F5 (NASDAQ:FFIV) Hits New 52-Week High - Here's What Happened

Key Points

• F5, Inc. (NASDAQ:FFIV) reached a new 52-week high of $337.55, with its last trading price at $336.51.
• Brokerages have raised their price targets for F5, with Needham & Company setting their new target at $345.00 and Piper Sandler at $355.00, while maintaining a consensus rating of "Hold."
• F5 reported an EPS of $4.16 for the last quarter, significantly exceeding expectations and showing a revenue increase of 12.2% year-over-year.

F5, Inc. (NASDAQ:FFIV - Get Free Report)'s stock price hit a new 52-week high on Wednesday . The company traded as high as $337.55 and last traded at $336.51, with a volume of 38629 shares changing hands. The stock had previously closed at $330.76.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on FFIV. Weiss Ratings restated a "buy (b)" rating on shares of F5 in a research note on Saturday, September 27th. Needham & Company LLC lifted their price objective on F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on F5 from $314.00 to $326.00 and gave the stock a "sector perform" rating in a research report on Thursday, July 31st. Piper Sandler lifted their price objective on F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Finally, Morgan Stanley lifted their price objective on F5 from $305.00 to $312.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $309.89.

F5 Trading Up 3.4%

The stock has a market cap of $19.65 billion, a P/E ratio of 30.04, a PEG ratio of 3.61 and a beta of 1.06. The company has a 50 day simple moving average of $320.34 and a 200 day simple moving average of $294.20.

F5 (NASDAQ:FFIV - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.67. The firm had revenue of $780.37 million for the quarter, compared to analyst estimates of $750.64 million. F5 had a return on equity of 21.77% and a net margin of 22.06%.The business's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.36 EPS. F5 has set its FY 2025 guidance at 15.240-15.380 EPS. Q4 2025 guidance at 3.870-3.990 EPS. As a group, sell-side analysts expect that F5, Inc. will post 11.2 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $320.61, for a total transaction of $416,793.00. Following the transaction, the chief executive officer directly owned 107,553 shares of the company's stock, valued at approximately $34,482,567.33. The trade was a 1.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lyra Amber Schramm sold 2,701 shares of the business's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $316.57, for a total value of $855,055.57. The disclosure for this sale can be found here. Insiders sold a total of 11,945 shares of company stock valued at $3,796,542 over the last 90 days. 0.52% of the stock is owned by insiders.

Institutional Trading of F5

A number of institutional investors have recently modified their holdings of the stock. Private Advisory Group LLC bought a new stake in shares of F5 during the 1st quarter worth $469,000. Vestcor Inc increased its holdings in F5 by 689.3% in the 1st quarter. Vestcor Inc now owns 7,364 shares of the network technology company's stock worth $1,961,000 after purchasing an additional 6,431 shares in the last quarter. Golden State Wealth Management LLC increased its holdings in F5 by 275.0% in the 1st quarter. Golden State Wealth Management LLC now owns 105 shares of the network technology company's stock worth $28,000 after purchasing an additional 77 shares in the last quarter. Norden Group LLC acquired a new position in F5 in the 1st quarter worth about $234,000. Finally, OneDigital Investment Advisors LLC acquired a new position in F5 in the 1st quarter worth about $240,000. 90.66% of the stock is currently owned by institutional investors.

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.

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