Guggenheim began reporting shares of F5 (NASDAQ:FFIV – Rating Received) in a research report sent to investors Monday morning, The Fly reports. The brokerage issued a neutral rating on the network technology company’s stock.
FFIV has been the subject of several other research reports. The Royal Bank of Canada lowered its price target for F5 shares from $175.00 to $160.00 and put a sector performance rating for the stock in a research report on Wednesday, October 26. Morgan Stanley raised its target price on F5 shares to $190.00 from $170.00 and gave the company an equal weight rating in a research report on Tuesday, December 13. Piper Sandler lowered its price target on F5 shares from $164.00 to $159.00 in a research report on Tuesday, January 17. Evercore ISI lowered its target price on shares of F5 to $155.00 in a research report on Thursday, October 20. Finally, on Wednesday, October 12th, StockNews.com began coverage of shares of F5 in a research report. You set a buy rating for the stock. Nine investment analysts have rated the stock with a hold rating and six have given it a buy rating. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $175.33.
F5 stock performance
Shares of FFIV opened at $147.77 on Monday. The company’s 50-day moving average is $147.39 and its 200-day moving average is $151.43. F5 has a 52-week low of $133.68 and a 52-week high of $227.24. The stock has a market cap of $8.92 billion, a P/E of 27.93, a P/E of 1.87, and a beta of 1.09.
F5 (NASDAQ:FFIV – Get Rating) last announced its quarterly earnings results on Tuesday, October 25th. The network technology company reported earnings per share of $1.82 for the quarter, beating the consensus estimate of $1.70 by $0.12. F5 had a net margin of 11.95% and a return on equity of 17.67%. The company had revenue of $700.03 million for the quarter, compared to analysts’ expectations of $692.17 million. As a group, research analysts are forecasting F5 to report year-to-date earnings per share of 8.06.
Insider buying and selling
In related news, CEO Francois Locoh-Donou sold 8,505 shares of the company’s stock in a transaction on Friday, December 9th. The shares sold at an average price of $152.26 for a total value of $1,294,971.30. Upon completion of the sale, the Chief Executive Officer now directly owns 113,335 shares of the Company, valued at $17,256,387.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink. In related news, EVP Chad Michael Whalen sold 2,493 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares sold at an average price of $141.16 for a total value of $351,911.88. Following the closing of the sale, the Executive Vice President now directly owns 14,460 shares of the Company, valued at $2,041,173.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed at this hyperlink. Also, CEO Francois Locoh-Donou sold 8,505 shares of the company’s shares in a transaction on Friday, December 9th. The stock sold at an average price of $152.26 for a total transaction of $1,294,971.30. Upon completion of the sale, the Chief Executive Officer now directly owns 113,335 shares of the Company, valued at $17,256,387.10. The disclosure for this sale can be found here. Insiders sold a total of 25,521 shares of the company’s stock valued at $3,747,727 over the past three months. 0.31% of the shares are owned by company insiders.
Institutional Trading by F5
Several hedge funds have recently changed their holdings of FFIV. Assetmark Inc. acquired a new stake in F5 stock valued at approximately $30,000 during the third quarter. Ronald Blue Trust Inc. acquired a new interest in F5 stock valued at approximately $36,000 during the fourth quarter. Wipfli Financial Advisors LLC acquired a new interest in F5 stock valued at approximately $43,000 during the third quarter. Larson Financial Group LLC increased its position in F5 stock by 568.0% during the second quarter. Larson Financial Group LLC now owns 334 shares of the $51,000 network technology company after buying another 284 shares last quarter. Finally, Alaska Permanent Fund Corp increased its position in F5 stock by 434.8% during the third quarter. Alaska Permanent Fund Corp now owns 353 shares of the $51,000 network technology company after buying another 287 shares last quarter. 93.34% of the shares are owned by hedge funds and other institutional investors.
F5 company profile
F5, Inc provides security and delivery solutions for multi-cloud applications in the United States, Europe, Middle East, Africa and Asia Pacific. The company’s multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure and govern applications on any architecture, from on-premises to the public cloud.
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