Piper Sandler Increases F5 (NASDAQ:FFIV) Price Target to $304.00

F5 (NASDAQ:FFIV - Get Free Report) had its price target boosted by investment analysts at Piper Sandler from $269.00 to $304.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the network technology company's stock. Piper Sandler's price target indicates a potential upside of 4.15% from the stock's previous close.

FFIV has been the subject of several other research reports. Barclays decreased their target price on F5 from $296.00 to $274.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Wolfe Research began coverage on F5 in a research report on Monday, July 7th. They issued an "outperform" rating for the company. Wall Street Zen lowered F5 from a "strong-buy" rating to a "buy" rating in a research report on Thursday, May 22nd. William Blair reiterated an "outperform" rating on shares of F5 in a research report on Tuesday, April 29th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $290.00 target price on shares of F5 in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, F5 currently has a consensus rating of "Hold" and a consensus price target of $286.44.

F5 Stock Down 2.7%

Shares of NASDAQ FFIV opened at $291.89 on Monday. F5 has a fifty-two week low of $170.21 and a fifty-two week high of $313.00. The business has a 50 day moving average price of $288.11 and a two-hundred day moving average price of $278.09. The firm has a market cap of $16.76 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings data on Monday, April 28th. The network technology company reported $3.42 earnings per share for the quarter, beating analysts' consensus estimates of $3.11 by $0.31. F5 had a return on equity of 21.18% and a net margin of 21.14%. The firm had revenue of $590.16 million during the quarter, compared to analyst estimates of $719.91 million. During the same quarter last year, the firm earned $2.91 EPS. F5's quarterly revenue was up 7.3% on a year-over-year basis. On average, analysts anticipate that F5 will post 11.2 earnings per share for the current year.

Insiders Place Their Bets

In other F5 news, CEO Francois Locoh-Donou sold 1,300 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $294.32, for a total transaction of $382,616.00. Following the completion of the transaction, the chief executive officer owned 107,100 shares in the company, valued at approximately $31,521,672. The trade was a 1.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan Higginson sold 1,272 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was sold at an average price of $286.69, for a total value of $364,669.68. Following the transaction, the director owned 9,919 shares of the company's stock, valued at $2,843,678.11. This trade represents a 11.37% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,519 shares of company stock worth $2,408,594. 0.52% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. boosted its position in 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 acquiring an additional 34 shares during the period. Colonial Trust Co SC boosted its position in F5 by 5.2% during the 4th 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 during the period. Meiji Yasuda Asset Management Co Ltd. boosted its position in F5 by 2.5% during the 1st 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 period. Spire Wealth Management boosted its position in F5 by 11.9% during the 1st quarter. Spire Wealth Management now owns 451 shares of the network technology company's stock worth $120,000 after acquiring an additional 48 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of F5 by 31.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company's stock worth $51,000 after buying an additional 49 shares in the last quarter. Institutional investors and hedge funds 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.

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