F5 (NASDAQ:FFIV - Free Report) had its price target decreased by Piper Sandler from $304.00 to $262.00 in a report published on Tuesday,Benzinga reports. Piper Sandler currently has a neutral rating on the network technology company's stock.
Other research analysts have also issued reports about the company. Evercore ISI raised their price target on F5 from $240.00 to $270.00 and gave the company an "in-line" rating in a report on Friday, January 17th. Morgan Stanley raised their target price on shares of F5 from $262.00 to $310.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 29th. Bank of America upped their price target on shares of F5 from $180.00 to $260.00 and gave the stock an "underperform" rating in a research note on Friday, January 31st. Needham & Company LLC raised their price objective on shares of F5 from $285.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, The Goldman Sachs Group boosted their target price on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $285.78.
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F5 Price Performance
Shares of NASDAQ FFIV traded up $6.68 during midday trading on Tuesday, hitting $261.68. 600,746 shares of the company's stock were exchanged, compared to its average volume of 576,534. F5 has a twelve month low of $159.01 and a twelve month high of $313.00. The firm has a market cap of $15.09 billion, a P/E ratio of 26.01, a PEG ratio of 3.85 and a beta of 1.14. The stock's 50 day moving average price is $278.77 and its 200-day moving average price is $257.87.
Insider Transactions at F5
In other news, insider Lyra Amber Schramm sold 253 shares of the business's stock in a transaction that occurred on Saturday, February 1st. The shares were sold at an average price of $297.26, for a total transaction of $75,206.78. Following the sale, the insider now owns 200 shares in the company, valued at $59,452. The trade was a 55.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 6,500 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $303.06, for a total transaction of $1,969,890.00. Following the completion of the transaction, the chief executive officer now directly owns 151,247 shares of the company's stock, valued at $45,836,915.82. This represents a 4.12 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,232 shares of company stock valued at $5,310,131 in the last three months. 0.52% of the stock is currently owned by corporate insiders.
Institutional Trading of F5
A number of hedge funds have recently modified their holdings of the business. Coldstream Capital Management Inc. lifted its stake in F5 by 3.7% in the 4th quarter. Coldstream Capital Management Inc. now owns 954 shares of the network technology company's stock worth $240,000 after acquiring an additional 34 shares in the last quarter. Colonial Trust Co SC lifted its position in shares of F5 by 5.2% in the fourth quarter. Colonial Trust Co SC now owns 685 shares of the network technology company's stock worth $172,000 after purchasing an additional 34 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of F5 by 4.3% in the fourth quarter. Jones Financial Companies Lllp now owns 852 shares of the network technology company's stock worth $214,000 after purchasing an additional 35 shares in the last quarter. AMG National Trust Bank boosted its holdings in shares of F5 by 0.5% during the fourth quarter. AMG National Trust Bank now owns 7,869 shares of the network technology company's stock worth $1,987,000 after purchasing an additional 37 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in F5 by 2.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company's stock valued at $404,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 90.66% of the company's stock.
About F5
(
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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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