F5, Inc. (NASDAQ:FFIV) Receives $186.82 Average Price Target from Brokerages

Shares of F5, Inc. (NASDAQ:FFIV - Get Free Report) have received a consensus rating of "Hold" from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $186.82.

FFIV has been the subject of several recent research reports. Royal Bank of Canada restated a "sector perform" rating and set a $204.00 target price on shares of F5 in a report on Friday, February 9th. KeyCorp boosted their price target on F5 from $186.00 to $204.00 and gave the company an "overweight" rating in a report on Thursday, January 18th. Needham & Company LLC reaffirmed a "buy" rating and issued a $220.00 price objective on shares of F5 in a research report on Tuesday, February 13th. Barclays upped their target price on F5 from $163.00 to $206.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 30th. Finally, JPMorgan Chase & Co. raised their price target on F5 from $197.00 to $205.00 and gave the stock a "neutral" rating in a research note on Thursday, April 11th.

F5 Price Performance

Shares of NASDAQ FFIV traded down $2.26 during trading on Friday, hitting $177.33. 422,724 shares of the company were exchanged, compared to its average volume of 433,725. F5 has a 1 year low of $127.05 and a 1 year high of $199.49. The company has a market cap of $10.43 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 2.67 and a beta of 1.11. The firm's fifty day moving average price is $187.93 and its 200 day moving average price is $175.41.

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

Insider Transactions at F5

In other F5 news, CFO Francis J. Pelzer sold 500 shares of F5 stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $180.09, for a total transaction of $90,045.00. Following the transaction, the chief financial officer now directly owns 31,508 shares of the company's stock, valued at $5,674,275.72. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, EVP Thomas Dean Fountain sold 851 shares of the stock in a transaction dated 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 $2,747,364.48. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Francis J. Pelzer sold 500 shares of the firm's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $180.09, for a total value of $90,045.00. Following the sale, the chief financial officer now owns 31,508 shares in the company, valued at $5,674,275.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,201 shares of company stock worth $1,908,705. 0.58% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On F5

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Atlantic Edge Private Wealth Management LLC acquired a new stake in shares of F5 during the fourth quarter valued at about $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in F5 during the 4th quarter valued at approximately $34,000. Register Financial Advisors LLC acquired a new stake in F5 during the 1st quarter valued at approximately $38,000. Washington Trust Advisors Inc. purchased a new stake in F5 during the 4th quarter worth approximately $36,000. Finally, Janiczek Wealth Management LLC raised its position in shares of F5 by 56.4% in the 4th quarter. Janiczek Wealth Management LLC now owns 258 shares of the network technology company's stock valued at $46,000 after purchasing an additional 93 shares in the last quarter. Hedge funds and other 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.