Morgan Stanley Raises F5 (NASDAQ:FFIV) Price Target to $312.00

by · The Cerbat Gem

F5 (NASDAQ:FFIV – Free Report) had its price objective lifted by Morgan Stanley from $305.00 to $312.00 in a report released on Thursday morning,Benzinga reports. They currently have an equal weight rating on the network technology company’s stock.

Other equities analysts have also recently issued reports about the stock. Wolfe Research started coverage on shares of F5 in a research note on Monday, July 7th. They set an “outperform” rating for the company. JPMorgan Chase & Co. increased their price objective on shares of F5 from $285.00 to $305.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. William Blair reaffirmed an “outperform” rating on shares of F5 in a report on Tuesday, April 29th. Needham & Company LLC boosted their target price on F5 from $320.00 to $345.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Piper Sandler raised their price target on F5 from $304.00 to $355.00 and gave the company a “neutral” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $309.89.

View Our Latest Research Report on F5

F5 Trading Up 4.8%

NASDAQ:FFIV opened at $313.42 on Thursday. The stock has a 50-day moving average price of $294.02 and a 200 day moving average price of $282.06. The stock has a market capitalization of $18.00 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.78 and a beta of 1.00. F5 has a 12-month low of $184.80 and a 12-month high of $334.00.

F5 (NASDAQ:FFIV – Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The network technology company reported $4.16 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.67. The business had revenue of $780.37 million during the quarter, compared to the consensus estimate of $750.64 million. F5 had a return on equity of 22.19% and a net margin of 22.06%. The firm’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same period in the prior year, the company posted $3.36 EPS. On average, research analysts predict that F5 will post 11.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Francois Locoh-Donou sold 1,300 shares of F5 stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $294.32, for a total value of $382,616.00. Following the completion of the transaction, the chief executive officer owned 107,100 shares in the company, valued at approximately $31,521,672. The trade was a 1.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Elizabeth Buse sold 1,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $293.53, for a total value of $440,295.00. Following the transaction, the director directly owned 5,013 shares in the company, valued at approximately $1,471,465.89. This represents a 23.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,872 shares of company stock valued at $1,702,309. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On F5

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake in shares of F5 by 5.3% during the 4th quarter. HighTower Advisors LLC now owns 966 shares of the network technology company’s stock worth $243,000 after purchasing an additional 49 shares during the period. LPL Financial LLC raised its position in F5 by 5.4% in the 4th quarter. LPL Financial LLC now owns 20,249 shares of the network technology company’s stock worth $5,092,000 after purchasing an additional 1,046 shares during the period. Allstate Corp bought a new stake in F5 in the fourth quarter worth about $318,000. O Shaughnessy Asset Management LLC boosted its position in shares of F5 by 97.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 4,916 shares of the network technology company’s stock valued at $1,236,000 after buying an additional 2,424 shares during the period. Finally, B. Metzler seel. Sohn & Co. AG boosted its position in shares of F5 by 213.5% during the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 3,853 shares of the network technology company’s stock valued at $969,000 after buying an additional 2,624 shares during the period. Hedge funds and other institutional investors own 90.66% of the company’s stock.

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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