F5 (NASDAQ:FFIV) PT Lowered to $238.00 at Loop Capital

F5 (NASDAQ:FFIVGet Rating) had its target price decreased by equities research analysts at Loop Capital from $273.00 to $238.00 in a report released on Wednesday, Briefing.com reports. The firm presently has a “buy” rating on the network technology company’s stock. Loop Capital’s target price points to a potential upside of 22.74% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on FFIV. William Blair restated a “market perform” rating on shares of F5 in a research note on Tuesday, January 25th. Evercore ISI reiterated a “buy” rating and issued a $255.00 price target on shares of F5 in a research report on Friday, April 22nd. JPMorgan Chase & Co. boosted their price target on shares of F5 from $245.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 20th. Piper Sandler dropped their price target on shares of F5 from $227.00 to $197.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Zacks Investment Research upgraded shares of F5 from a “sell” rating to a “hold” rating and set a $223.00 price target on the stock in a research report on Tuesday, March 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $231.79.

Shares of FFIV opened at $193.91 on Wednesday. F5 has a 1 year low of $174.34 and a 1 year high of $249.00. The company has a market cap of $11.78 billion, a price-to-earnings ratio of 35.45, a price-to-earnings-growth ratio of 2.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.16 and a current ratio of 1.18. The firm has a fifty day moving average of $203.12 and a 200-day moving average of $215.57.

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

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 15th. The stock was sold at an average price of $190.40, for a total value of $95,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ana Maria White sold 169 shares of F5 stock in a transaction that occurred on Friday, April 1st. The stock was sold at an average price of $209.94, for a total value of $35,479.86. Following the sale, the executive vice president now directly owns 29,144 shares of the company’s stock, valued at $6,118,491.36. The disclosure for this sale can be found here. Insiders sold 14,529 shares of company stock valued at $2,916,796 over the last 90 days. 0.46% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FFIV. Mutual of America Capital Management LLC lifted its stake in shares of F5 by 0.6% in 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 purchasing an additional 49 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of 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 worth $2,559,000 after purchasing an additional 57 shares during the period. Zeke Capital Advisors LLC raised its stake in shares of F5 by 0.7% during the 3rd quarter. Zeke Capital Advisors LLC now owns 8,996 shares of the network technology company’s stock worth $1,788,000 after purchasing an additional 65 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of 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 worth $862,000 after purchasing an additional 72 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in F5 by 1.2% in 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. Hedge funds and other institutional investors own 92.21% of the company’s stock.

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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