F5, Inc. (NASDAQ:FFIV) Receives $282.56 Average Price Target from Analysts

F5, Inc. (NASDAQ:FFIV) has received a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $286.44.

Several equities analysts recently issued reports on the company. Needham & Company LLC restated a “buy” rating and issued a $320.00 price target on shares of F5 in a research report on Tuesday, April 29th. Piper Sandler reissued a “neutral” rating and set a $304.00 price target (up previously from $269.00) on shares of F5 in a research note on Monday. William Blair reissued an “outperform” rating on shares of F5 in a research note on Tuesday, April 29th. JPMorgan Chase & Co. decreased their price target on F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Finally, Wolfe Research assumed coverage on F5 in a research note on Monday, July 7th. They set an “outperform” rating on the stock.

Insider Buying and Selling

In other F5 news, EVP Thomas Dean Fountain sold 1,347 shares of the business’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 directly owned 20,660 shares in the company, valued at approximately $5,558,159.80. The trade was a 6.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Elizabeth Buse sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the transaction, the director owned 5,013 shares of the company’s stock, valued at $1,471,465.89. This trade represents a 23.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,519 shares of company stock worth $2,408,594 in the last three months. 0.52% of the stock is currently owned by insiders.

Institutional Trading of F5

Institutional investors and hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of 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 buying an additional 77 shares during the last quarter. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of F5 during the 4th quarter worth $5,856,000. Exchange Traded Concepts LLC increased its holdings in F5 by 72.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 1,698 shares of the network technology company’s stock valued at $452,000 after purchasing an additional 714 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in F5 in the 1st quarter valued at $231,000. Finally, National Bank of Canada FI increased its holdings in F5 by 14.9% in the 4th quarter. National Bank of Canada FI now owns 27,170 shares of the network technology company’s stock valued at $6,833,000 after purchasing an additional 3,526 shares in the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

F5 Stock Performance

FFIV opened at $290.76 on Friday. The business’s 50-day simple moving average is $289.17 and its 200-day simple moving average is $278.44. F5 has a one year low of $170.21 and a one year high of $313.00. The stock has a market capitalization of $16.70 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 3.74 and a beta of 1.00.

F5 (NASDAQ:FFIV) last posted its earnings results on Monday, April 28th. The network technology company reported $3.42 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $719.91 million. During the same quarter in the previous year, the firm earned $2.91 earnings per share. The business’s revenue was up 7.3% compared to the same quarter last year. On average, equities research 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.