Shares of F5 Networks, Inc. (NASDAQ:FFIV) have been assigned an average rating of “Hold” from the twenty-six analysts that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $170.39.
FFIV has been the subject of a number of analyst reports. Credit Suisse Group initiated coverage on shares of F5 Networks in a report on Wednesday, May 9th. They set an “outperform” rating and a $188.00 price objective for the company. DA Davidson cut shares of F5 Networks from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $172.96 to $181.00 in a report on Wednesday, May 16th. They noted that the move was a valuation call. BidaskClub cut shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Bank of America boosted their price objective on shares of F5 Networks from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 11th. Finally, Standpoint Research cut shares of F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 price objective for the company. in a report on Monday, June 18th.
NASDAQ FFIV traded up $0.46 during trading on Friday, reaching $190.18. 377,800 shares of the stock traded hands, compared to its average volume of 713,753. The stock has a market cap of $11.50 billion, a P/E ratio of 29.54, a P/E/G ratio of 2.69 and a beta of 0.77. F5 Networks has a fifty-two week low of $114.63 and a fifty-two week high of $192.92.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.39 by $0.05. The firm had revenue of $542.20 million during the quarter, compared to analysts’ expectations of $540.59 million. F5 Networks had a net margin of 21.37% and a return on equity of 38.57%. The business’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.03 earnings per share. analysts forecast that F5 Networks will post 7.64 EPS for the current year.
In other news, SVP Ryan C. Kearny sold 857 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $171.86, for a total value of $147,284.02. Following the completion of the transaction, the senior vice president now owns 4,714 shares in the company, valued at $810,148.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael L. Dreyer sold 5,679 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $183.03, for a total transaction of $1,039,427.37. Following the completion of the transaction, the director now owns 5,679 shares of the company’s stock, valued at approximately $1,039,427.37. The disclosure for this sale can be found here. Insiders sold 33,993 shares of company stock valued at $5,972,820 in the last quarter. Corporate insiders own 0.26% of the company’s stock.
Several hedge funds have recently made changes to their positions in FFIV. Dupont Capital Management Corp lifted its position in shares of F5 Networks by 5.7% in the first quarter. Dupont Capital Management Corp now owns 20,654 shares of the network technology company’s stock worth $2,987,000 after purchasing an additional 1,109 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of F5 Networks by 20.7% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,115 shares of the network technology company’s stock worth $306,000 after purchasing an additional 362 shares in the last quarter. NuWave Investment Management LLC lifted its position in shares of F5 Networks by 2,180.4% in the first quarter. NuWave Investment Management LLC now owns 1,049 shares of the network technology company’s stock worth $151,000 after purchasing an additional 1,003 shares in the last quarter. ARP Americas LP bought a new stake in shares of F5 Networks in the first quarter worth $245,000. Finally, Commerzbank Aktiengesellschaft FI lifted its position in shares of F5 Networks by 2.6% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 22,858 shares of the network technology company’s stock worth $3,305,000 after purchasing an additional 573 shares in the last quarter. 99.94% of the stock is currently owned by institutional investors and hedge funds.
F5 Networks Company Profile
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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