F5 (NASDAQ:FFIV) Earns “Sector Perform” Rating from Royal Bank of Canada

Royal Bank of Canada reissued their sector perform rating on shares of F5 (NASDAQ:FFIVFree Report) in a report issued on Friday, Benzinga reports. They currently have a $204.00 price objective on the network technology company’s stock.

A number of other equities research analysts have also recently issued reports on FFIV. Barclays upped their target price on F5 from $163.00 to $206.00 and gave the stock an equal weight rating in a research report on Tuesday, January 30th. KeyCorp upped their target price on F5 from $186.00 to $204.00 and gave the stock an overweight rating in a research report on Thursday, January 18th. Piper Sandler upped their target price on F5 from $170.00 to $187.00 and gave the stock a neutral rating in a research report on Tuesday, January 30th. Needham & Company LLC increased their price objective on F5 from $200.00 to $220.00 and gave the company a buy rating in a research report on Tuesday, January 30th. Finally, TheStreet raised F5 from a c+ rating to a b- rating in a research report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $185.00.

Get Our Latest Research Report on F5

F5 Stock Performance

Shares of NASDAQ FFIV opened at $186.61 on Friday. The stock has a market cap of $10.97 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.76 and a beta of 1.11. The business has a 50 day simple moving average of $178.41 and a 200 day simple moving average of $165.57. F5 has a 52 week low of $127.05 and a 52 week high of $199.49.

F5 (NASDAQ:FFIVGet Free Report) last announced its quarterly earnings results on Monday, January 29th. The network technology company reported $3.43 EPS for the quarter, beating the consensus estimate of $3.04 by $0.39. The business had revenue of $693.00 million during the quarter, compared to analysts’ expectations of $684.77 million. F5 had a return on equity of 20.81% and a net margin of 16.43%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.65 EPS. On average, analysts predict that F5 will post 9.54 EPS for the current year.

Insider Buying and Selling

In related news, CFO Francis J. Pelzer sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $170.00, for a total value of $425,000.00. Following the completion of the transaction, the chief financial officer now directly owns 32,508 shares of the company’s stock, valued at $5,526,360. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Francis J. Pelzer sold 2,500 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $170.00, for a total value of $425,000.00. Following the completion of the transaction, the chief financial officer now directly owns 32,508 shares of the company’s stock, valued at $5,526,360. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Chad Michael Whalen sold 1,398 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $171.05, for a total value of $239,127.90. Following the completion of the transaction, the executive vice president now directly owns 21,927 shares of the company’s stock, valued at $3,750,613.35. The disclosure for this sale can be found here. Insiders sold a total of 6,398 shares of company stock valued at $1,106,048 over the last ninety days. 0.58% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FFIV. Millennium Management LLC lifted its holdings in shares of F5 by 582.2% during the fourth quarter. Millennium Management LLC now owns 643,449 shares of the network technology company’s stock valued at $92,341,000 after acquiring an additional 549,127 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of F5 by 6.5% during the second quarter. Hotchkis & Wiley Capital Management LLC now owns 5,959,643 shares of the network technology company’s stock valued at $871,657,000 after acquiring an additional 361,113 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of F5 by 203.5% during the third quarter. Acadian Asset Management LLC now owns 484,516 shares of the network technology company’s stock valued at $78,052,000 after acquiring an additional 324,886 shares during the period. Norges Bank bought a new position in shares of F5 in the fourth quarter valued at about $45,937,000. Finally, Ameriprise Financial Inc. raised its holdings in shares of F5 by 13.3% in the third quarter. Ameriprise Financial Inc. now owns 1,812,095 shares of the network technology company’s stock valued at $292,001,000 after buying an additional 212,784 shares during the last quarter. 89.89% of the stock is owned by institutional investors.

About F5

(Get Free Report)

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.

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