F5 (NASDAQ:FFIV) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of F5 (NASDAQ:FFIV) in a research note released on Tuesday, Benzinga reports. Needham & Company LLC currently has a $220.00 price objective on the network technology company’s stock.

A number of other equities analysts have also recently issued reports on FFIV. JPMorgan Chase & Co. raised their target price on F5 from $197.00 to $205.00 and gave the stock a neutral rating in a report on Thursday, April 11th. Barclays raised their target price on F5 from $163.00 to $206.00 and gave the stock an equal weight rating in a report on Tuesday, January 30th. KeyCorp raised their target price on F5 from $186.00 to $204.00 and gave the stock an overweight rating in a report on Thursday, January 18th. Piper Sandler raised their target price on F5 from $170.00 to $187.00 and gave the stock a neutral rating in a report on Tuesday, January 30th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and set a $204.00 price target on shares of F5 in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and an average price target of $185.10.

F5 Stock Down 0.1 %

F5 stock opened at $165.94 on Tuesday. The business’s 50-day simple moving average is $186.63 and its 200 day simple moving average is $176.67. The stock has a market cap of $9.76 billion, a price-to-earnings ratio of 19.87, a P/E/G ratio of 2.22 and a beta of 1.14. F5 has a 12-month low of $130.34 and a 12-month high of $199.49.

F5 (NASDAQ:FFIV) last posted its quarterly earnings results on Monday, April 29th. The network technology company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $685.47 million. During the same quarter last year, the business earned $1.70 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. As a group, sell-side analysts expect that F5 will post 9.59 EPS for the current year.

Insider Activity at F5

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

Institutional Investors Weigh In On F5

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Asset Management One Co. Ltd. increased its position in shares of F5 by 3.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 27,477 shares of the network technology company’s stock worth $4,428,000 after purchasing an additional 1,044 shares during the last quarter. Handelsbanken Fonder AB increased its position in shares of F5 by 41.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 11,300 shares of the network technology company’s stock worth $1,821,000 after purchasing an additional 3,300 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of F5 by 3.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 3,981 shares of the network technology company’s stock worth $642,000 after purchasing an additional 139 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of F5 by 12.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 214,486 shares of the network technology company’s stock worth $34,562,000 after purchasing an additional 23,681 shares during the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in shares of F5 during the 3rd quarter worth approximately $201,000. Institutional investors and hedge funds 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.