F5, Inc. (NASDAQ:FFIV) Receives Average Rating of “Hold” from Brokerages

Shares of F5, Inc. (NASDAQ:FFIV) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $185.10.

Several research firms have commented on FFIV. Piper Sandler reaffirmed a “neutral” rating and set a $167.00 price objective (down from $187.00) on shares of F5 in a research note on Tuesday, April 30th. JPMorgan Chase & Co. boosted their target price on shares of F5 from $197.00 to $205.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Royal Bank of Canada lowered their target price on shares of F5 from $204.00 to $182.00 and set a “sector perform” rating for the company in a research note on Tuesday, April 30th. Barclays lowered their target price on shares of F5 from $206.00 to $189.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 30th. Finally, Evercore ISI lowered their target price on shares of F5 from $200.00 to $180.00 and set an “in-line” rating for the company in a research note on Tuesday, April 30th.

Insider Buying and Selling

In related news, EVP Scot Frazier Rogers sold 3,315 shares of the company’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $168.46, for a total value of $558,444.90. Following the completion of the sale, the executive vice president now directly owns 19,493 shares of the company’s stock, valued at $3,283,790.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the business’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $167.53, for a total value of $142,568.03. Following the completion of the transaction, the executive vice president now directly owns 15,504 shares in the company, valued at $2,597,385.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scot Frazier Rogers sold 3,315 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $168.46, for a total transaction of $558,444.90. Following the completion of the transaction, the executive vice president now owns 19,493 shares of the company’s stock, valued at $3,283,790.78. The disclosure for this sale can be found here. Insiders sold a total of 11,766 shares of company stock valued at $1,992,195 over the last three months. 0.58% of the stock is owned by company insiders.

Hedge Funds Weigh In On F5

A number of large investors have recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of F5 during the fourth quarter valued at about $25,000. New Covenant Trust Company N.A. acquired a new position in shares of F5 during the first quarter valued at about $27,000. Pacific Capital Wealth Advisors Inc. acquired a new position in shares of F5 during the fourth quarter valued at about $34,000. Register Financial Advisors LLC acquired a new position in shares of F5 during the first quarter valued at about $38,000. Finally, Washington Trust Advisors Inc. acquired a new position in shares of F5 during the fourth quarter valued at about $36,000. 90.66% of the stock is currently owned by institutional investors.

F5 Stock Performance

Shares of FFIV opened at $171.58 on Wednesday. The company’s fifty day moving average is $169.76 and its 200 day moving average is $179.13. The stock has a market capitalization of $10.06 billion, a PE ratio of 20.55, a P/E/G ratio of 2.28 and a beta of 1.08. F5 has a fifty-two week low of $142.81 and a fifty-two week high of $199.49.

F5 (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, April 29th. The network technology company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.88 by $0.03. The company had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. F5 had a net margin of 17.91% and a return on equity of 21.41%. F5’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.70 earnings per share. As a group, research analysts forecast that F5 will post 9.64 earnings per share for the current year.

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.