Analysts Set F5, Inc. (NASDAQ:FFIV) Price Target at $289.67

F5, Inc. (NASDAQ:FFIV) has received an average recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $282.56.

FFIV has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $320.00 price target on shares of F5 in a report on Tuesday. Morgan Stanley raised their price objective on shares of F5 from $269.00 to $280.00 and gave the company an “equal weight” rating in a research report on Tuesday. Barclays decreased their price target on shares of F5 from $296.00 to $274.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Piper Sandler upped their price target on F5 from $262.00 to $269.00 and gave the company a “neutral” rating in a research note on Tuesday. Finally, The Goldman Sachs Group boosted their price objective on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th.

Insider Buying and Selling at F5

In other F5 news, Director Marianne Budnik sold 1,872 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $260.72, for a total transaction of $488,067.84. Following the transaction, the director now owns 1,207 shares of the company’s stock, valued at $314,689.04. The trade was a 60.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the sale, the chief executive officer now directly owns 148,647 shares of the company’s stock, valued at approximately $39,446,454.39. The trade was a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,504 shares of company stock worth $5,088,492. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On F5

Several institutional investors and hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC grew its position in shares of F5 by 275.0% in the first quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 77 shares during the last quarter. Park Square Financial Group LLC acquired a new position in shares of F5 in the fourth quarter valued at about $31,000. Crowley Wealth Management Inc. bought a new position in F5 during the fourth quarter worth about $35,000. Hurley Capital LLC acquired a new stake in F5 in the 4th quarter worth about $43,000. Finally, Friedenthal Financial acquired a new position in shares of F5 during the 4th quarter worth approximately $50,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Trading Up 0.4 %

Shares of FFIV opened at $265.77 on Tuesday. The stock has a 50 day simple moving average of $266.38 and a 200-day simple moving average of $261.65. The stock has a market cap of $15.32 billion, a PE ratio of 26.42, a PEG ratio of 3.85 and a beta of 1.14. F5 has a 1 year low of $163.12 and a 1 year high of $313.00.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, beating the consensus estimate of $3.11 by $0.31. The company had revenue of $590.16 million for the quarter, compared to the consensus estimate of $719.91 million. F5 had a net margin of 20.58% and a return on equity of 20.98%. The firm’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.91 EPS. On average, sell-side analysts forecast that F5 will post 11.2 EPS for the current fiscal year.

F5 Company Profile

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.