F5 (NASDAQ:FFIV) Price Target Increased to $210.00 by Analysts at Evercore ISI

F5 (NASDAQ:FFIV) had its price target upped by Evercore ISI from $180.00 to $210.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has an in-line rating on the network technology company’s stock.

Several other research analysts have also issued reports on the stock. Barclays increased their target price on shares of F5 from $189.00 to $214.00 and gave the stock an equal weight rating in a research note on Tuesday. Needham & Company LLC increased their target price on shares of F5 from $220.00 to $235.00 and gave the stock a buy rating in a research note on Tuesday. Royal Bank of Canada upped their price objective on shares of F5 from $182.00 to $205.00 and gave the stock a sector perform rating in a report on Tuesday. Piper Sandler upped their price objective on shares of F5 from $167.00 to $186.00 and gave the stock a neutral rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price objective on shares of F5 from $210.00 to $215.00 and gave the stock a neutral rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $200.89.

F5 Stock Performance

NASDAQ:FFIV opened at $191.99 on Tuesday. The firm’s fifty day moving average is $173.36 and its 200-day moving average is $179.66. F5 has a 52 week low of $145.45 and a 52 week high of $205.92. The firm has a market cap of $11.25 billion, a P/E ratio of 22.99, a P/E/G ratio of 2.66 and a beta of 1.08.

F5 (NASDAQ:FFIV) last issued its earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.97 by $0.39. The business had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. F5 had a net margin of 19.94% and a return on equity of 21.03%. F5’s revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.46 earnings per share. As a group, sell-side analysts anticipate that F5 will post 9.8 earnings per share for the current year.

Insider Activity

In other news, Director Michael L. Dreyer sold 2,250 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $167.93, for a total value of $377,842.50. Following the completion of the sale, the director now owns 4,867 shares in the company, valued at $817,315.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Michael L. Dreyer sold 2,250 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $167.93, for a total value of $377,842.50. Following the completion of the sale, the director now owns 4,867 shares in the company, valued at $817,315.31. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 1,450 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $169.55, for a total transaction of $245,847.50. Following the completion of the sale, the chief executive officer now owns 122,912 shares of the company’s stock, valued at approximately $20,839,729.60. The disclosure for this sale can be found here. Insiders sold a total of 10,885 shares of company stock worth $1,888,222 over the last quarter. Insiders own 0.58% of the company’s stock.

Institutional Trading of F5

Large investors have recently added to or reduced their stakes in the stock. Atlantic Edge Private Wealth Management LLC purchased a new stake in F5 during the fourth quarter worth about $25,000. Family Firm Inc. purchased a new stake in F5 during the second quarter worth about $25,000. New Covenant Trust Company N.A. purchased a new stake in F5 during the first quarter worth about $27,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in F5 during the fourth quarter worth about $34,000. Finally, Register Financial Advisors LLC purchased a new stake in F5 during the first quarter worth about $38,000. 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.