F5 (NASDAQ:FFIV) Given New $212.00 Price Target at The Goldman Sachs Group

F5 (NASDAQ:FFIV) had its price target raised by The Goldman Sachs Group from $185.00 to $212.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a neutral rating on the network technology company’s stock.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. increased their price target on F5 from $210.00 to $215.00 and gave the stock a neutral rating in a report on Tuesday, July 30th. Evercore ISI increased their price target on F5 from $180.00 to $210.00 and gave the stock an in-line rating in a report on Tuesday, July 30th. Piper Sandler increased their price target on F5 from $167.00 to $186.00 and gave the stock a neutral rating in a report on Tuesday, July 30th. StockNews.com cut F5 from a strong-buy rating to a buy rating in a report on Tuesday, September 10th. Finally, Royal Bank of Canada increased their price target on F5 from $182.00 to $205.00 and gave the stock a sector perform rating in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, F5 currently has a consensus rating of Hold and a consensus target price of $204.56.

F5 Stock Down 1.1 %

Shares of NASDAQ:FFIV opened at $219.00 on Tuesday. The business has a fifty day moving average of $198.84 and a two-hundred day moving average of $184.54. The stock has a market cap of $12.84 billion, a P/E ratio of 26.23, a PEG ratio of 2.77 and a beta of 1.06. F5 has a 52-week low of $145.45 and a 52-week high of $223.74.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.97 by $0.39. The company had revenue of $695.50 million during the quarter, compared to analysts’ expectations of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.46 EPS. On average, equities analysts anticipate that F5 will post 10.18 earnings per share for the current year.

Insider Activity at F5

In related news, CEO Francois Locoh-Donou sold 1,450 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total transaction of $249,327.50. Following the completion of the transaction, the chief executive officer now directly owns 121,462 shares in the company, valued at approximately $20,885,390.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other F5 news, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $171.95, for a total value of $249,327.50. Following the sale, the chief executive officer now owns 121,462 shares of the company’s stock, valued at approximately $20,885,390.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Francis J. Pelzer sold 600 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $217.50, for a total value of $130,500.00. Following the completion of the sale, the chief financial officer now directly owns 30,425 shares in the company, valued at approximately $6,617,437.50. The disclosure for this sale can be found here. Insiders sold 7,871 shares of company stock worth $1,508,705 in the last three months. 0.58% of the stock is owned by company insiders.

Institutional Investors Weigh In On F5

A number of hedge funds have recently bought and sold shares of FFIV. Commerce Bank raised its position in shares of F5 by 3.1% during the 4th quarter. Commerce Bank now owns 1,912 shares of the network technology company’s stock worth $342,000 after acquiring an additional 57 shares in the last quarter. Simon Quick Advisors LLC raised its position in shares of F5 by 4.9% during the 2nd quarter. Simon Quick Advisors LLC now owns 1,353 shares of the network technology company’s stock worth $233,000 after acquiring an additional 63 shares in the last quarter. Tocqueville Asset Management L.P. raised its position in shares of F5 by 0.6% during the 1st quarter. Tocqueville Asset Management L.P. now owns 11,531 shares of the network technology company’s stock worth $2,186,000 after acquiring an additional 64 shares in the last quarter. Profund Advisors LLC raised its position in shares of F5 by 6.3% during the 2nd quarter. Profund Advisors LLC now owns 1,185 shares of the network technology company’s stock worth $204,000 after acquiring an additional 70 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of F5 by 0.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 28,231 shares of the network technology company’s stock worth $4,862,000 after acquiring an additional 73 shares in the last quarter. Institutional investors and hedge funds 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.