Brokerages Set F5, Inc. (NASDAQ:FFIV) Price Target at $282.56

Shares of F5, Inc. (NASDAQ:FFIV) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $282.56.

A number of analysts have recently commented on FFIV shares. Piper Sandler lifted their price target on F5 from $262.00 to $269.00 and gave the company a “neutral” rating in a research note on Tuesday, April 29th. Wall Street Zen lowered F5 from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 22nd. William Blair reissued an “outperform” rating on shares of F5 in a research note on Tuesday, April 29th. Morgan Stanley lifted their price objective on F5 from $269.00 to $280.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 29th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $290.00 price objective on shares of F5 in a research note on Tuesday, April 29th.

F5 Trading Up 0.2%

Shares of FFIV stock opened at $287.13 on Wednesday. The business’s 50-day moving average price is $277.78 and its 200-day moving average price is $273.66. F5 has a 12 month low of $167.35 and a 12 month high of $313.00. The firm has a market capitalization of $16.49 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.65 and a beta of 1.00.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating analysts’ consensus estimates of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The firm had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same period last year, the firm posted $2.91 earnings per share. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, sell-side analysts predict that F5 will post 11.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Francois Locoh-Donou sold 1,300 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the sale, the chief executive officer now owns 148,647 shares in the company, valued at $39,446,454.39. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Thomas Dean Fountain sold 1,347 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $269.03, for a total value of $362,383.41. Following the sale, the executive vice president now owns 20,660 shares of the company’s stock, valued at approximately $5,558,159.80. This represents a 6.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,519 shares of company stock worth $2,370,959. 0.52% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On F5

Hedge funds and other institutional investors have recently modified their holdings of the company. Annis Gardner Whiting Capital Advisors LLC increased its holdings in shares of F5 by 134.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in shares of F5 by 275.0% during the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 77 shares in the last quarter. Park Square Financial Group LLC bought a new stake in shares of F5 during the fourth quarter valued at approximately $31,000. Groupe la Francaise bought a new stake in shares of F5 during the first quarter valued at approximately $34,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of F5 during the fourth quarter valued at approximately $35,000. 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.