F5 (NASDAQ:FFIV) Price Target Raised to $326.00

Key Points

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F5 (NASDAQ:FFIV - Get Free Report) had its price target boosted by equities researchers at Royal Bank Of Canada from $314.00 to $326.00 in a report released on Thursday,Benzinga reports. The firm presently has a "sector perform" rating on the network technology company's stock. Royal Bank Of Canada's price objective would indicate a potential upside of 6.04% from the company's current price.

Other equities analysts also recently issued research reports about the stock. Needham & Company LLC lifted their price target on shares of F5 from $320.00 to $345.00 and gave the stock a "buy" rating in a report on Thursday. Wolfe Research started coverage on shares of F5 in a report on Monday, July 7th. They set an "outperform" rating on the stock. Morgan Stanley lifted their price target on shares of F5 from $280.00 to $305.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Piper Sandler lifted their price target on shares of F5 from $304.00 to $355.00 and gave the stock a "neutral" rating in a report on Thursday. Finally, William Blair reiterated an "outperform" rating on shares of F5 in a report on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, F5 presently has a consensus rating of "Hold" and an average price target of $309.89.

F5 Trading Down 1.9%

NASDAQ:FFIV traded down $5.99 on Thursday, hitting $307.43. The company had a trading volume of 790,548 shares, compared to its average volume of 494,142. The stock has a market capitalization of $17.66 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 3.96 and a beta of 1.03. The firm has a 50 day moving average of $294.53 and a two-hundred day moving average of $282.40. F5 has a 52 week low of $184.80 and a 52 week high of $334.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The network technology company reported $4.16 EPS for the quarter, beating the consensus estimate of $3.49 by $0.67. The business had revenue of $780.37 million during the quarter, compared to the consensus estimate of $750.64 million. F5 had a net margin of 22.06% and a return on equity of 21.77%. The firm's revenue was up 12.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.36 EPS. As a group, equities analysts forecast that F5 will post 11.2 EPS for the current year.

Insider Activity

In other F5 news, Director Alan Higginson sold 1,272 shares of F5 stock in a transaction on Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total value of $364,669.68. Following the completion of the sale, the director directly owned 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael L. Dreyer sold 1,800 shares of F5 stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $285.96, for a total transaction of $514,728.00. Following the completion of the sale, the director directly owned 4,376 shares of the company's stock, valued at approximately $1,251,360.96. This trade represents a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,872 shares of company stock worth $1,702,309 over the last ninety days. Corporate insiders own 0.52% of the company's stock.

Institutional Investors Weigh In On F5

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Whipplewood Advisors LLC increased its stake in F5 by 275.0% in the second quarter. Whipplewood Advisors LLC now owns 90 shares of the network technology company's stock valued at $26,000 after purchasing an additional 66 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC increased its stake in F5 by 134.1% in the first 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% in the first 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 in the fourth quarter valued at $31,000. Finally, Groupe la Francaise bought a new stake in F5 in the first quarter valued at $34,000. 90.66% of the stock is 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.