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

Shares of F5, Inc. (NASDAQ:FFIV) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $295.00.

Several equities analysts recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of F5 from $257.00 to $295.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Bank of America boosted their price objective on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Friday, January 31st. Needham & Company LLC increased their target price on F5 from $285.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada upped their price objective on shares of F5 from $260.00 to $310.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Barclays boosted their target price on shares of F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th.

Insider Activity

In related news, EVP Scot Frazier Rogers sold 3,486 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $293.18, for a total transaction of $1,022,025.48. Following the sale, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at $5,885,588.50. This represents a 14.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Marianne Budnik sold 728 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $304.45, for a total transaction of $221,639.60. Following the completion of the transaction, the director now directly owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,232 shares of company stock valued at $5,310,131. Company insiders own 0.52% of the company’s stock.

Institutional Trading of F5

Hedge funds have recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in shares of F5 during the 4th quarter worth $31,000. Crowley Wealth Management Inc. acquired a new position in F5 in the fourth quarter valued at approximately $35,000. Hurley Capital LLC purchased a new position in F5 in the fourth quarter valued at approximately $43,000. Friedenthal Financial purchased a new stake in shares of F5 during the 4th quarter worth approximately $50,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after buying an additional 49 shares during the last quarter. Institutional investors and hedge funds own 90.66% of the company’s stock.

F5 Stock Down 4.7 %

F5 stock opened at $239.25 on Friday. The business’s 50-day moving average price is $283.88 and its 200 day moving average price is $256.77. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 23.78, a price-to-earnings-growth ratio of 3.85 and a beta of 1.14. F5 has a 52 week low of $159.01 and a 52 week high of $313.00.

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.