Robert W. Baird restated their hold rating on shares of F5 Networks, Inc. (NASDAQ:FFIV) in a research report report published on Thursday, July 27th.
Several other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of F5 Networks from a sell rating to a strong sell rating in a research report on Tuesday, July 25th. Drexel Hamilton reiterated a buy rating and issued a $160.00 price target on shares of F5 Networks in a research report on Friday, July 21st. Piper Jaffray Companies downgraded shares of F5 Networks from an overweight rating to a neutral rating and decreased their price target for the stock from $144.00 to $136.00 in a research report on Friday, July 14th. Jefferies Group LLC reiterated a hold rating and issued a $130.00 price target on shares of F5 Networks in a research report on Friday, June 16th. Finally, Cowen and Company reissued an outperform rating and issued a $145.00 price objective on shares of F5 Networks in a research note on Monday, June 5th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $131.19.
F5 Networks (NASDAQ FFIV) traded up 0.08% during trading on Thursday, hitting $118.65. 513,937 shares of the company’s stock traded hands. The stock has a market cap of $7.54 billion, a P/E ratio of 19.71 and a beta of 1.16. The company’s 50 day moving average is $124.25 and its 200-day moving average is $133.11. F5 Networks has a 12 month low of $114.45 and a 12 month high of $149.50.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The business had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. During the same period last year, the firm earned $1.81 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. On average, analysts predict that F5 Networks will post $8.17 earnings per share for the current year.
In other F5 Networks news, COO Edward Julian Eames sold 4,378 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $120.63, for a total transaction of $528,118.14. Following the transaction, the chief operating officer now owns 35,088 shares of the company’s stock, valued at approximately $4,232,665.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ryan C. Kearny sold 836 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total transaction of $100,813.24. Following the transaction, the executive vice president now directly owns 2,148 shares in the company, valued at approximately $259,027.32. The disclosure for this sale can be found here. Insiders have sold a total of 19,050 shares of company stock worth $2,293,138 in the last three months. Insiders own 0.26% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC increased its position in shares of F5 Networks by 100.0% in the second quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock worth $102,000 after buying an additional 400 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of F5 Networks by 23.0% in the second 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. IFP Advisors Inc increased its position in shares of F5 Networks by 65.6% in the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock worth $122,000 after buying an additional 380 shares during the last quarter. American Beacon Advisors Inc. purchased a new position in shares of F5 Networks during the first quarter worth about $153,000. Finally, Van ECK Associates Corp increased its position in shares of F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after buying an additional 65 shares during the last quarter. 92.59% of the stock is currently owned by hedge funds and other institutional investors.
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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