11. The stock’s fifty day moving average price is $178.67 and its 200-day moving average price is $165.79.

F5 (NASDAQ:FFIVGet Free Report) last announced its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, beating the consensus estimate of $3.04 by $0.39. F5 had a return on equity of 20.81% and a net margin of 16.43%. The business had revenue of $693.00 million for the quarter, compared to the consensus estimate of $684.77 million. During the same period in the previous year, the business earned $1.65 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. As a group, analysts expect that F5 will post 9.54 earnings per share for the current year.

Insider Activity at F5

In other F5 news, CFO Francis J. Pelzer sold 2,500 shares of F5 stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $170.00, for a total value of $425,000.00. Following the transaction, the chief financial officer now owns 32,508 shares in the company, valued at $5,526,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other F5 news, EVP Chad Michael Whalen sold 1,398 shares of F5 stock in a transaction on Monday, December 4th. The shares were sold at an average price of $171.05, for a total value of $239,127.90. Following the transaction, the executive vice president now directly owns 21,927 shares of the company’s stock, valued at $3,750,613.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francis J. Pelzer sold 2,500 shares of F5 stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $170.00, for a total transaction of $425,000.00. Following the completion of the transaction, the chief financial officer now directly owns 32,508 shares in the company, valued at $5,526,360. The disclosure for this sale can be found here. Insiders have sold a total of 7,249 shares of company stock valued at $1,261,832 over the last ninety days. 0.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On F5

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Michigan Retirement System increased its position in shares of F5 by 3.1% in the 2nd quarter. State of Michigan Retirement System now owns 19,688 shares of the network technology company’s stock valued at $2,880,000 after acquiring an additional 600 shares during the period. Shell Asset Management Co. boosted its position in F5 by 16.2% during the second quarter. Shell Asset Management Co. now owns 18,670 shares of the network technology company’s stock worth $2,731,000 after purchasing an additional 2,602 shares in the last quarter. New York Life Investment Management LLC boosted its position in F5 by 25.4% during the third quarter. New York Life Investment Management LLC now owns 15,092 shares of the network technology company’s stock worth $2,432,000 after purchasing an additional 3,061 shares in the last quarter. Addison Advisors LLC boosted its position in F5 by 36.1% during the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock worth $45,000 after purchasing an additional 74 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its holdings in F5 by 4.4% during the third quarter. Mount Yale Investment Advisors LLC now owns 8,355 shares of the network technology company’s stock valued at $1,346,000 after purchasing an additional 349 shares in the last quarter. 89.89% of the stock is owned by hedge funds and other institutional investors.

About F5

(Get Free Report)

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.

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Analyst Recommendations for F5 (NASDAQ:FFIV)

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