Analysts Set F5, Inc. (NASDAQ:FFIV) Target Price at $282.56

F5, Inc. (NASDAQ:FFIV - Get Free Report) has been assigned an average recommendation of "Hold" from the nine research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $282.56.

Several research firms have recently weighed in on FFIV. Piper Sandler lifted their target price on shares of F5 from $262.00 to $269.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 29th. Wall Street Zen downgraded shares of F5 from a "strong-buy" rating to a "buy" rating in a research note on Thursday, May 22nd. Needham & Company LLC reiterated a "buy" rating and issued a $320.00 target price on shares of F5 in a research note on Tuesday, April 29th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $290.00 target price on shares of F5 in a research note on Tuesday, April 29th. Finally, Barclays cut their price objective on shares of F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th.

F5 Price Performance

Shares of FFIV traded up $0.65 during trading hours on Wednesday, hitting $287.13. The company's stock had a trading volume of 842,795 shares, compared to its average volume of 556,815. The company has a market cap of $16.49 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 3.65 and a beta of 1.00. The business has a 50 day simple moving average of $277.78 and a two-hundred day simple moving average of $273.80. F5 has a 52-week low of $167.35 and a 52-week high of $313.00.

F5 (NASDAQ:FFIV - Get Free Report) last posted its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, topping the consensus estimate of $3.11 by $0.31. The firm had revenue of $590.16 million during the quarter, compared to the consensus estimate of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The company's revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $2.91 earnings per share. Research analysts predict that F5 will post 11.2 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the stock in a transaction dated 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 directly owns 148,647 shares in the company, valued at $39,446,454.39. This trade represents a 0.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Higginson sold 1,272 shares of the stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the transaction, the director now owns 9,919 shares of the company's stock, valued at approximately $2,843,678.11. The trade was a 11.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,519 shares of company stock worth $2,370,959 in the last three months. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC increased its stake in F5 by 134.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 103 shares of the network technology company's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Golden State Wealth Management LLC increased its stake 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 valued at $28,000 after purchasing an additional 77 shares in the last quarter. Park Square Financial Group LLC bought a new stake in F5 during the 4th quarter valued at about $31,000. Groupe la Francaise bought a new stake in F5 during the 1st quarter valued at about $34,000. Finally, Flaharty Asset Management LLC bought a new stake in F5 during the 1st quarter valued at about $35,000. 90.66% of the stock is currently owned by institutional investors.

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.