F5 (NASDAQ:FFIV) Price Target Increased to $205.00 by Analysts at JPMorgan Chase & Co.

F5 (NASDAQ:FFIV - Free Report) had its price objective increased by JPMorgan Chase & Co. from $197.00 to $205.00 in a research note published on Thursday morning, Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the network technology company's stock.

Several other brokerages have also issued reports on FFIV. The Goldman Sachs Group raised their target price on F5 from $156.00 to $179.00 and gave the company a neutral rating in a research report on Tuesday, January 30th. Needham & Company LLC reaffirmed a buy rating and set a $220.00 target price on shares of F5 in a research report on Tuesday, February 13th. Barclays lifted their price objective on F5 from $163.00 to $206.00 and gave the stock an equal weight rating in a report on Tuesday, January 30th. Piper Sandler lifted their price objective on F5 from $170.00 to $187.00 and gave the stock a neutral rating in a report on Tuesday, January 30th. Finally, Royal Bank of Canada reissued a sector perform rating and issued a $204.00 price objective on shares of F5 in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, F5 presently has an average rating of Hold and a consensus target price of $186.82.

F5 Stock Up 0.5 %

NASDAQ:FFIV traded up $0.96 during trading hours on Thursday, hitting $192.09. 293,850 shares of the company traded hands, compared to its average volume of 440,823. The firm's 50-day simple moving average is $188.22 and its 200-day simple moving average is $174.46. F5 has a one year low of $127.05 and a one year high of $199.49. The company has a market cap of $11.30 billion, a PE ratio of 24.98, a PEG ratio of 2.82 and a beta of 1.11.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings data on Monday, January 29th. The network technology company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.39. F5 had a return on equity of 20.81% and a net margin of 16.43%. The business had revenue of $693.00 million for the quarter, compared to analysts' expectations of $684.77 million. During the same period last year, the business earned $1.65 EPS. The business's revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts expect that F5 will post 9.58 EPS for the current year.

Insider Activity

In other news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $180.09, for a total transaction of $90,045.00. Following the completion of the sale, the chief financial officer now owns 31,508 shares in the company, valued at approximately $5,674,275.72. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Thomas Dean Fountain sold 851 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $183.06, for a total value of $155,784.06. Following the completion of the sale, the executive vice president now owns 15,008 shares in the company, valued at approximately $2,747,364.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Francis J. Pelzer sold 500 shares of the business's stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $180.09, for a total value of $90,045.00. Following the completion of the sale, the chief financial officer now owns 31,508 shares of the company's stock, valued at approximately $5,674,275.72. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,201 shares of company stock worth $1,908,705. 0.58% of the stock is currently owned by insiders.

Institutional Trading of F5

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC bought a new stake in F5 in the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of F5 during the fourth quarter valued at $34,000. Washington Trust Advisors Inc. bought a new position in shares of F5 during the fourth quarter valued at $36,000. Addison Advisors LLC increased its holdings in shares of F5 by 36.1% during the third quarter. Addison Advisors LLC now owns 279 shares of the network technology company's stock valued at $45,000 after acquiring an additional 74 shares in the last quarter. Finally, Janiczek Wealth Management LLC boosted its position in shares of F5 by 56.4% during the fourth quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company's stock valued at $46,000 after buying an additional 93 shares during the last quarter. Institutional investors 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.