Needham & Company LLC Lowers F5 (NASDAQ:FFIV) Price Target to $175.00

F5 (NASDAQ:FFIV – Get Rating) had its target price lowered by analysts at Needham & Company LLC from $200.00 to $175.00 in a research note issued on Wednesday, The Fly reports. Needham & Company LLC’s target price would suggest a potential upside of 19.48% from the company’s previous close.

A number of other equities analysts have also recently commented on the company. Morgan Stanley boosted their price target on F5 from $170.00 to $190.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 13th. StockNews.com started coverage on F5 in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Credit Suisse Group boosted their price objective on F5 from $169.00 to $173.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 26th. Piper Sandler reduced their price objective on F5 from $164.00 to $159.00 in a research report on Tuesday, January 17th. Finally, Guggenheim started coverage on F5 in a research report on Monday. They set a “neutral” rating on the stock. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $172.64.

F5 Price Performance

Shares of NASDAQ FFIV opened at $146.47 on Wednesday. The stock has a market capitalization of $8.84 billion, a PE ratio of 27.69, a P/E/G ratio of 1.91 and a beta of 1.09. The business has a fifty day moving average price of $147.28 and a two-hundred day moving average price of $151.35. F5 has a fifty-two week low of $133.68 and a fifty-two week high of $225.26.

F5 (NASDAQ:FFIV – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The network technology company reported $2.47 EPS for the quarter, topping analysts’ consensus estimates of $2.33 by $0.14. F5 had a return on equity of 17.67% and a net margin of 11.95%. The company had revenue of $700.38 million during the quarter, compared to analysts’ expectations of $700.59 million. During the same quarter in the previous year, the firm earned $2.89 EPS. F5’s revenue was up 1.9% on a year-over-year basis. On average, equities analysts expect that F5 will post 8.06 EPS for the current year.

Insider Activity at F5

In related news, CMO Mika Yamamoto sold 5,442 shares of the company’s stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $141.27, for a total transaction of $768,791.34. Following the sale, the chief marketing officer now owns 7,800 shares in the company, valued at approximately $1,101,906. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CMO Mika Yamamoto sold 5,442 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $141.27, for a total transaction of $768,791.34. Following the transaction, the chief marketing officer now directly owns 7,800 shares of the company’s stock, valued at approximately $1,101,906. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Chad Michael Whalen sold 2,493 shares of the company’s stock in a transaction that occurred on Wednesday, November 2nd. The stock was sold at an average price of $141.16, for a total value of $351,911.88. Following the transaction, the executive vice president now directly owns 14,460 shares in the company, valued at $2,041,173.60. The disclosure for this sale can be found here. Insiders have sold a total of 25,521 shares of company stock worth $3,747,727 in the last 90 days. Corporate insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Kentucky Retirement Systems Insurance Trust Fund raised its stake in F5 by 3.3% during the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,135 shares of the network technology company’s stock worth $309,000 after buying an additional 69 shares during the period. Brinker Capital Investments LLC raised its stake in shares of F5 by 1.1% in the first quarter. Brinker Capital Investments LLC now owns 6,342 shares of the network technology company’s stock worth $1,325,000 after purchasing an additional 70 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of F5 by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 11,125 shares of the network technology company’s stock worth $1,622,000 after purchasing an additional 73 shares during the last quarter. Bessemer Group Inc. raised its stake in shares of F5 by 4.8% in the third quarter. Bessemer Group Inc. now owns 1,645 shares of the network technology company’s stock worth $238,000 after purchasing an additional 75 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of F5 by 4.7% in the third quarter. Verdence Capital Advisors LLC now owns 1,684 shares of the network technology company’s stock worth $244,000 after purchasing an additional 75 shares during the last quarter. 93.34% of the stock is owned by institutional investors and hedge funds.

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 multi-cloud application security and delivery solutions enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.