BidaskClub downgraded shares of F5 Networks (NASDAQ:FFIV) from a strong-buy rating to a buy rating in a research report report published on Tuesday, March 13th.
FFIV has been the topic of several other research reports. Oppenheimer reaffirmed a hold rating on shares of F5 Networks in a research report on Thursday, January 25th. MKM Partners boosted their target price on F5 Networks from $133.00 to $156.00 and gave the company a neutral rating in a report on Thursday, January 25th. ValuEngine lowered F5 Networks from a buy rating to a hold rating in a report on Saturday, March 10th. BMO Capital Markets boosted their target price on F5 Networks from $156.00 to $166.00 and gave the company an outperform rating in a report on Thursday, January 25th. Finally, Goldman Sachs started coverage on F5 Networks in a report on Wednesday, February 7th. They issued a neutral rating and a $145.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock. F5 Networks has a consensus rating of Hold and a consensus price target of $140.55.
Shares of F5 Networks stock opened at $148.90 on Tuesday. The firm has a market capitalization of $9,078.76, a P/E ratio of 21.52, a P/E/G ratio of 2.21 and a beta of 1.01. F5 Networks has a 52 week low of $114.63 and a 52 week high of $153.91.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, January 24th. The network technology company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.05 by $0.21. The company had revenue of $523.20 million for the quarter, compared to analyst estimates of $521.07 million. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The firm’s revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 earnings per share. analysts forecast that F5 Networks will post 7.32 earnings per share for the current fiscal year.
In other news, CEO Francois Locoh-Donou sold 1,675 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $142.85, for a total value of $239,273.75. Following the sale, the chief executive officer now directly owns 3,984 shares in the company, valued at $569,114.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan Higginson sold 2,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $144.51, for a total value of $289,020.00. Following the completion of the transaction, the director now owns 11,310 shares of the company’s stock, valued at $1,634,408.10. The disclosure for this sale can be found here. Insiders sold 50,172 shares of company stock worth $7,274,542 over the last 90 days. Company insiders own 0.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in FFIV. LSV Asset Management increased its stake in F5 Networks by 150.0% in the fourth quarter. LSV Asset Management now owns 743,626 shares of the network technology company’s stock valued at $97,578,000 after purchasing an additional 446,142 shares during the last quarter. APG Asset Management N.V. increased its stake in F5 Networks by 37.9% in the fourth quarter. APG Asset Management N.V. now owns 1,539,343 shares of the network technology company’s stock valued at $168,215,000 after purchasing an additional 422,994 shares during the last quarter. BlackRock Inc. increased its stake in F5 Networks by 7.5% in the fourth quarter. BlackRock Inc. now owns 4,543,458 shares of the network technology company’s stock valued at $596,195,000 after purchasing an additional 317,414 shares during the last quarter. Ameriprise Financial Inc. increased its stake in F5 Networks by 26.0% in the third quarter. Ameriprise Financial Inc. now owns 1,262,621 shares of the network technology company’s stock valued at $152,223,000 after purchasing an additional 260,316 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in F5 Networks by 243.7% in the third quarter. Schroder Investment Management Group now owns 318,623 shares of the network technology company’s stock valued at $38,691,000 after purchasing an additional 225,919 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.
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About F5 Networks
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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