1 week Ago By Defense World Staff
F5 ( NASDAQ:FFIV – Free Report ) had its price objective raised by Royal Bank of Canada from $240.00 to $260.00 in a report released on Friday morning, Benzinga reports.
Royal Bank of Canada currently has a sector perform rating on the network technology company’s stock. FFIV has been the subject of a number of other reports. StockNews.
com raised shares of F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Barclays boosted their target price on F5 from $214.00 to $246.
00 and gave the company an “equal weight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price target on F5 from $225.
00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group boosted their price objective on F5 from $212.
00 to $241.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Morgan Stanley increased their price objective on F5 from $230.
00 to $262.00 and gave the company an “equal weight” rating in a report on Tuesday, December 17th. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock.
According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $239.33.
Read Our Latest Stock Analysis on FFIV F5 Price Performance F5 ( NASDAQ:FFIV – Get Free Report ) last issued its earnings results on Monday, October 28th. The network technology company reported $3.67 earnings per share for the quarter, topping the consensus estimate of $3.
45 by $0.22. The business had revenue of $747.
00 million for the quarter, compared to analyst estimates of $730.43 million. F5 had a return on equity of 20.
80% and a net margin of 20.13%. The business’s quarterly revenue was up 5.
7% on a year-over-year basis. During the same quarter last year, the company earned $2.76 EPS.
As a group, equities analysts anticipate that F5 will post 11.01 EPS for the current year. F5 declared that its Board of Directors has initiated a share repurchase program on Monday, October 28th that permits the company to buyback $1.
00 billion in outstanding shares. This buyback authorization permits the network technology company to purchase up to 7.9% of its stock through open market purchases.
Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued. Insider Buying and Selling In other news, CFO Francis J. Pelzer sold 600 shares of the company’s stock in a transaction on Monday, October 21st.
The shares were sold at an average price of $217.67, for a total transaction of $130,602.00.
Following the transaction, the chief financial officer now directly owns 29,825 shares of the company’s stock, valued at $6,492,007.75. This represents a 1.
97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Also, Director Alan Higginson sold 825 shares of the firm’s stock in a transaction dated Tuesday, November 19th.
The shares were sold at an average price of $239.77, for a total transaction of $197,810.25.
Following the completion of the sale, the director now owns 9,882 shares of the company’s stock, valued at $2,369,407.14. This trade represents a 7.
71 % decrease in their position. The disclosure for this sale can be found here . 0.
58% of the stock is currently owned by corporate insiders. Institutional Inflows and Outflows Hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its holdings in F5 by 36.
3% in the fourth quarter. GAMMA Investing LLC now owns 2,144 shares of the network technology company’s stock valued at $539,000 after purchasing an additional 571 shares during the last quarter. JPMorgan Chase & Co.
increased its holdings in F5 by 24.7% during the 3rd quarter. JPMorgan Chase & Co.
now owns 409,130 shares of the network technology company’s stock valued at $90,090,000 after acquiring an additional 81,005 shares in the last quarter. Principal Financial Group Inc. increased its holdings in F5 by 1.
8% during the 3rd quarter. Principal Financial Group Inc. now owns 90,002 shares of the network technology company’s stock valued at $19,818,000 after acquiring an additional 1,614 shares in the last quarter.
Retirement Systems of Alabama raised its position in F5 by 7.7% during the third quarter. Retirement Systems of Alabama now owns 377,387 shares of the network technology company’s stock worth $83,101,000 after acquiring an additional 27,124 shares during the last quarter.
Finally, Franklin Resources Inc. lifted its holdings in shares of F5 by 0.4% in the third quarter.
Franklin Resources Inc. now owns 376,215 shares of the network technology company’s stock valued at $82,553,000 after purchasing an additional 1,554 shares in the last quarter. 90.
66% of the stock is owned by hedge funds and other institutional investors. About F5 ( Get Free Report ) 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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