Shares of F5 Networks, Inc. (NASDAQ:FFIV) have been given an average rating of “Hold” by the twenty-four ratings firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, fifteen have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $135.35.
Several research firms have recently weighed in on FFIV. Piper Jaffray Companies reiterated a “neutral” rating and issued a $146.00 price objective on shares of F5 Networks in a research note on Wednesday, January 10th. DA Davidson set a $155.00 price objective on shares of F5 Networks and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $159.00 price objective for the company in a research note on Tuesday. Robert W. Baird reiterated a “hold” rating and issued a $125.00 price objective on shares of F5 Networks in a research note on Wednesday, October 4th. Finally, Cowen reiterated a “buy” rating and issued a $140.00 price objective on shares of F5 Networks in a research note on Friday, October 27th.
F5 Networks (FFIV) traded down $1.55 during trading hours on Friday, hitting $138.00. 568,200 shares of the stock traded hands, compared to its average volume of 590,992. The company has a market cap of $8,770.00, a price-to-earnings ratio of 21.20, a P/E/G ratio of 2.16 and a beta of 1.06. F5 Networks has a 12 month low of $114.63 and a 12 month high of $149.50.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.20 by $0.24. The company had revenue of $538.00 million during the quarter, compared to analyst estimates of $534.71 million. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. F5 Networks’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.11 EPS. analysts forecast that F5 Networks will post 6.74 EPS for the current fiscal year.
F5 Networks announced that its board has initiated a stock repurchase plan on Wednesday, October 25th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the network technology company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.
In other F5 Networks news, CEO Francois Locoh-Donou sold 1,714 shares of F5 Networks stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $119.87, for a total transaction of $205,457.18. Following the transaction, the chief executive officer now directly owns 2,119 shares of the company’s stock, valued at approximately $254,004.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward Julian Eames sold 15,336 shares of F5 Networks stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $121.06, for a total transaction of $1,856,576.16. Following the transaction, the executive vice president now directly owns 43,824 shares in the company, valued at $5,305,333.44. The disclosure for this sale can be found here. Insiders have sold a total of 35,712 shares of company stock worth $4,316,345 over the last ninety days. Insiders own 0.26% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of FFIV. Advisor Group Inc. boosted its holdings in shares of F5 Networks by 1.1% in the 2nd quarter. Advisor Group Inc. now owns 13,304 shares of the network technology company’s stock worth $1,683,000 after buying an additional 144 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of F5 Networks by 23.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock worth $110,000 after buying an additional 161 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of F5 Networks by 0.9% in the 2nd quarter. HighTower Advisors LLC now owns 18,592 shares of the network technology company’s stock worth $2,394,000 after buying an additional 166 shares during the last quarter. Sentry Investment Management LLC boosted its holdings in shares of F5 Networks by 3.5% in the 2nd quarter. Sentry Investment Management LLC now owns 5,425 shares of the network technology company’s stock worth $689,000 after buying an additional 181 shares during the last quarter. Finally, Nordea Investment Management AB boosted its holdings in shares of F5 Networks by 2.2% in the 2nd quarter. Nordea Investment Management AB now owns 9,303 shares of the network technology company’s stock worth $1,182,000 after buying an additional 196 shares during the last quarter. 94.87% of the stock is currently owned by hedge funds and other institutional investors.
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F5 Networks Company Profile
F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
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