BidaskClub upgraded shares of F5 Networks (NASDAQ:FFIV) from a buy rating to a strong-buy rating in a research report sent to investors on Thursday morning.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of F5 Networks from a strong-buy rating to a hold rating in a report on Tuesday, March 27th. William Blair upgraded shares of F5 Networks from a market perform rating to an outperform rating in a report on Friday, April 13th. ValuEngine downgraded shares of F5 Networks from a buy rating to a hold rating in a report on Saturday, March 10th. Bank of America upped their price target on shares of F5 Networks from $180.00 to $200.00 and gave the stock a buy rating in a report on Monday, June 11th. Finally, Nomura lowered their price target on shares of F5 Networks to $140.00 and set a neutral rating for the company in a report on Wednesday, April 18th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $152.19.
Shares of F5 Networks traded down $0.53, hitting $172.45, during trading on Thursday, MarketBeat Ratings reports. 439,239 shares of the company were exchanged, compared to its average volume of 758,804. The company has a market capitalization of $10.41 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 2.49 and a beta of 1.07. F5 Networks has a 1-year low of $114.63 and a 1-year high of $183.27.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, April 25th. The network technology company reported $2.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.04. The company had revenue of $533.30 million during the quarter, compared to the consensus estimate of $529.95 million. F5 Networks had a net margin of 20.43% and a return on equity of 37.01%. The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.95 earnings per share. sell-side analysts expect that F5 Networks will post 7.46 earnings per share for the current fiscal year.
In other F5 Networks news, SVP Ryan C. Kearny sold 862 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $162.78, for a total transaction of $140,316.36. Following the completion of the sale, the senior vice president now directly owns 4,505 shares in the company, valued at approximately $733,323.90. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John Mcadam sold 25,000 shares of the stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $173.09, for a total value of $4,327,250.00. Following the sale, the director now owns 26,477 shares of the company’s stock, valued at $4,582,903.93. The disclosure for this sale can be found here. Insiders sold 61,367 shares of company stock valued at $10,520,380 over the last 90 days. 0.26% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in F5 Networks during the 4th quarter worth about $2,541,000. Virtu Financial LLC grew its holdings in F5 Networks by 50.9% during the 4th quarter. Virtu Financial LLC now owns 3,730 shares of the network technology company’s stock worth $489,000 after acquiring an additional 1,258 shares during the period. William Blair Investment Management LLC acquired a new stake in F5 Networks during the 4th quarter worth about $1,161,000. Lazard Asset Management LLC grew its holdings in F5 Networks by 4.9% during the 4th quarter. Lazard Asset Management LLC now owns 189,156 shares of the network technology company’s stock worth $24,820,000 after acquiring an additional 8,903 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of F5 Networks by 20.7% during the 1st 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. Hedge funds and other institutional investors own 94.23% of the company’s stock.
About F5 Networks
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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