F5, Inc. (NASDAQ:FFIV) Given Consensus Recommendation of “Buy” by Analysts

F5, Inc. (NASDAQ:FFIVGet Rating) has received an average rating of “Buy” from the twenty analysts that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $240.36.

Several analysts recently weighed in on FFIV shares. Morgan Stanley lowered F5 from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $280.00 to $250.00 in a research note on Tuesday, April 12th. Royal Bank of Canada reduced their price objective on F5 from $220.00 to $210.00 and set a “sector perform” rating on the stock in a research note on Wednesday, January 26th. Barclays reduced their price objective on F5 from $234.00 to $232.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 26th. Bank of America dropped their target price on F5 from $285.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, January 26th. Finally, Needham & Company LLC increased their target price on F5 from $265.00 to $303.00 and gave the company a “buy” rating in a research report on Tuesday, December 28th.

Shares of NASDAQ FFIV traded up $0.88 during mid-day trading on Monday, reaching $201.34. The company had a trading volume of 9,154 shares, compared to its average volume of 617,121. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.18. F5 has a one year low of $174.34 and a one year high of $249.00. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 36.60, a PEG ratio of 2.71 and a beta of 1.11. The business’s 50-day simple moving average is $203.30 and its 200 day simple moving average is $215.71.

F5 (NASDAQ:FFIVGet Rating) last issued its quarterly earnings results on Tuesday, January 25th. The network technology company reported $2.08 EPS for the quarter, topping the Zacks’ consensus estimate of $1.98 by $0.10. F5 had a return on equity of 22.00% and a net margin of 12.65%. The company had revenue of $687.10 million for the quarter, compared to analysts’ expectations of $678.08 million. During the same quarter last year, the business earned $1.66 earnings per share. F5’s revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts anticipate that F5 will post 7.1 EPS for the current year.

In other F5 news, EVP Thomas Dean Fountain sold 1,628 shares of F5 stock in a transaction that occurred on Monday, January 31st. The stock was sold at an average price of $199.19, for a total value of $324,281.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Chad Michael Whalen sold 251 shares of F5 stock in a transaction that occurred on Wednesday, February 2nd. The stock was sold at an average price of $207.25, for a total value of $52,019.75. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,529 shares of company stock valued at $2,916,796. 0.46% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Mutual of America Capital Management LLC boosted its holdings in F5 by 0.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 7,964 shares of the network technology company’s stock valued at $1,949,000 after acquiring an additional 49 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in F5 by 0.4% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 12,871 shares of the network technology company’s stock valued at $2,559,000 after acquiring an additional 57 shares during the period. Zeke Capital Advisors LLC boosted its holdings in F5 by 0.7% during the 3rd quarter. Zeke Capital Advisors LLC now owns 8,996 shares of the network technology company’s stock valued at $1,788,000 after acquiring an additional 65 shares during the period. PNC Financial Services Group Inc. boosted its holdings in F5 by 1.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,334 shares of the network technology company’s stock valued at $862,000 after acquiring an additional 72 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in F5 by 1.2% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,558 shares of the network technology company’s stock valued at $1,502,000 after acquiring an additional 89 shares during the period. 92.21% of the stock is owned by hedge funds and other institutional investors.

About F5 (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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Analyst Recommendations for F5 (NASDAQ:FFIV)

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