F5 (NASDAQ:FFIV) PT Raised to $212.00 at The Goldman Sachs Group

F5 (NASDAQ:FFIV - Free Report) had its price objective raised by The Goldman Sachs Group from $185.00 to $212.00 in a report published on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the network technology company's stock.

Several other brokerages also recently weighed in on FFIV. JPMorgan Chase & Co. upped their price target on F5 from $210.00 to $215.00 and gave the stock a neutral rating in a report on Tuesday, July 30th. Barclays boosted their price target on F5 from $189.00 to $214.00 and gave the stock an equal weight rating in a report on Tuesday, July 30th. Needham & Company LLC boosted their price target on F5 from $220.00 to $235.00 and gave the stock a buy rating in a report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on F5 from $182.00 to $205.00 and gave the company a sector perform rating in a research report on Tuesday, July 30th. Finally, Piper Sandler boosted their price target on F5 from $167.00 to $186.00 and gave the company a neutral rating in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $204.56.

F5 Stock Up 1.5 %

Shares of NASDAQ:FFIV traded up $3.22 during trading on Tuesday, hitting $223.60. The stock had a trading volume of 693,988 shares, compared to its average volume of 517,888. The stock has a 50-day simple moving average of $195.48 and a two-hundred day simple moving average of $183.64. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.55 and a beta of 1.06. F5 has a 12-month low of $145.45 and a 12-month high of $223.74.

F5 (NASDAQ:FFIV - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The network technology company reported $3.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.97 by $0.39. The firm had revenue of $695.50 million for the quarter, compared to analyst estimates of $686.06 million. F5 had a return on equity of 21.03% and a net margin of 19.94%. The business's revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $2.46 earnings per share. As a group, sell-side analysts forecast that F5 will post 10.18 earnings per share for the current year.

Insider Activity

In related news, Director Alan Higginson sold 1,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $201.65, for a total value of $201,650.00. Following the completion of the sale, the director now owns 10,707 shares in the company, valued at $2,159,066.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Francis J. Pelzer sold 500 shares of the firm's stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $176.20, for a total value of $88,100.00. Following the completion of the sale, the chief financial officer now owns 31,108 shares of the company's stock, valued at $5,481,229.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alan Higginson sold 1,000 shares of F5 stock in a transaction on Monday, September 9th. The stock was sold at an average price of $201.65, for a total transaction of $201,650.00. Following the sale, the director now directly owns 10,707 shares of the company's stock, valued at approximately $2,159,066.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,871 shares of company stock valued at $1,508,705. 0.58% of the stock is owned by insiders.

Hedge Funds Weigh In On F5

A number of hedge funds and other institutional investors have recently made changes to their positions in FFIV. Brown Financial Advisors acquired a new position in shares of F5 during the 2nd quarter worth about $66,000. Brandes Investment Partners LP grew its position in shares of F5 by 13.5% during the 2nd quarter. Brandes Investment Partners LP now owns 13,681 shares of the network technology company's stock worth $2,355,000 after purchasing an additional 1,627 shares in the last quarter. Creative Planning grew its position in shares of F5 by 4.1% during the 2nd quarter. Creative Planning now owns 3,994 shares of the network technology company's stock worth $688,000 after purchasing an additional 156 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of F5 by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,848 shares of the network technology company's stock valued at $7,896,000 after purchasing an additional 621 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in shares of F5 in the 2nd quarter valued at $592,000. 90.66% of the stock is owned by institutional investors.

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.