F5 (NASDAQ:FFIV) Given New $189.00 Price Target at Barclays

F5 (NASDAQ:FFIV) had its price target reduced by Barclays from $206.00 to $189.00 in a research note released on Tuesday, Benzinga reports. They currently have an equal weight rating on the network technology company’s stock.

Other research analysts have also issued research reports about the company. KeyCorp lifted their price target on F5 from $186.00 to $204.00 and gave the stock an overweight rating in a research report on Thursday, January 18th. Royal Bank of Canada reiterated a sector perform rating and issued a $204.00 price target on shares of F5 in a research report on Friday, February 9th. Piper Sandler reiterated a neutral rating and set a $167.00 price target (down previously from $187.00) on shares of F5 in a research note on Tuesday. The Goldman Sachs Group lifted their price objective on shares of F5 from $156.00 to $179.00 and gave the company a neutral rating in a research note on Tuesday, January 30th. Finally, JPMorgan Chase & Co. increased their target price 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $185.10.

F5 Stock Down 9.2 %

Shares of FFIV opened at $165.31 on Tuesday. The company has a market capitalization of $9.72 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 2.68 and a beta of 1.11. F5 has a 52-week low of $129.93 and a 52-week high of $199.49. The stock has a 50 day moving average price of $187.66 and a 200 day moving average price of $176.72.

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

Insider Activity at F5

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $182.31, for a total transaction of $91,155.00. Following the transaction, the chief financial officer now owns 32,290 shares in the company, valued at approximately $5,886,789.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction on 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 sale, the chief financial officer now owns 32,290 shares of the company’s stock, valued at $5,886,789.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $188.85, for a total transaction of $273,832.50. Following the transaction, the chief executive officer now directly owns 121,801 shares in the company, valued at $23,002,118.85. The disclosure for this sale can be found here. Insiders sold a total of 10,201 shares of company stock worth $1,908,065 over the last 90 days. Company insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On F5

Hedge funds and other institutional investors have recently modified their holdings of the stock. Atlantic Edge Private Wealth Management LLC purchased a new position in F5 in the 4th quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in F5 in the fourth quarter valued at $34,000. Washington Trust Advisors Inc. acquired a new stake in F5 in the fourth quarter valued at $36,000. Register Financial Advisors LLC purchased a new position in shares of F5 in the first quarter valued at $38,000. Finally, Addison Advisors LLC raised 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 buying an additional 74 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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.