F5 (NASDAQ:FFIV) PT Raised to $212.00

F5 (NASDAQ:FFIV) had its target price upped by equities research analysts at The Goldman Sachs Group from $185.00 to $212.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the network technology company’s stock. The Goldman Sachs Group’s target price points to a potential downside of 4.26% from the stock’s current price.

FFIV has been the topic of a number of other reports. Evercore ISI lifted their price objective on shares of F5 from $180.00 to $210.00 and gave the company an “in-line” rating in a research report on Tuesday, July 30th. Barclays lifted their price target on F5 from $189.00 to $214.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 30th. Royal Bank of Canada upped their price target on shares of F5 from $182.00 to $205.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 30th. Needham & Company LLC boosted their price target on F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, JPMorgan Chase & Co. boosted their target price on F5 from $210.00 to $215.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, F5 presently has a consensus rating of “Hold” and a consensus target price of $204.56.

F5 Stock Up 0.5 %

NASDAQ FFIV traded up $1.06 during trading on Tuesday, hitting $221.44. The stock had a trading volume of 93,919 shares, compared to its average volume of 514,627. The firm has a 50 day moving average price of $195.48 and a 200 day moving average price of $183.64. F5 has a twelve month low of $145.45 and a twelve month high of $222.80. The company has a market capitalization of $12.98 billion, a PE ratio of 26.55, a PEG ratio of 2.55 and a beta of 1.06.

F5 (NASDAQ:FFIV) last announced its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. The firm had revenue of $695.50 million during the quarter, compared to the consensus estimate of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.46 earnings per share. On average, sell-side analysts anticipate that F5 will post 10.18 earnings per share for the current year.

Insider Transactions at F5

In related news, Director Alan Higginson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the completion of the sale, the director now owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Francois Locoh-Donou sold 1,450 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $171.95, for a total value of $249,327.50. Following the completion of the transaction, the chief executive officer now owns 121,462 shares in the company, valued at approximately $20,885,390.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Higginson sold 1,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $201.65, for a total value of $201,650.00. Following the transaction, the director now directly owns 10,707 shares in the company, valued at approximately $2,159,066.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,271 shares of company stock valued at $1,378,205. 0.58% of the stock is owned by insiders.

Institutional Investors Weigh In On F5

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. lifted its stake in F5 by 6,700.2% in the second quarter. Pacer Advisors Inc. now owns 848,388 shares of the network technology company’s stock valued at $146,118,000 after buying an additional 835,912 shares during the period. Lyrical Asset Management LP boosted its position in F5 by 38.3% during the 4th quarter. Lyrical Asset Management LP now owns 1,145,302 shares of the network technology company’s stock worth $204,986,000 after acquiring an additional 317,263 shares during the last quarter. Norges Bank bought a new position in F5 in the fourth quarter valued at $45,937,000. AQR Capital Management LLC grew its holdings in shares of F5 by 48.9% in the 2nd quarter. AQR Capital Management LLC now owns 652,972 shares of the network technology company’s stock valued at $111,932,000 after acquiring an additional 214,351 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in F5 by 10.5% during the second quarter. American Century Companies Inc. now owns 1,709,296 shares of the network technology company’s stock valued at $294,392,000 after purchasing an additional 162,820 shares during the last quarter. Institutional investors own 90.66% of the company’s stock.

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.