F5 (NASDAQ:FFIV) Given New $200.00 Price Target at Royal Bank of Canada

F5 (NASDAQ:FFIVGet Rating) had its price target cut by equities research analysts at Royal Bank of Canada from $210.00 to $200.00 in a report issued on Wednesday, Briefing.com reports. The brokerage currently has a “sector perform” rating on the network technology company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 3.14% from the company’s current price.

Several other brokerages also recently issued reports on FFIV. Loop Capital lowered their price target on F5 from $273.00 to $238.00 and set a “buy” rating for the company in a report on Wednesday. Morgan Stanley downgraded F5 from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $280.00 to $250.00 in a report on Tuesday, April 12th. StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a report on Friday, April 15th. William Blair reiterated a “market perform” rating on shares of F5 in a report on Tuesday, January 25th. Finally, Piper Sandler lowered their price target on F5 from $227.00 to $197.00 and set an “overweight” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $231.79.

Shares of FFIV opened at $193.91 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 1.16 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $11.78 billion, a P/E ratio of 35.45, a price-to-earnings-growth ratio of 2.71 and a beta of 1.11. The stock’s fifty day simple moving average is $203.12 and its 200 day simple moving average is $215.57. F5 has a twelve month low of $174.34 and a twelve month high of $249.00.

F5 (NASDAQ:FFIVGet Rating) last issued its earnings results on Tuesday, April 26th. The network technology company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.12. The business had revenue of $634.22 million for the quarter, compared to analyst estimates of $634.20 million. F5 had a return on equity of 22.00% and a net margin of 12.65%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period last year, the company posted $1.70 EPS. Sell-side analysts predict that F5 will post 7.1 earnings per share for the current year.

In other F5 news, CMO Mika Yamamoto sold 1,773 shares of the firm’s stock in a transaction dated Wednesday, February 2nd. The shares were sold at an average price of $207.25, for a total value of $367,454.25. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Thomas Dean Fountain sold 1,628 shares of the firm’s stock in a transaction dated Monday, January 31st. The stock was sold at an average price of $199.19, for a total transaction of $324,281.32. The disclosure for this sale can be found here. Insiders have sold 14,529 shares of company stock worth $2,916,796 in the last ninety days. Corporate insiders own 0.46% of the company’s stock.

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

Recommended Stories

Analyst Recommendations for F5 (NASDAQ:FFIV)

Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.