Barclays Boosts F5 (NASDAQ:FFIV) Price Target to $214.00

F5 (NASDAQ:FFIV) had its price objective upped by Barclays from $189.00 to $214.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an equal weight rating on the network technology company’s stock.

Several other research analysts have also recently issued reports on the company. Needham & Company LLC reissued a buy rating and issued a $220.00 target price on shares of F5 in a research report on Tuesday, April 30th. Evercore ISI reduced their target price on shares of F5 from $200.00 to $180.00 and set an in-line rating for the company in a report on Tuesday, April 30th. Piper Sandler reiterated a neutral rating and set a $167.00 price target (down previously from $187.00) on shares of F5 in a research note on Tuesday, April 30th. Royal Bank of Canada reduced their price objective on F5 from $204.00 to $182.00 and set a sector perform rating for the company in a research note on Tuesday, April 30th. Finally, JPMorgan Chase & Co. lifted their target price on F5 from $197.00 to $205.00 and gave the company a neutral rating in a research report on Thursday, April 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $200.89.

F5 Stock Down 4.0 %

Shares of FFIV stock opened at $195.48 on Tuesday. The firm has a market capitalization of $11.46 billion, a PE ratio of 23.41, a P/E/G ratio of 2.66 and a beta of 1.08. The company has a 50 day moving average price of $172.92 and a 200-day moving average price of $179.55. F5 has a 52 week low of $145.45 and a 52 week high of $205.92.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.97 by $0.39. The business had revenue of $695.50 million during the quarter, compared to analyst estimates of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.46 EPS. Analysts anticipate that F5 will post 9.8 earnings per share for the current year.

Insider Buying and Selling at F5

In related news, EVP Scot Frazier Rogers sold 3,315 shares of the stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $168.46, for a total transaction of $558,444.90. Following the completion of the sale, the executive vice president now owns 19,493 shares in the company, valued at $3,283,790.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other F5 news, EVP Scot Frazier Rogers sold 3,315 shares of F5 stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $168.46, for a total value of $558,444.90. Following the sale, the executive vice president now directly owns 19,493 shares in the company, valued at approximately $3,283,790.78. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Pelzer Frank 800 shares of the business’s stock in a transaction dated Tuesday, July 30th. The disclosure for this trade can be found here. Insiders have sold a total of 10,885 shares of company stock valued at $1,888,222 over the last ninety days. 0.58% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On F5

Several large investors have recently bought and sold shares of FFIV. Atlantic Edge Private Wealth Management LLC purchased a new stake in F5 during the fourth quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in F5 during the 2nd quarter valued at $25,000. New Covenant Trust Company N.A. purchased a new stake in F5 during the 1st quarter valued at $27,000. Pacific Capital Wealth Advisors Inc. bought a new stake in F5 in the fourth quarter worth $34,000. Finally, Register Financial Advisors LLC purchased a new position in F5 during the first quarter worth $38,000. 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.