F5, Inc. (NASDAQ:FFIV) Receives Average Rating of “Hold” from Brokerages

Shares of F5, Inc. (NASDAQ:FFIV) have been given a consensus recommendation of “Hold” by the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $186.82.

FFIV has been the topic of several analyst reports. KeyCorp boosted their price target on shares of F5 from $186.00 to $204.00 and gave the stock an “overweight” rating in a report on Thursday, January 18th. Piper Sandler boosted their target price on shares of F5 from $170.00 to $187.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Barclays boosted their target price on shares of F5 from $163.00 to $206.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. The Goldman Sachs Group boosted their target price on shares of F5 from $156.00 to $179.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Finally, JPMorgan Chase & Co. boosted their target price on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th.

F5 Price Performance

NASDAQ:FFIV opened at $179.59 on Friday. The firm has a 50-day moving average of $188.11 and a 200-day moving average of $175.30. The company has a market cap of $10.56 billion, a PE ratio of 23.35, a PEG ratio of 2.70 and a beta of 1.11. F5 has a one year low of $127.05 and a one year high of $199.49.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, topping the consensus estimate of $3.04 by $0.39. The company had revenue of $693.00 million during the quarter, compared to the consensus estimate of $684.77 million. F5 had a net margin of 16.43% and a return on equity of 20.81%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.65 earnings per share. On average, equities research analysts expect that F5 will post 9.58 earnings per share for the current fiscal year.

Insider Activity at F5

In related news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $180.09, for a total transaction of $90,045.00. Following the sale, the chief financial officer now owns 31,508 shares of the company’s stock, valued at approximately $5,674,275.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $188.85, for a total transaction of $273,832.50. Following the sale, the chief executive officer now owns 121,801 shares of the company’s stock, valued at approximately $23,002,118.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $180.09, for a total transaction of $90,045.00. Following the sale, the chief financial officer now directly owns 31,508 shares in the company, valued at approximately $5,674,275.72. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,201 shares of company stock worth $1,908,705. 0.58% of the stock is owned by corporate insiders.

Institutional Trading of F5

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atlantic Edge Private Wealth Management LLC bought a new stake in F5 during the 4th quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of F5 in the 4th quarter worth $34,000. Register Financial Advisors LLC bought a new position in shares of F5 in the 1st quarter worth $38,000. Washington Trust Advisors Inc. bought a new position in shares of F5 in the 4th quarter worth $36,000. Finally, Janiczek Wealth Management LLC increased its holdings in shares of F5 by 56.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company’s stock worth $46,000 after buying an additional 93 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

About F5

F5, Inc provides multi-cloud application security and delivery solutions in the United States, Europe, the Middle East, Africa, and the Asia Pacific region. The company's distributed cloud services enable its customers to deploy, secure, and operate applications in any architecture, from on-premises to the public cloud.