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

F5, Inc. (NASDAQ:FFIVGet Rating) has earned an average recommendation of “Buy” from the twenty brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $228.15.

A number of analysts have recently issued reports on FFIV shares. Evercore ISI lowered their price target on F5 from $255.00 to $220.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Royal Bank of Canada lowered their price target on F5 from $210.00 to $200.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 27th. JPMorgan Chase & Co. lifted their price target on F5 from $245.00 to $275.00 and gave the stock an “overweight” rating in a research note on Thursday, January 20th. Credit Suisse Group lowered their price objective on F5 from $270.00 to $225.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 27th. Finally, TheStreet lowered F5 from a “b” rating to a “c+” rating in a research note on Tuesday.

FFIV traded up $0.97 during trading on Friday, hitting $156.28. The company’s stock had a trading volume of 868,008 shares, compared to its average volume of 664,307. F5 has a twelve month low of $151.66 and a twelve month high of $249.00. The business’s fifty day simple moving average is $192.74 and its 200 day simple moving average is $211.00. The firm has a market capitalization of $9.45 billion, a price-to-earnings ratio of 27.47, a P/E/G ratio of 4.69 and a beta of 1.18.

F5 (NASDAQ:FFIVGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The network technology company reported $1.30 EPS for the quarter, beating the consensus estimate of $1.16 by $0.14. F5 had a return on equity of 19.98% and a net margin of 13.19%. The company had revenue of $634.22 million for the quarter, compared to analyst estimates of $634.20 million. During the same period last year, the company earned $1.70 earnings per share. F5’s quarterly revenue was down 1.7% compared to the same quarter last year. Equities research analysts forecast that F5 will post 6.22 earnings per share for the current year.

In related news, EVP Geng Lin sold 3,657 shares of the business’s stock in a transaction on Friday, March 11th. The stock was sold at an average price of $197.70, for a total transaction of $722,988.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ana Maria White sold 169 shares of the business’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $198.95, for a total value of $33,622.55. The disclosure for this sale can be found here. Insiders sold a total of 10,917 shares of company stock worth $2,119,674 in the last quarter. Company insiders own 0.46% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in F5 by 10.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 51,718 shares of the network technology company’s stock worth $10,817,000 after purchasing an additional 5,008 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in F5 by 27.3% during the 1st quarter. Orion Portfolio Solutions LLC now owns 1,157 shares of the network technology company’s stock worth $242,000 after purchasing an additional 248 shares in the last quarter. Wealthfront Advisers LLC grew its stake in F5 by 26.4% during the 1st quarter. Wealthfront Advisers LLC now owns 2,220 shares of the network technology company’s stock worth $463,000 after purchasing an additional 463 shares in the last quarter. Beacon Pointe Advisors LLC boosted its position in shares of F5 by 26.2% during the 1st quarter. Beacon Pointe Advisors LLC now owns 1,621 shares of the network technology company’s stock worth $339,000 after acquiring an additional 337 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new position in shares of F5 during the 1st quarter worth about $381,000. 91.13% 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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