F5, Inc. (FFIV): New Buy Recommendation for This Technology Giant

RBC Capital analyst Matthew Hedberg maintained a Buy rating on F5, Inc. yesterday and set a price target of $425.00. The company’s shares closed yesterday at $379.74.

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According to TipRanks, Hedberg is a 3-star analyst with an average return of 1.2% and a 46.72% success rate. Hedberg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CommVault Systems, and F5, Inc..

Currently, the analyst consensus on F5, Inc. is a Moderate Buy with an average price target of $382.60, representing a 0.75% upside. In a report released on May 17, Evercore ISI also upgraded the stock to a Buy with a $475.00 price target.

Based on F5, Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $811.7 million and a net profit of $147.76 million. In comparison, last year the company earned a revenue of $731.12 million and had a net profit of $145.53 million

Based on the recent corporate insider activity of 99 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of FFIV in relation to earlier this year. Earlier this month, Francois Locoh-Donou, the Pres, CEO & Dir of FFIV sold 3,743.00 shares for a total of $1,263,106.29.