F5 (NASDAQ:FFIV) Upgraded at StockNews.com

StockNews.com upgraded shares of F5 (NASDAQ:FFIVGet Rating) from a buy rating to a strong-buy rating in a research report report published on Thursday.

A number of other equities analysts also recently weighed in on FFIV. Morgan Stanley downgraded shares of F5 from an overweight rating to an equal weight rating and dropped their target price for the stock from $280.00 to $250.00 in a research note on Tuesday, April 12th. Bank of America dropped their price objective on shares of F5 from $265.00 to $240.00 and set a buy rating for the company in a research report on Wednesday. Citigroup decreased their price objective on F5 from $215.00 to $210.00 and set a neutral rating on the stock in a research report on Wednesday, January 26th. William Blair restated a market perform rating on shares of F5 in a research report on Tuesday, January 25th. Finally, Loop Capital decreased their price target on F5 from $273.00 to $238.00 and set a buy rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, F5 has a consensus rating of Buy and a consensus price target of $228.15.

FFIV stock opened at $175.91 on Thursday. The business has a fifty day moving average price of $201.97 and a 200 day moving average price of $215.07. 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 has a fifty-two week low of $167.17 and a fifty-two week high of $249.00. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 2.71 and a beta of 1.11.

F5 (NASDAQ:FFIVGet Rating) last announced its earnings results on Tuesday, April 26th. The network technology company reported $2.13 EPS for the quarter, topping the consensus estimate of $2.01 by $0.12. F5 had a return on equity of 22.00% and a net margin of 12.65%. The company had revenue of $634.22 million for the quarter, compared to analysts’ expectations of $634.20 million. During the same quarter in the prior year, the business earned $1.70 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts expect that F5 will post 7.1 earnings per share for the current fiscal year.

In related news, EVP Geng Lin sold 3,657 shares of the business’s stock in a transaction that occurred on Friday, March 11th. The stock was sold at an average price of $197.70, for a total value of $722,988.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on Monday, April 18th. The stock was sold at an average price of $198.17, for a total transaction of $99,085.00. Following the sale, the chief financial officer now owns 16,389 shares in the company, valued at $3,247,808.13. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,529 shares of company stock valued at $2,916,796. 0.46% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. CastleArk Alternatives LLC acquired a new stake in shares of F5 in the 3rd quarter valued at about $28,000. NuWave Investment Management LLC bought a new position in shares of F5 during the first quarter worth about $41,000. Edmond DE Rothschild Holding S.A. acquired a new stake in F5 in the 3rd quarter valued at approximately $40,000. Mystic Asset Management Inc. bought a new stake in F5 in the 4th quarter valued at approximately $88,000. Finally, Exchange Traded Concepts LLC acquired a new position in F5 during the 1st quarter worth approximately $95,000. 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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Analyst Recommendations for F5 (NASDAQ:FFIV)

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