Evercore ISI Trims F5 (NASDAQ:FFIV) Target Price to $180.00

F5 (NASDAQ:FFIV) had its price objective lowered by Evercore ISI from $200.00 to $180.00 in a report published on Tuesday, Benzinga reports. The firm currently has an in-line rating on the network technology company’s stock.

Other research analysts have also issued research reports about the company. KeyCorp raised their price objective on F5 from $186.00 to $204.00 and gave the company an overweight rating in a research report on Thursday, January 18th. Needham & Company LLC restated a buy rating and set a $220.00 price objective on shares of F5 in a research report on Tuesday. The Goldman Sachs Group raised their price objective on F5 from $156.00 to $179.00 and gave the company a neutral rating in a research report on Tuesday, January 30th. Piper Sandler restated a neutral rating and set a $167.00 price objective (down previously from $187.00) on shares of F5 in a research report on Tuesday. Finally, Royal Bank of Canada restated a sector perform rating and set a $204.00 price objective on shares of F5 in a research report on Friday, February 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, F5 has an average rating of Hold and an average target price of $185.10.

F5 Stock Performance

Shares of FFIV stock opened at $165.94 on Tuesday. F5 has a 52-week low of $130.34 and a 52-week high of $199.49. The firm has a market capitalization of $9.76 billion, a PE ratio of 19.87, a PEG ratio of 2.22 and a beta of 1.14. The stock has a fifty day simple moving average of $186.63 and a two-hundred day simple moving average of $176.67.

F5 (NASDAQ:FFIV) last issued its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.88 by $0.03. F5 had a return on equity of 21.41% and a net margin of 17.91%. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $685.47 million. During the same quarter in the prior year, the business posted $1.70 EPS. F5’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, sell-side analysts forecast that F5 will post 9.59 EPS for the current fiscal year.

Insider Activity at F5

In other F5 news, EVP Thomas Dean Fountain sold 851 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were 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 of the company’s stock, valued at $2,747,364.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other F5 news, CFO Francis J. Pelzer sold 500 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $178.81, for a total value of $89,405.00. Following the completion of the sale, the chief financial officer now owns 31,290 shares of the company’s stock, valued at $5,594,964.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Thomas Dean Fountain sold 851 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $183.06, for a total transaction of $155,784.06. Following the completion of the sale, the executive vice president now directly owns 15,008 shares of the company’s stock, valued at approximately $2,747,364.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,052 shares of company stock valued at $2,050,633. Insiders own 0.58% of the company’s stock.

Institutional Trading of F5

Several institutional investors have recently added to or reduced their stakes in the company. Atlantic Edge Private Wealth Management LLC purchased a new position in shares of F5 during the fourth quarter worth approximately $25,000. Pacific Capital Wealth Advisors Inc. purchased a new position in shares of F5 during the fourth quarter worth approximately $34,000. Washington Trust Advisors Inc. purchased a new position in shares of F5 during the fourth quarter worth approximately $36,000. Register Financial Advisors LLC purchased a new position in shares of F5 during the first quarter worth approximately $38,000. Finally, Addison Advisors LLC increased its position 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 worth $45,000 after acquiring an additional 74 shares during the period. Institutional investors own 90.66% of the company’s stock.

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.