F5 (NASDAQ:FFIV – Get Free Report) had its target price boosted by stock analysts at Barclays from $214.00 to $246.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the network technology company’s stock. Barclays‘s target price would indicate a potential upside of 2.95% from the stock’s previous close.
Several other analysts have also recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of F5 from $182.00 to $205.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 30th. The Goldman Sachs Group lifted their price target on shares of F5 from $185.00 to $212.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Evercore ISI upped their price objective on F5 from $180.00 to $210.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 30th. Morgan Stanley raised their price target on F5 from $215.00 to $230.00 and gave the company an “equal weight” rating in a report on Tuesday. Finally, StockNews.com downgraded F5 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 10th. Seven equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $233.56.
View Our Latest Report on FFIV
F5 Stock Down 0.6 %
F5 (NASDAQ:FFIV – Get Free Report) last issued its earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.45 by $0.22. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company had revenue of $747.00 million for the quarter, compared to analyst estimates of $730.43 million. During the same period in the prior year, the business posted $2.76 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Equities analysts anticipate that F5 will post 10.17 earnings per share for the current year.
F5 announced that its board has authorized a stock buyback program on Monday, October 28th that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the network technology company to reacquire up to 7.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.
Insider Transactions at F5
In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $188.35, for a total value of $273,107.50. Following the completion of the transaction, the chief executive officer now directly owns 124,022 shares of the company’s stock, valued at approximately $23,359,543.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $188.35, for a total transaction of $273,107.50. Following the transaction, the chief executive officer now directly owns 124,022 shares in the company, valued at approximately $23,359,543.70. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $196.73, for a total transaction of $98,365.00. Following the completion of the transaction, the chief financial officer now directly owns 31,125 shares in the company, valued at approximately $6,123,221.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,551 shares of company stock valued at $1,334,698. Corporate insiders own 0.58% of the company’s stock.
Institutional Investors Weigh In On F5
Hedge funds have recently bought and sold shares of the company. Family Firm Inc. bought a new stake in F5 during the 2nd quarter worth approximately $25,000. New Covenant Trust Company N.A. bought a new stake in shares of F5 during the 1st quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of F5 during the 3rd quarter worth approximately $28,000. Quest Partners LLC lifted its stake in shares of F5 by 9,100.0% during the 2nd quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock worth $32,000 after buying an additional 182 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of F5 during the 3rd quarter worth about $32,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.
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.
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