Shares of F5 Networks, Inc. (NASDAQ:FFIV) have received a consensus recommendation of “Hold” from the eighteen analysts that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $176.19.
A number of brokerages have issued reports on FFIV. Cowen boosted their price target on F5 Networks from $186.00 to $196.00 and gave the company an “outperform” rating in a report on Friday, October 26th. ValuEngine downgraded F5 Networks from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Nomura decreased their price target on F5 Networks to $155.00 and set a “neutral” rating for the company in a report on Thursday, January 24th. Credit Suisse Group reissued a “buy” rating and issued a $218.00 price target on shares of F5 Networks in a report on Thursday, December 20th. Finally, MKM Partners decreased their price target on F5 Networks to $175.00 and set a “neutral” rating for the company in a report on Thursday, January 24th.
In related news, EVP Thomas Dean Fountain sold 545 shares of the business’s stock in a transaction that occurred on Tuesday, February 19th. The stock was sold at an average price of $170.68, for a total transaction of $93,020.60. Following the completion of the sale, the executive vice president now directly owns 1,308 shares in the company, valued at $223,249.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Francois Locoh-Donou sold 4,036 shares of the business’s stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $159.50, for a total value of $643,742.00. Following the sale, the chief executive officer now owns 29,639 shares of the company’s stock, valued at $4,727,420.50. The disclosure for this sale can be found here. Insiders sold 13,924 shares of company stock valued at $2,245,880 over the last 90 days. Company insiders own 0.22% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of FFIV. AQR Capital Management LLC increased its position in shares of F5 Networks by 66.2% during the third quarter. AQR Capital Management LLC now owns 1,806,836 shares of the network technology company’s stock worth $360,319,000 after purchasing an additional 719,638 shares in the last quarter. Janus Henderson Group PLC grew its holdings in F5 Networks by 285.4% in the 3rd quarter. Janus Henderson Group PLC now owns 572,454 shares of the network technology company’s stock valued at $114,159,000 after buying an additional 423,915 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in F5 Networks by 138.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 639,008 shares of the network technology company’s stock valued at $127,430,000 after buying an additional 370,827 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of F5 Networks by 632.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 400,039 shares of the network technology company’s stock valued at $79,776,000 after purchasing an additional 345,391 shares during the last quarter. Finally, Sadoff Investment Management LLC acquired a new position in shares of F5 Networks in the 4th quarter valued at $36,641,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.
F5 Networks stock opened at $172.08 on Friday. F5 Networks has a 52 week low of $138.67 and a 52 week high of $199.71. The stock has a market cap of $10.00 billion, a P/E ratio of 21.51, a PEG ratio of 2.16 and a beta of 0.94.
F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, January 23rd. The network technology company reported $2.70 EPS for the quarter, topping the Zacks’ consensus estimate of $2.53 by $0.17. F5 Networks had a return on equity of 40.12% and a net margin of 22.74%. The firm had revenue of $543.80 million during the quarter, compared to the consensus estimate of $547.39 million. During the same quarter in the previous year, the company posted $2.26 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. Analysts expect that F5 Networks will post 8.62 EPS for the current fiscal year.
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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