JPMorgan Chase & Co. Issues Positive Forecast for F5 (NASDAQ:FFIV) Stock Price

F5 (NASDAQ:FFIV - Get Free Report) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from $285.00 to $305.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the network technology company's stock. JPMorgan Chase & Co.'s target price points to a potential upside of 1.65% from the company's current price.

A number of other equities analysts also recently commented on the stock. Wolfe Research began coverage on shares of F5 in a report on Monday, July 7th. They set an "outperform" rating for the company. Barclays decreased their price objective on F5 from $296.00 to $274.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. William Blair restated an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Piper Sandler reiterated a "neutral" rating and issued a $304.00 price target (up from $269.00) on shares of F5 in a research report on Monday. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a $290.00 price objective on shares of F5 in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $288.67.

F5 Price Performance

Shares of NASDAQ FFIV traded up $6.94 during trading hours on Thursday, hitting $300.06. 277,846 shares of the company's stock were exchanged, compared to its average volume of 543,392. F5 has a 1-year low of $170.21 and a 1-year high of $313.00. The stock has a market capitalization of $17.23 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 3.70 and a beta of 1.00. The company's 50-day moving average price is $289.68 and its 200-day moving average price is $278.54.

F5 (NASDAQ:FFIV - Get Free Report) last released its earnings results on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.31. The business had revenue of $590.16 million during the quarter, compared to analysts' expectations of $719.91 million. F5 had a net margin of 21.14% and a return on equity of 21.18%. The firm'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. On average, research analysts expect that F5 will post 11.2 earnings per share for the current year.

Insider Activity at F5

In related news, Director Elizabeth Buse sold 1,500 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $293.53, for a total value of $440,295.00. Following the completion of the transaction, the director owned 5,013 shares of the company's stock, valued at $1,471,465.89. The trade was a 23.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Higginson sold 1,272 shares of the firm's stock in a transaction dated Thursday, May 22nd. The shares were sold at an average price of $286.69, for a total transaction of $364,669.68. Following the completion of the transaction, the director directly owned 9,919 shares in the company, valued at approximately $2,843,678.11. This represents 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 $2,408,594 in the last three months. 0.52% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. raised its holdings in shares of F5 by 3.7% during the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock worth $240,000 after buying an additional 34 shares in the last quarter. Colonial Trust Co SC raised its stake in F5 by 5.2% during the fourth quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock worth $172,000 after acquiring an additional 34 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its holdings in shares of F5 by 2.5% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,805 shares of the network technology company's stock worth $481,000 after acquiring an additional 44 shares during the last quarter. Signaturefd LLC boosted its stake in shares of F5 by 2.6% in the 2nd quarter. Signaturefd LLC now owns 1,834 shares of the network technology company's stock valued at $540,000 after purchasing an additional 46 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in shares of F5 by 11.9% during the 1st quarter. Spire Wealth Management now owns 451 shares of the network technology company's stock valued at $120,000 after purchasing an additional 48 shares during the last quarter. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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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