JPMorgan Chase & Co. Cuts F5 (NASDAQ:FFIV) Price Target to $285.00

F5 (NASDAQ:FFIV - Get Free Report) had its target price cut by equities researchers at JPMorgan Chase & Co. from $296.00 to $285.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the network technology company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 11.90% from the stock's current price.

FFIV has been the topic of a number of other reports. Morgan Stanley decreased their price objective on F5 from $310.00 to $269.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Bank of America lifted their price objective 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 increased their target price on shares of F5 from $285.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Royal Bank of Canada lifted their price target on shares of F5 from $260.00 to $310.00 and gave the company a "sector perform" rating in a research report on Wednesday, January 29th. Finally, The Goldman Sachs Group increased their price target on F5 from $257.00 to $295.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $289.67.

F5 Trading Up 1.6 %

Shares of NASDAQ:FFIV traded up $3.90 during trading on Thursday, reaching $254.70. 128,787 shares of the stock were exchanged, compared to its average volume of 577,221. The firm has a market cap of $14.68 billion, a PE ratio of 25.39, a PEG ratio of 3.85 and a beta of 1.14. F5 has a 12 month low of $159.01 and a 12 month high of $313.00. The stock has a 50-day moving average price of $272.94 and a 200-day moving average price of $259.79.

Insider Activity

In other F5 news, Director Marianne Budnik sold 728 shares of F5 stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $304.45, for a total value of $221,639.60. Following the transaction, the director now owns 1,770 shares in the company, valued at $538,876.50. The trade was a 29.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Chad Michael Whalen sold 4,093 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $290.33, for a total transaction of $1,188,320.69. Following the completion of the transaction, the executive vice president now directly owns 27,264 shares of the company's stock, valued at $7,915,557.12. This trade represents a 13.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,232 shares of company stock worth $5,310,131. Insiders own 0.52% of the company's stock.

Institutional Investors Weigh In On F5

Hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC acquired a new stake in shares of F5 during the third quarter valued at about $201,000. Barclays PLC grew its holdings in F5 by 1.4% during the 3rd quarter. Barclays PLC now owns 144,572 shares of the network technology company's stock worth $31,836,000 after acquiring an additional 2,008 shares during the last quarter. Virtu Financial LLC acquired a new position in F5 in the 3rd quarter valued at approximately $1,531,000. Sanctuary Advisors LLC bought a new position in shares of F5 during the third quarter valued at $192,000. Finally, Tidal Investments LLC lifted its holdings in shares of F5 by 22.1% during the third quarter. Tidal Investments LLC now owns 12,825 shares of the network technology company's stock worth $2,824,000 after purchasing an additional 2,325 shares during the period. Institutional investors own 90.66% of the company's stock.

F5 Company Profile

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.