Barclays Cuts F5 (NASDAQ:FFIV) Price Target to $274.00

F5 (NASDAQ:FFIV) had its price objective reduced by Barclays from $296.00 to $274.00 in a report issued on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the network technology company’s stock.

A number of other research firms have also commented on FFIV. Piper Sandler decreased their price objective on F5 from $304.00 to $262.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group raised their price target on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of F5 from $296.00 to $285.00 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Evercore ISI raised their target price on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a research report on Friday, January 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $320.00 price target on shares of F5 in a report on Tuesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, F5 has a consensus rating of “Hold” and an average price target of $282.56.

F5 Trading Up 0.4 %

NASDAQ:FFIV opened at $265.77 on Tuesday. The company has a market capitalization of $15.32 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. The firm has a 50-day moving average price of $266.38 and a two-hundred day moving average price of $261.65. F5 has a twelve month low of $163.12 and a twelve month high of $313.00.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.11 by $0.31. F5 had a return on equity of 20.98% and a net margin of 20.58%. The firm had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. During the same period in the previous year, the firm posted $2.91 EPS. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that F5 will post 11.2 earnings per share for the current year.

Insider Buying and Selling at F5

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total value of $1,022,025.48. Following the completion of the sale, the executive vice president now owns 20,075 shares of the company’s stock, valued at $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total transaction of $344,981.00. Following the completion of the transaction, the chief executive officer now directly owns 148,647 shares in the company, valued at approximately $39,446,454.39. This represents a 0.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,504 shares of company stock valued at $5,088,492. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On F5

Several institutional investors and hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC lifted its position in F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock worth $28,000 after acquiring an additional 77 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in F5 in the fourth quarter valued at approximately $31,000. Crowley Wealth Management Inc. purchased a new stake in shares of F5 during the fourth quarter valued at approximately $35,000. Hurley Capital LLC acquired a new position in shares of F5 during the fourth quarter worth $43,000. Finally, Friedenthal Financial purchased a new position in shares of F5 in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.