F5 (NASDAQ:FFIV) PT Lowered to $182.00

F5 (NASDAQ:FFIV) had its target price decreased by analysts at Royal Bank of Canada from $204.00 to $182.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “sector perform” rating on the network technology company’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 10.58% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Piper Sandler reissued a “neutral” rating and issued a $167.00 price objective (down previously from $187.00) on shares of F5 in a research report on Tuesday. JPMorgan Chase & Co. raised their price objective on F5 from $197.00 to $205.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Evercore ISI reduced their target price on F5 from $200.00 to $180.00 and set an “in-line” rating on the stock in a research report on Tuesday. The Goldman Sachs Group upped their price target on shares of F5 from $156.00 to $179.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Finally, KeyCorp increased 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. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, F5 currently has a consensus rating of “Hold” and an average target price of $185.10.

F5 Stock Performance

F5 stock traded down $17.55 during midday trading on Tuesday, reaching $164.58. The company’s stock had a trading volume of 583,227 shares, compared to its average volume of 444,690. The firm has a market capitalization of $9.68 billion, a PE ratio of 21.49, a P/E/G ratio of 2.68 and a beta of 1.11. F5 has a fifty-two week low of $129.93 and a fifty-two week high of $199.49. The stock’s 50 day simple moving average is $187.66 and its 200 day simple moving average is $176.72.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.88 by $0.03. The firm had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $685.47 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.70 EPS. Equities analysts predict that F5 will post 9.59 earnings per share for the current year.

Insider Buying and Selling at F5

In related news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $182.31, for a total transaction of $91,155.00. Following the completion of the sale, the chief financial officer now directly owns 32,290 shares of the company’s stock, valued at approximately $5,886,789.90. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total value of $91,155.00. Following the completion of the transaction, the chief financial officer now owns 32,290 shares of the company’s stock, valued at $5,886,789.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 15,008 shares in the company, valued at $2,747,364.48. The disclosure for this sale can be found here. Insiders sold 10,201 shares of company stock valued at $1,908,065 over the last 90 days. 0.58% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On F5

Hedge funds have recently bought and sold shares of the company. Commerce Bank lifted its position in shares of F5 by 3.1% in the 4th quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock worth $342,000 after buying an additional 57 shares during the last quarter. Optimum Investment Advisors lifted its holdings in F5 by 5.5% in the fourth quarter. Optimum Investment Advisors now owns 1,150 shares of the network technology company’s stock worth $206,000 after acquiring an additional 60 shares during the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in F5 by 15.9% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 518 shares of the network technology company’s stock worth $83,000 after acquiring an additional 71 shares during the last quarter. Addison Advisors LLC boosted its stake in F5 by 36.1% in the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after acquiring an additional 74 shares during the period. Finally, Czech National Bank grew its holdings in shares of F5 by 0.8% during the fourth quarter. Czech National Bank now owns 10,457 shares of the network technology company’s stock valued at $1,872,000 after purchasing an additional 84 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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.