F5 (NASDAQ:FFIV) Price Target Raised to $280.00

F5 (NASDAQ:FFIV) had its price objective increased by Morgan Stanley from $269.00 to $280.00 in a report issued on Tuesday,Benzinga reports. They currently have an equal weight rating on the network technology company’s stock.

A number of other research analysts have also issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $320.00 target price on shares of F5 in a research note on Tuesday. The Goldman Sachs Group raised their price objective 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. Piper Sandler dropped their target price on shares of F5 from $304.00 to $262.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Bank of America increased their price target on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a report on Friday, January 31st. Finally, Evercore ISI boosted their price objective on shares of F5 from $240.00 to $270.00 and gave the stock an “in-line” rating in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, F5 has a consensus rating of “Hold” and a consensus target price of $282.56.

F5 Stock Up 0.4 %

NASDAQ FFIV opened at $265.77 on Tuesday. The stock has a market capitalization of $15.32 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. F5 has a 12-month low of $163.12 and a 12-month high of $313.00. The company has a 50 day moving average price of $266.38 and a two-hundred day moving average price of $261.65.

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

Insider Transactions at F5

In other news, Director Marianne Budnik sold 1,872 shares of F5 stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $260.72, for a total transaction of $488,067.84. Following the completion of the sale, the director now owns 1,207 shares in the company, valued at $314,689.04. The trade was a 60.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,504 shares of company stock worth $5,088,492. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On F5

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MQS Management LLC acquired a new stake in shares of F5 in the 1st quarter valued at approximately $355,000. CWM LLC raised its position in F5 by 102.8% during the first quarter. CWM LLC now owns 3,534 shares of the network technology company’s stock worth $941,000 after acquiring an additional 1,791 shares in the last quarter. Xponance Inc. lifted its stake in F5 by 1.7% in the first quarter. Xponance Inc. now owns 8,191 shares of the network technology company’s stock valued at $2,181,000 after acquiring an additional 140 shares during the last quarter. Kesler Norman & Wride LLC increased its stake in shares of F5 by 149.3% during the 1st quarter. Kesler Norman & Wride LLC now owns 3,231 shares of the network technology company’s stock worth $860,000 after purchasing an additional 1,935 shares during the last quarter. Finally, WESPAC Advisors LLC acquired a new position in shares of F5 during the 1st quarter worth about $814,000. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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.