F5, Inc. (NASDAQ:FFIV – Get Free Report) has been given an average recommendation of “Hold” by the nine analysts that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $237.11.
Several equities analysts recently issued reports on FFIV shares. Piper Sandler upped their target price on F5 from $186.00 to $246.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Morgan Stanley raised their price objective on F5 from $230.00 to $262.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 17th. Royal Bank of Canada upped their target price on F5 from $205.00 to $240.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 29th. The Goldman Sachs Group raised their price target on shares of F5 from $212.00 to $241.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of F5 from $225.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.
Check Out Our Latest Stock Report on FFIV
Insider Activity at F5
Institutional Trading of F5
Several institutional investors have recently modified their holdings of the stock. Chase Investment Counsel Corp purchased a new position in F5 in the 3rd quarter valued at about $4,726,000. Bank of Montreal Can lifted its position in shares of F5 by 3.9% in the second quarter. Bank of Montreal Can now owns 308,159 shares of the network technology company’s stock valued at $53,247,000 after acquiring an additional 11,525 shares in the last quarter. Dai ichi Life Insurance Company Ltd boosted its stake in shares of F5 by 10.5% in the second quarter. Dai ichi Life Insurance Company Ltd now owns 28,820 shares of the network technology company’s stock worth $4,964,000 after acquiring an additional 2,730 shares during the last quarter. New York State Common Retirement Fund raised its stake in F5 by 14.3% in the 3rd quarter. New York State Common Retirement Fund now owns 70,536 shares of the network technology company’s stock valued at $15,532,000 after purchasing an additional 8,800 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in F5 by 9.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 523,982 shares of the network technology company’s stock valued at $90,245,000 after purchasing an additional 45,843 shares in the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.
F5 Stock Performance
F5 stock opened at $251.47 on Wednesday. The stock has a market cap of $14.74 billion, a PE ratio of 26.30, a price-to-earnings-growth ratio of 3.52 and a beta of 1.06. The stock has a 50-day moving average of $245.42 and a two-hundred day moving average of $212.68. F5 has a one year low of $159.01 and a one year high of $264.50.
F5 (NASDAQ:FFIV – Get Free Report) last released its earnings results on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, topping analysts’ consensus estimates of $3.45 by $0.22. F5 had a net margin of 20.13% and a return on equity of 20.80%. The company had revenue of $747.00 million during the quarter, compared to analysts’ expectations of $730.43 million. During the same period last year, the business earned $2.76 EPS. F5’s revenue for the quarter was up 5.7% on a year-over-year basis. As a group, sell-side analysts predict that F5 will post 11.01 EPS for the current fiscal year.
F5 announced that its Board of Directors has initiated a share buyback program on Monday, October 28th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the network technology company to repurchase up to 7.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.
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.
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