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

F5, Inc. (NASDAQ:FFIV) has been given an average recommendation of “Hold” by the nine analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $295.00.

Several brokerages recently issued reports on FFIV. Bank of America increased their price objective on F5 from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Friday, January 31st. Morgan Stanley increased their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. Evercore ISI increased their target price on F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a research report on Friday, January 17th. Royal Bank of Canada increased their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research report on Wednesday, January 29th. Finally, Piper Sandler increased their target price on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th.

F5 Stock Performance

Shares of NASDAQ FFIV opened at $275.63 on Monday. The business’s 50 day moving average price is $281.73 and its 200-day moving average price is $247.97. F5 has a fifty-two week low of $159.01 and a fifty-two week high of $313.00. The company has a market cap of $15.89 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 3.85 and a beta of 1.10.

Insider Transactions at F5

In related news, CEO Francois Locoh-Donou sold 6,500 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total value of $1,969,890.00. Following the completion of the transaction, the chief executive officer now owns 151,247 shares in the company, valued at $45,836,915.82. This trade represents a 4.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Chad Michael Whalen sold 4,093 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the transaction, the executive vice president now owns 27,264 shares of the company’s stock, valued at $7,915,557.12. This trade represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,060 shares of company stock valued at $4,477,083 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On F5

A number of institutional investors have recently modified their holdings of FFIV. Principal Financial Group Inc. raised its stake in shares of F5 by 1.8% during the 3rd quarter. Principal Financial Group Inc. now owns 90,002 shares of the network technology company’s stock valued at $19,818,000 after buying an additional 1,614 shares during the last quarter. Covestor Ltd raised its stake in shares of F5 by 17.0% during the 3rd quarter. Covestor Ltd now owns 862 shares of the network technology company’s stock valued at $190,000 after buying an additional 125 shares during the last quarter. Los Angeles Capital Management LLC raised its stake in shares of F5 by 1,681.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 285,639 shares of the network technology company’s stock valued at $62,898,000 after buying an additional 269,602 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of F5 by 79.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 320 shares of the network technology company’s stock valued at $70,000 after buying an additional 142 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of F5 by 0.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 147,859 shares of the network technology company’s stock valued at $32,559,000 after buying an additional 790 shares during 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.