F5, Inc. (NASDAQ:FFIV – Get Free Report) shares hit a new 52-week high during trading on Wednesday after Royal Bank of Canada raised their price target on the stock from $260.00 to $310.00. Royal Bank of Canada currently has a sector perform rating on the stock. F5 traded as high as $309.47 and last traded at $286.70, with a volume of 40735 shares trading hands. The stock had previously closed at $269.72.
Several other brokerages also recently commented on FFIV. The Goldman Sachs Group lifted their price target on F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays upped their price objective on F5 from $246.00 to $296.00 and gave the stock an “equal weight” rating in a research report on Wednesday. StockNews.com raised F5 from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 29th. Piper Sandler upped their price objective on F5 from $246.00 to $304.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Needham & Company LLC increased their target price on F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday. Seven analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $299.38.
View Our Latest Analysis on FFIV
Insider Buying and Selling at F5
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in FFIV. Tokio Marine Asset Management Co. Ltd. boosted its position in shares of F5 by 2.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,607 shares of the network technology company’s stock worth $404,000 after acquiring an additional 44 shares in the last quarter. Empirical Finance LLC raised its stake in F5 by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 2,049 shares of the network technology company’s stock valued at $451,000 after acquiring an additional 46 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of F5 by 2.0% during the 3rd quarter. Captrust Financial Advisors now owns 2,598 shares of the network technology company’s stock worth $572,000 after buying an additional 50 shares in the last quarter. First Trust Direct Indexing L.P. raised its stake in shares of F5 by 2.9% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,030 shares of the network technology company’s stock worth $447,000 after buying an additional 58 shares in the last quarter. Finally, Greenleaf Trust raised its stake in shares of F5 by 5.7% during the 4th quarter. Greenleaf Trust now owns 1,091 shares of the network technology company’s stock worth $274,000 after buying an additional 59 shares in the last quarter. 90.66% of the stock is owned by institutional investors.
F5 Trading Up 11.4 %
The firm has a market capitalization of $17.61 billion, a PE ratio of 31.43, a P/E/G ratio of 3.68 and a beta of 1.06. The business has a 50 day moving average price of $258.11 and a 200-day moving average price of $226.55.
F5 (NASDAQ:FFIV – Get Free Report) last announced its earnings results on Monday, October 28th. The network technology company reported $3.67 EPS for the quarter, beating analysts’ consensus estimates of $3.45 by $0.22. The firm had revenue of $747.00 million for the quarter, compared to analysts’ expectations of $730.43 million. F5 had a return on equity of 20.80% and a net margin of 20.13%. F5’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.76 EPS. On average, equities research analysts forecast that F5, Inc. will post 11.01 earnings per share for the current year.
F5 declared that its Board of Directors has authorized a share buyback plan on Monday, October 28th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the network technology company to reacquire up to 7.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.
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.
Featured Stories
- Five stocks we like better than F5
- 3 Grocery Stocks That Can Help Take a Bite Out of Inflation
- How to Short Sell Stocks Like a Pro: Strategies and Tips
- Utilities Stocks Explained – How and Why to Invest in Utilities
- 3 Steel Stocks Soaring After Tariff Announcements
- Compound Interest and Why It Matters When Investing
- Top Analysts’ Picks for 2025: 3 of Morgan Stanley’s Favorites
Receive News & Ratings for F5 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 and related companies with MarketBeat.com's FREE daily email newsletter.