Brokerages Set F5, Inc. (NASDAQ:FFIV) Target Price at $295.00

F5, Inc. (NASDAQ:FFIV) has received an average rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $295.00.

A number of analysts have recently commented on FFIV shares. Royal Bank of Canada upped their price objective on F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 29th. Bank of America upped their price target on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Piper Sandler lifted their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. The Goldman Sachs Group boosted their target price on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Barclays raised their price target on shares of F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a report on Wednesday, January 29th.

Insider Buying and Selling at F5

In related news, Director Marianne Budnik sold 728 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the transaction, the director now owns 1,770 shares in the company, valued at approximately $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Lyra Amber Schramm sold 253 shares of the stock in a transaction dated Saturday, February 1st. The shares were sold at an average price of $297.26, for a total value of $75,206.78. Following the completion of the transaction, the insider now directly owns 200 shares of the company’s stock, valued at $59,452. This represents a 55.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,060 shares of company stock valued at $4,477,083 over the last 90 days. 0.52% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On F5

Institutional investors have recently made changes to their positions in the business. Siemens Fonds Invest GmbH increased its stake in shares of F5 by 2,300.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 65,996 shares of the network technology company’s stock worth $16,596,000 after buying an additional 63,247 shares during the last quarter. Park Square Financial Group LLC bought a new position in F5 during the 4th quarter valued at $31,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in F5 during the 4th quarter worth $22,947,000. Capital A Wealth Management LLC bought a new stake in shares of F5 in the 4th quarter worth about $222,000. Finally, Mackenzie Financial Corp raised its stake in shares of F5 by 7.0% in the 4th quarter. Mackenzie Financial Corp now owns 5,462 shares of the network technology company’s stock valued at $1,374,000 after purchasing an additional 357 shares in the last quarter. 90.66% of the stock is owned by institutional investors and hedge funds.

F5 Stock Performance

Shares of FFIV stock opened at $266.06 on Monday. The firm has a market capitalization of $15.34 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. F5 has a one year low of $159.01 and a one year high of $313.00. The company has a 50 day moving average price of $282.58 and a 200 day moving average price of $249.06.

About F5

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.