Stock of F5, Inc. (NASDAQ:FFIV – get rating) have received an average “Buy” recommendation from the eighteen brokerages that currently cover the company, MarketBeat reports. Four analysts have rated the stock a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the past year is $235.77.
Several stock research analysts recently commented on the company. Morgan Stanley cut F5 from an “overweight” rating to an “equal weight” rating and lowered its price target on the company from $280.00 to $250.00 in a report on Tuesday, April 12. Evercore ISI lowered its price target on F5 from $255.00 to $220.00 and set an “outperform” rating on the company in a report on Wednesday, April 27. Barclays cut its price target on F5 from $232.00 to $216.00 in a report on Thursday April 28. StockNews.com cut F5 from a “strong buy” rating to a “buy” rating in a report on Friday, May 6. Finally, Royal Bank of Canada lowered its price target on F5 from $210.00 to $200.00 and set a “sector performance” rating on the company in a research note on Wednesday, April 27.
FFIV shares opened at $150.38 on Tuesday. The company’s 50 day moving average is $177.84 and its two hundred day moving average is $202.80. F5 has a 12-month minimum of $149.80 and a 12-month maximum of $249.00. The company has a market cap of $9.09 billion, a P/E ratio of 26.43, a P/E/E ratio of 4.55, and a beta of 1.18.
F5 (NASDAQ:FFIV- get rating) last announced its earnings results on Tuesday, April 26. The network technology company reported $1.30 EPS for the quarter, beating analyst consensus estimates of $1.16 by $0.14. F5 had a return on equity of 19.98% and a net margin of 13.19%. The business had revenue of $634.22 million during the quarter, compared to analyst expectations of $634.20 million. During the same quarter last year, the company earned $1.70 in earnings per share. Business revenue fell 1.7% compared to the same quarter last year. Equity research analysts anticipate F5 to post 6.22 EPS for the current year.
In other news, CMO mika yamamoto sold 899 shares of F5 in a transaction made on Tuesday, May 3. The shares were sold at an average price of $171.33, for a total transaction of $154,025.67. Following the sale, the chief marketing officer now owns 6,698 shares of the company, valued at $1,147,568.34. The transaction was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via the SEC website. In addition, EVP Anna Maria Blanca sold 169 shares of F5 in a transaction dated Friday, April 1. The share was sold at an average price of $209.94, for a total value of $35,479.86. Following the sale, the executive vice president now owns 29,144 shares of the company, valued at approximately $6,118,491.36. Disclosure of this sale can be found here. During the last 90 days, experts sold 5,419 shares of the company worth $982,896. 0.31% of the shares are owned by insiders.
Hedge funds have recently modified their stock holdings. JW Cole Advisors Inc. purchased a new position in F5 in the first quarter valued at about $26,000. Atwood & Palmer Inc. purchased a new position in F5 in the first quarter valued at about $31,000. NuWave Investment Management LLC purchased a new position in F5 in the first quarter valued at around $41,000. Kistler Tiffany Companies LLC increased its position in F5 by 86.4% in the first quarter. Kistler Tiffany Companies LLC now owns 205 shares of the network technology company valued at $43,000 after purchasing an additional 95 shares during the period. Finally, Clearstead Advisors LLC increased its position in F5 by 1,104.8% in Q1. Clearstead Advisors LLC now owns 253 shares of the network technology company valued at $53,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 91.13% of the company’s shares.
About F5 (get rating)
F5, Inc. provides multi-cloud application security and delivery solutions for the security, performance, and availability of network applications, servers, and storage systems. The company’s multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure and govern applications on any architecture, from on-premises to the public cloud.
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