F5, Inc. (NASDAQ:FFIV) Receives $295.00 Consensus Target Price from Analysts

F5, Inc. (NASDAQ:FFIV) has received an average rating of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $295.00.

Several equities analysts have recently issued reports on the company. Bank of America boosted their target price on F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. Barclays boosted their target price on F5 from $246.00 to $296.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada boosted their target price on F5 from $260.00 to $310.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 29th. Piper Sandler upped their price target on F5 from $246.00 to $304.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley upped their price target on F5 from $262.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 29th.

F5 Stock Performance

FFIV opened at $262.46 on Monday. F5 has a 52-week low of $159.01 and a 52-week high of $313.00. The stock has a market capitalization of $15.13 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 3.85 and a beta of 1.10. The stock’s 50 day moving average price is $282.85 and its 200-day moving average price is $250.26.

Insider Transactions at F5

In other news, EVP Scot Frazier Rogers sold 3,486 shares of the stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $293.18, for a total value of $1,022,025.48. Following the sale, the executive vice president now directly owns 20,075 shares of the company’s stock, valued at approximately $5,885,588.50. This represents a 14.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Marianne Budnik sold 1,872 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $260.72, for a total value of $488,067.84. Following the completion of the sale, the director now directly owns 1,207 shares in the company, valued at approximately $314,689.04. This represents a 60.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,932 shares of company stock valued at $4,965,150. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Park Square Financial Group LLC bought a new position in shares of F5 during the fourth quarter valued at $31,000. Crowley Wealth Management Inc. bought a new position in shares of F5 during the fourth quarter valued at $35,000. Hurley Capital LLC bought a new position in shares of F5 during the fourth quarter valued at $43,000. Friedenthal Financial bought a new position in shares of F5 during the fourth quarter valued at $50,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of F5 by 31.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock valued at $51,000 after purchasing an additional 49 shares in the last quarter. 90.66% of the stock is owned by institutional investors.

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.