Piper Sandler Lowers F5 (NASDAQ:FFIV) Price Target to $262.00

F5 (NASDAQ:FFIV) had its target price cut by Piper Sandler from $304.00 to $262.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the network technology company’s stock.

A number of other research firms also recently weighed in on FFIV. Morgan Stanley upped their target price on F5 from $262.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 29th. The Goldman Sachs Group upped their price objective on shares of F5 from $257.00 to $295.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Evercore ISI raised their target price on shares of F5 from $240.00 to $270.00 and gave the company an “in-line” rating in a report on Friday, January 17th. Needham & Company LLC upped their price target on shares of F5 from $285.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Bank of America lifted their price objective on shares of F5 from $180.00 to $260.00 and gave the company an “underperform” rating in a research note on Friday, January 31st. One 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 company’s stock. Based on data from MarketBeat.com, F5 presently has a consensus rating of “Hold” and a consensus target price of $285.78.

F5 Trading Down 3.5 %

NASDAQ FFIV opened at $255.00 on Tuesday. The company has a market cap of $14.70 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.85 and a beta of 1.14. The company has a 50 day moving average of $279.53 and a 200-day moving average of $257.58. F5 has a 1-year low of $159.01 and a 1-year high of $313.00.

Insider Transactions at F5

In other F5 news, Director Marianne Budnik sold 728 shares of the company’s 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 completion of the transaction, the director now owns 1,770 shares of the company’s stock, valued at $538,876.50. This represents a 29.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 shares were sold at an average price of $290.33, for a total value of $1,188,320.69. Following the completion of the transaction, the executive vice president now owns 27,264 shares of the company’s stock, valued at $7,915,557.12. This represents a 13.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,232 shares of company stock worth $5,310,131. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On F5

Several institutional investors and hedge funds have recently added to or reduced their stakes in FFIV. Park Square Financial Group LLC bought a new stake in shares of F5 in the fourth quarter worth $31,000. Crowley Wealth Management Inc. acquired a new position in F5 during the 4th quarter worth about $35,000. Hurley Capital LLC bought a new stake in shares of F5 in the 4th quarter valued at about $43,000. Friedenthal Financial acquired a new stake in shares of F5 in the fourth quarter valued at about $50,000. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of F5 by 31.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 203 shares of the network technology company’s stock worth $51,000 after acquiring an additional 49 shares during the period. 90.66% of the stock is currently owned by institutional investors and hedge funds.

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.