F5, Inc. (NASDAQ:FFIV) Receives $233.56 Consensus PT from Analysts

F5, Inc. (NASDAQ:FFIV) has received a consensus rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $233.56.

A number of research analysts recently issued reports on FFIV shares. Royal Bank of Canada lifted their price objective on shares of F5 from $205.00 to $240.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 29th. Piper Sandler increased their target price on shares of F5 from $186.00 to $246.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Barclays upped their price objective on shares of F5 from $214.00 to $246.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th. Needham & Company LLC boosted their target price on shares of F5 from $220.00 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, July 30th. Finally, Morgan Stanley boosted their price objective on F5 from $215.00 to $230.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 29th.

F5 Price Performance

Shares of NASDAQ FFIV opened at $241.88 on Tuesday. The firm has a market cap of $14.10 billion, a price-to-earnings ratio of 25.30, a P/E/G ratio of 3.13 and a beta of 1.05. The stock’s fifty day moving average price is $217.70 and its two-hundred day moving average price is $191.52. F5 has a one year low of $155.34 and a one year high of $250.46.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, October 28th. The network technology company reported $3.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.45 by $0.22. F5 had a net margin of 20.13% and a return on equity of 20.80%. The firm had revenue of $747.00 million during the quarter, compared to the consensus estimate of $730.43 million. During the same quarter in the previous year, the firm posted $2.76 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that F5 will post 10.99 earnings per share for the current fiscal year.

F5 announced that its board has authorized a stock repurchase plan on Monday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the network technology company to purchase up to 7.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, CFO Francis J. Pelzer sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $196.73, for a total transaction of $98,365.00. Following the transaction, the chief financial officer now directly owns 31,125 shares of the company’s stock, valued at $6,123,221.25. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other F5 news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $196.73, for a total transaction of $98,365.00. Following the completion of the transaction, the chief financial officer now owns 31,125 shares in the company, valued at approximately $6,123,221.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Higginson sold 1,000 shares of the 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 directly owns 10,707 shares of the company’s stock, valued at approximately $2,159,066.55. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,250 shares of company stock worth $897,594 in the last three months. Company insiders own 0.58% of the company’s stock.

Hedge Funds Weigh In On F5

Several hedge funds have recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in F5 in the third quarter worth about $28,000. New Covenant Trust Company N.A. bought a new position in shares of F5 during the 1st quarter worth $27,000. Kathleen S. Wright Associates Inc. purchased a new stake in F5 in the 3rd quarter worth about $32,000. Family Firm Inc. bought a new stake in F5 in the 2nd quarter valued at about $25,000. Finally, Quest Partners LLC lifted its holdings in F5 by 9,100.0% during the second quarter. Quest Partners LLC now owns 184 shares of the network technology company’s stock valued at $32,000 after purchasing an additional 182 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.