F5 (NASDAQ:FFIV) hits a fresh 52-week low at $150.21

F5 (NASDAQ:FFIV) hits a fresh 52-week low at 0.21

F5, Inc. (NASDAQ: FFIVget ratingShare price of ) hit a new 52-week low during midday trading on Monday. The company was trading as low as $150.21 and was last traded at $150.39, with a volume of 11404 shares. The stock had previously closed at $156.65.

Several brokerage houses have recently published reports on FFIV. Barclays lowered its price target on F5 shares from $232.00 to $216.00 in a research note on Thursday, April 28. Morgan Stanley lowered F5 shares from an “overweight” rating to an “equal weight” rating and lowered its price target on the shares from $280.00 to $250.00 in a research note on Tuesday, April 12. StockNews.com cut F5 shares from a “strong buy” rating to a “buy” rating in a research note on Friday, May 6. Loop Capital lowered its price target on F5 shares from $273.00 to $238.00 and set a “buy” rating on the stock in a research note on Wednesday, April 27. Finally, Piper Sandler lowered her price target on F5 shares from $227.00 to $197.00 and placed an “overweight” rating on the stock in a research note on Wednesday, April 27. Four analysts have rated the stock a hold rating and thirteen have given the stock a buy rating. According to MarketBeat, the company currently has an average “Buy” rating and an average price target of $235.77.

The company has a market cap of $9.15 billion, a PE ratio of 26.65, a P/E/E ratio of 4.55, and a beta of 1.18. The company’s 50-day simple moving average is $179.08 and its 200-day simple moving average is $203.33.

F5 (NASDAQ: FFIVget rating) last announced its quarterly earnings results on Tuesday, April 26. The network technology company reported earnings per share (EPS) of $1.30 for the quarter, beating the consensus estimate of $1.16 by $0.14. F5 had a net margin of 13.19% and a return on equity of 19.98%. The company had revenue of $634.22 million in the quarter, compared to the consensus estimate of $634.20 million. During the same quarter last year, the company earned $1.70 in earnings per share. The company’s revenue for the quarter fell 1.7% compared to the same quarter last year. Research analysts anticipate that F5, Inc. will post 6.22 EPS for the current year.

In related news, EVP Anna Maria Blanca sold 169 shares of the company’s capital stock in a transaction that occurred on Friday, April 1. The shares were sold at an average price of $209.94, for a total transaction of $35,479.86. Following the transaction, the executive vice president now owns 29,144 shares of the company, valued at $6,118,491.36. The sale was disclosed in a legal filing with the Securities and Exchange Commission, which can be accessed via this link. In addition, director alan higginsson sold 1,000 shares of the company’s capital stock in a transaction that took place on Wednesday, June 1. The shares were sold at an average price of $164.73, for a total transaction of $164,730.00. Following the transaction, the director now directly owns 11,665 shares in the company, valued at approximately $1,921,575.45. Disclosure of this sale can be found here. Insiders sold 5,919 shares of the company worth $1,078,096 in the last ninety days. Insiders own 0.31% of the company’s shares.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Atwood & Palmer Inc. purchased a new position in F5 during the first quarter worth approximately $31,000. NuWave Investment Management LLC purchased a new position in F5 during the first quarter worth approximately $41,000. Kistler Tiffany Companies LLC increased its position in F5 by 86.4% during the first quarter. Kistler Tiffany Companies LLC now owns 205 shares of the network technology company worth $43,000 after buying an additional 95 shares last quarter. Clearstead Advisors LLC increased its position in F5 by 1,104.8% during the first quarter. Clearstead Advisors LLC now owns 253 shares of the network technology company worth $53,000 after buying an additional 232 shares last quarter. Finally, Mystic Asset Management Inc. purchased a new position in F5 during the fourth quarter worth approximately $88,000. Currently, 91.13% of the shares are owned by institutional investors and hedge funds.

About F5 (NASDAQ: FFIV)

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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