F5’s (FFIV) “Sector Perform” Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada restated their sector perform rating on shares of F5 (NASDAQ:FFIV) in a research note issued to investors on Tuesday,Benzinga reports. Royal Bank of Canada currently has a $290.00 price target on the network technology company’s stock.

Other equities analysts also recently issued reports about the stock. The Goldman Sachs Group upped their price target 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 raised their target price on shares of F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Friday, January 31st. William Blair reiterated an “outperform” rating on shares of F5 in a research note on Tuesday. JPMorgan Chase & Co. reduced their price target on F5 from $296.00 to $285.00 and set a “neutral” rating on the stock in a research report on Thursday, April 17th. Finally, Barclays dropped their price objective on F5 from $296.00 to $274.00 and set an “equal weight” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $282.56.

F5 Stock Up 0.4 %

F5 stock opened at $265.77 on Tuesday. The company’s 50-day moving average price is $266.38 and its two-hundred day moving average price is $261.65. The stock has a market cap of $15.32 billion, a P/E ratio of 26.42, a P/E/G ratio of 3.85 and a beta of 1.14. F5 has a twelve month low of $163.12 and a twelve month high of $313.00.

F5 (NASDAQ:FFIV) last announced its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.31. F5 had a return on equity of 20.98% and a net margin of 20.58%. The company had revenue of $590.16 million for the quarter, compared to analyst estimates of $719.91 million. During the same quarter last year, the company earned $2.91 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts anticipate that F5 will post 11.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other F5 news, insider Lyra Amber Schramm sold 253 shares of the business’s stock in a transaction on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the sale, the insider now owns 200 shares of the company’s stock, valued at approximately $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $265.37, for a total value of $344,981.00. Following the completion of the transaction, the chief executive officer now owns 148,647 shares of the company’s stock, valued at $39,446,454.39. The trade was a 0.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,504 shares of company stock worth $5,088,492 in the last ninety days. 0.52% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC boosted its position in F5 by 275.0% during the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company’s stock worth $28,000 after buying an additional 77 shares during the period. Park Square Financial Group LLC acquired a new position in shares of F5 during the fourth quarter worth $31,000. Crowley Wealth Management Inc. bought a new stake in shares of F5 in the fourth quarter worth $35,000. Hurley Capital LLC acquired a new stake in F5 in the fourth quarter valued at $43,000. Finally, Friedenthal Financial bought a new position in F5 during the 4th quarter worth $50,000. Institutional investors and hedge funds 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.