F5, Inc. (NASDAQ:FFIV) Receives $282.56 Consensus PT from Analysts

F5, Inc. (NASDAQ:FFIV) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $282.56.

Several brokerages have issued reports on FFIV. William Blair reaffirmed an “outperform” rating on shares of F5 in a report on Tuesday, April 29th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $290.00 price target on shares of F5 in a report on Tuesday, April 29th. Barclays cut their price target on F5 from $296.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Morgan Stanley raised their price target on F5 from $269.00 to $280.00 and gave the company an “equal weight” rating in a report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. cut their price target on F5 from $296.00 to $285.00 and set a “neutral” rating for the company in a report on Thursday, April 17th.

Insiders Place Their Bets

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the firm’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $264.54, for a total value of $343,902.00. Following the transaction, the chief executive officer now owns 151,700 shares in the company, valued at approximately $40,130,718. This trade represents a 0.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Dean Fountain sold 1,347 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $269.03, for a total value of $362,383.41. Following the completion of the transaction, the executive vice president now owns 20,660 shares in the company, valued at $5,558,159.80. The trade was a 6.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,519 shares of company stock worth $2,370,959 in the last 90 days. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. grew its position in F5 by 3.7% in the fourth quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company’s stock valued at $240,000 after acquiring an additional 34 shares during the last quarter. Colonial Trust Co SC grew its position in F5 by 5.2% in the fourth quarter. Colonial Trust Co SC now owns 685 shares of the network technology company’s stock valued at $172,000 after acquiring an additional 34 shares during the last quarter. Jones Financial Companies Lllp grew its position in F5 by 4.3% in the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company’s stock valued at $214,000 after acquiring an additional 35 shares during the last quarter. AMG National Trust Bank grew its position in F5 by 0.5% in the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company’s stock valued at $1,987,000 after acquiring an additional 37 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. grew its position in F5 by 2.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,805 shares of the network technology company’s stock valued at $481,000 after acquiring an additional 44 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

F5 Trading Up 0.2%

NASDAQ FFIV opened at $287.13 on Wednesday. The company has a market cap of $16.49 billion, a PE ratio of 27.24, a PEG ratio of 3.65 and a beta of 1.00. F5 has a 12 month low of $167.35 and a 12 month high of $313.00. The stock has a 50 day moving average of $277.78 and a 200-day moving average of $273.66.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The business had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. During the same quarter last year, the firm posted $2.91 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. As a group, sell-side analysts predict 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.