F5 (NASDAQ:FFIV) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reiterated their buy rating on shares of F5 (NASDAQ:FFIV) in a report published on Tuesday morning, Benzinga reports. They currently have a $220.00 target price on the network technology company’s stock.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. upped their price target on F5 from $197.00 to $205.00 and gave the company a neutral rating in a research report on Thursday, April 11th. Barclays lifted their target price on F5 from $163.00 to $206.00 and gave the stock an equal weight rating in a report on Tuesday, January 30th. Royal Bank of Canada restated a sector perform rating and set a $204.00 price target on shares of F5 in a report on Friday, February 9th. Piper Sandler lifted their price objective on shares of F5 from $170.00 to $187.00 and gave the company a neutral rating in a research note on Tuesday, January 30th. Finally, The Goldman Sachs Group boosted their target price on shares of F5 from $156.00 to $179.00 and gave the company a neutral rating in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, F5 has an average rating of Hold and an average target price of $185.10.

F5 Trading Down 0.1 %

NASDAQ FFIV opened at $165.94 on Tuesday. The business’s 50-day moving average price is $186.63 and its two-hundred day moving average price is $176.67. F5 has a 12 month low of $130.34 and a 12 month high of $199.49. The firm has a market capitalization of $9.76 billion, a PE ratio of 19.87, a price-to-earnings-growth ratio of 2.22 and a beta of 1.14.

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

Insiders Place Their Bets

In other news, 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 sale, the executive vice president now directly owns 15,008 shares of the company’s stock, valued at $2,747,364.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total transaction of $155,784.06. Following the completion of the sale, the executive vice president now directly owns 15,008 shares of the company’s stock, valued at approximately $2,747,364.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 6,400 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $188.02, for a total value of $1,203,328.00. Following the completion of the transaction, the chief executive officer now owns 123,251 shares in the company, valued at approximately $23,173,653.02. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,052 shares of company stock worth $2,050,633. Insiders own 0.58% of the company’s stock.

Institutional Investors Weigh In On F5

Several institutional investors and hedge funds have recently added to or reduced their stakes in FFIV. Atlantic Edge Private Wealth Management LLC bought a new position in shares of F5 in the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of F5 in the fourth quarter valued at approximately $34,000. Washington Trust Advisors Inc. bought a new position in shares of F5 in the fourth quarter valued at approximately $36,000. Register Financial Advisors LLC bought a new position in shares of F5 in the first quarter valued at approximately $38,000. Finally, Addison Advisors LLC grew its holdings in shares of F5 by 36.1% in the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company’s stock valued at $45,000 after acquiring an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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.