F5 (NASDAQ:FFIV) Stock Rating Lowered by Morgan Stanley

F5 (NASDAQ:FFIVGet Rating) was downgraded by analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Tuesday, The Fly reports.

A number of other equities research analysts have also issued reports on FFIV. Evercore ISI cut their price target on shares of F5 from $275.00 to $255.00 and set an “outperform” rating on the stock in a report on Wednesday, January 26th. Royal Bank of Canada dropped their price objective on shares of F5 from $220.00 to $210.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 26th. Zacks Investment Research raised F5 from a “sell” rating to a “hold” rating and set a $223.00 target price on the stock in a report on Tuesday, March 29th. Loop Capital assumed coverage on shares of F5 in a research report on Monday, February 14th. They set a “buy” rating and a $273.00 target price for the company. Finally, William Blair reissued a “market perform” rating on shares of F5 in a report on Tuesday, January 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $242.12.

NASDAQ FFIV opened at $207.49 on Tuesday. F5 has a 1 year low of $174.34 and a 1 year high of $249.00. The company has a market capitalization of $12.60 billion, a PE ratio of 37.93, a P/E/G ratio of 2.80 and a beta of 1.11. The company has a fifty day moving average of $203.22 and a two-hundred day moving average of $215.59. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.18 and a quick ratio of 1.16.

F5 (NASDAQ:FFIVGet Rating) last posted its earnings results on Tuesday, January 25th. The network technology company reported $2.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.98 by $0.10. The business had revenue of $687.10 million for the quarter, compared to analyst estimates of $678.08 million. F5 had a net margin of 12.65% and a return on equity of 22.00%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.66 EPS. On average, research analysts expect that F5 will post 7.12 earnings per share for the current year.

In related news, CFO Francis J. Pelzer sold 500 shares of the business’s stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $195.93, for a total transaction of $97,965.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 1,042 shares of the company’s stock in a transaction that occurred on Monday, April 4th. The stock was sold at an average price of $210.30, for a total value of $219,132.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,029 shares of company stock worth $2,817,711. Company insiders own 0.31% of the company’s stock.

Several large investors have recently made changes to their positions in the company. CastleArk Alternatives LLC bought a new stake in shares of F5 in the 3rd quarter worth approximately $28,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of F5 during the third quarter worth approximately $40,000. Mystic Asset Management Inc. purchased a new position in F5 during the fourth quarter valued at approximately $88,000. Capital Analysts LLC boosted its stake in F5 by 35.3% in the third quarter. Capital Analysts LLC now owns 479 shares of the network technology company’s stock valued at $95,000 after acquiring an additional 125 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in shares of F5 by 209.7% during the third quarter. O Shaughnessy Asset Management LLC now owns 734 shares of the network technology company’s stock worth $146,000 after buying an additional 497 shares during the period. 92.21% of the stock is currently owned by hedge funds and other institutional investors.

F5 Company Profile (Get Rating)

F5, Inc provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

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