F5 (NASDAQ:FFIV) PT Lowered to $180.00

F5 (NASDAQ:FFIV) had its price objective cut by Evercore ISI from $200.00 to $180.00 in a report issued on Tuesday, Benzinga reports. They currently have an in-line rating on the network technology company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Barclays decreased their price target on shares of F5 from $206.00 to $189.00 and set an equal weight rating for the company in a report on Tuesday. The Goldman Sachs Group raised their target price on F5 from $156.00 to $179.00 and gave the company a neutral rating in a report on Tuesday, January 30th. Needham & Company LLC reiterated a buy rating and set a $220.00 price target on shares of F5 in a report on Tuesday. Piper Sandler restated a neutral rating and issued a $167.00 price objective (down previously from $187.00) on shares of F5 in a research note on Tuesday. Finally, Royal Bank of Canada reiterated a sector perform rating and set a $204.00 target price on shares of F5 in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $185.10.

F5 Trading Down 0.3 %

FFIV opened at $166.07 on Tuesday. The stock has a fifty day moving average price of $187.01 and a 200 day moving average price of $176.75. F5 has a 1 year low of $130.34 and a 1 year high of $199.49. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 2.22 and a beta of 1.14.

F5 (NASDAQ:FFIV) last issued its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.03. F5 had a net margin of 17.91% and a return on equity of 21.41%. The firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $685.47 million. During the same period in the prior year, the company posted $1.70 earnings per share. F5’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that F5 will post 9.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other F5 news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the transaction, the chief financial officer now directly owns 31,790 shares in the company, valued at $6,012,124.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Francis J. Pelzer sold 500 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $189.12, for a total transaction of $94,560.00. Following the completion of the sale, the chief financial officer now owns 31,790 shares in the company, valued at approximately $6,012,124.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $183.06, for a total transaction of $155,784.06. Following the completion of the transaction, the executive vice president now owns 15,008 shares in the company, valued at $2,747,364.48. The disclosure for this sale can be found here. Insiders sold 11,052 shares of company stock worth $2,050,633 in the last 90 days. 0.58% of the stock is owned by company insiders.

Institutional Trading of F5

Several large investors have recently made changes to their positions in the business. Asset Management One Co. Ltd. raised its stake in shares of F5 by 3.9% in the third quarter. Asset Management One Co. Ltd. now owns 27,477 shares of the network technology company’s stock worth $4,428,000 after acquiring an additional 1,044 shares during the last quarter. Handelsbanken Fonder AB raised its position in F5 by 41.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 11,300 shares of the network technology company’s stock worth $1,821,000 after purchasing an additional 3,300 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in F5 by 3.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,981 shares of the network technology company’s stock worth $642,000 after buying an additional 139 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of F5 by 12.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,486 shares of the network technology company’s stock valued at $34,562,000 after buying an additional 23,681 shares during the period. Finally, Simon Quick Advisors LLC bought a new position in F5 in the third quarter valued at about $201,000. 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.