F5 Networks, Inc. (NASDAQ:FFIV) was the recipient of a large growth in short interest in the month of June. As of June 30th, there was short interest totalling 3,335,700 shares, a growth of 14.7% from the May 30th total of 2,909,400 shares. Currently, 5.6% of the company’s stock are sold short. Based on an average daily trading volume, of 668,700 shares, the short-interest ratio is currently 5.0 days.
Several equities analysts have recently weighed in on the stock. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. BidaskClub raised shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, June 20th. Goldman Sachs Group reaffirmed a “hold” rating and set a $8.40 price target on shares of Deutsche Bank in a research note on Monday, July 8th. Piper Jaffray Companies raised shares of F5 Networks from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $157.00 to $163.00 in a research note on Friday, March 29th. Finally, Zacks Investment Research cut shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. F5 Networks presently has an average rating of “Hold” and an average price target of $167.68.
Shares of FFIV traded up $2.80 during mid-day trading on Friday, hitting $145.56. 482,143 shares of the company’s stock were exchanged, compared to its average volume of 734,359. F5 Networks has a 52 week low of $131.53 and a 52 week high of $199.71. The stock has a 50-day moving average of $141.01. The firm has a market capitalization of $8.69 billion, a P/E ratio of 18.20, a PEG ratio of 2.02 and a beta of 1.04.
F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, April 24th. The network technology company reported $2.04 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.01. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The business had revenue of $544.90 million during the quarter, compared to analysts’ expectations of $547.03 million. During the same period last year, the business earned $2.31 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis. Equities research analysts predict that F5 Networks will post 8.59 EPS for the current fiscal year.
In other news, CFO Francis J. Pelzer sold 231 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total transaction of $35,014.98. Following the completion of the transaction, the chief financial officer now directly owns 902 shares of the company’s stock, valued at approximately $136,725.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Thomas Dean Fountain sold 1,017 shares of the firm’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total transaction of $154,156.86. Following the transaction, the executive vice president now directly owns 2,497 shares of the company’s stock, valued at $378,495.26. The disclosure for this sale can be found here. Insiders have sold a total of 10,168 shares of company stock worth $1,546,472 over the last 90 days. Corporate insiders own 0.22% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Atlas Capital Advisors LLC grew its stake in shares of F5 Networks by 306.5% in the first quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock valued at $29,000 after buying an additional 141 shares in the last quarter. Global Trust Asset Management LLC bought a new position in shares of F5 Networks in the first quarter valued at $41,000. grace capital bought a new position in shares of F5 Networks in the fourth quarter valued at $49,000. Tortoise Index Solutions LLC bought a new position in shares of F5 Networks in the first quarter valued at $66,000. Finally, Omnia Family Wealth LLC grew its stake in shares of F5 Networks by 43.8% in the fourth quarter. Omnia Family Wealth LLC now owns 450 shares of the network technology company’s stock valued at $73,000 after buying an additional 137 shares in the last quarter. 97.07% of the stock is 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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