KeyCorp Trims F5 (NASDAQ:FFIV) Target Price to $182.00

F5 (NASDAQ:FFIVGet Rating) had its price target lowered by equities research analysts at KeyCorp from $190.00 to $182.00 in a note issued to investors on Wednesday, The Fly reports. KeyCorp’s target price would suggest a potential upside of 24.26% from the stock’s previous close.

A number of other research analysts also recently issued reports on the company. Barclays decreased their price objective on F5 from $180.00 to $166.00 in a report on Wednesday. Royal Bank of Canada lowered their price objective on shares of F5 from $175.00 to $160.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 26th. StockNews.com began coverage on shares of F5 in a research report on Wednesday, October 12th. They issued a “buy” rating on the stock. Guggenheim started coverage on shares of F5 in a research report on Monday. They issued a “neutral” rating for the company. Finally, Morgan Stanley lifted their price target on shares of F5 from $170.00 to $190.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 13th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $174.77.

F5 Stock Performance

NASDAQ:FFIV opened at $146.47 on Wednesday. The stock’s fifty day moving average price is $147.28 and its two-hundred day moving average price is $151.35. The company has a market cap of $8.84 billion, a price-to-earnings ratio of 27.69, a P/E/G ratio of 1.91 and a beta of 1.09. F5 has a 52-week low of $133.68 and a 52-week high of $225.26.

F5 (NASDAQ:FFIVGet Rating) last released its earnings results on Tuesday, January 24th. The network technology company reported $2.47 earnings per share for the quarter, beating the consensus estimate of $2.33 by $0.14. The firm had revenue of $700.38 million for the quarter, compared to analyst estimates of $700.59 million. F5 had a return on equity of 17.67% and a net margin of 11.95%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.89 earnings per share. On average, equities analysts predict that F5 will post 8.06 EPS for the current fiscal year.

Insider Buying and Selling

In other F5 news, EVP Chad Michael Whalen sold 2,488 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $155.31, for a total transaction of $386,411.28. Following the completion of the sale, the executive vice president now owns 11,972 shares of the company’s stock, valued at approximately $1,859,371.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Chad Michael Whalen sold 2,488 shares of the stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $155.31, for a total value of $386,411.28. Following the transaction, the executive vice president now directly owns 11,972 shares of the company’s stock, valued at $1,859,371.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Francois Locoh-Donou sold 8,505 shares of the firm’s stock in a transaction dated Friday, December 9th. The stock was sold at an average price of $152.26, for a total transaction of $1,294,971.30. Following the sale, the chief executive officer now owns 113,335 shares of the company’s stock, valued at approximately $17,256,387.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,521 shares of company stock valued at $3,747,727. 0.31% of the stock is owned by insiders.

Institutional Trading of F5

Several institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of F5 by 3.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 39,030 shares of the network technology company’s stock valued at $5,973,000 after acquiring an additional 1,389 shares in the last quarter. Kentucky Retirement Systems increased its holdings in shares of F5 by 15.9% during the second quarter. Kentucky Retirement Systems now owns 4,488 shares of the network technology company’s stock worth $687,000 after purchasing an additional 617 shares during the period. Pinebridge Investments L.P. increased its holdings in shares of F5 by 106.7% during the second quarter. Pinebridge Investments L.P. now owns 24,897 shares of the network technology company’s stock worth $3,810,000 after purchasing an additional 12,852 shares during the period. Barclays PLC raised its position in shares of F5 by 26.6% in the third quarter. Barclays PLC now owns 252,056 shares of the network technology company’s stock valued at $36,478,000 after buying an additional 52,969 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its stake in shares of F5 by 14.7% in the second quarter. Treasurer of the State of North Carolina now owns 26,400 shares of the network technology company’s stock valued at $4,040,000 after buying an additional 3,384 shares during the period. 93.34% of the stock is currently owned by institutional investors.

F5 Company Profile

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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.

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