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Shares of F5 Networks (NASDAQ:FFIV) hit a new 52-week high during trading on Tuesday , Stock Ratings Network reports. The company traded as high as $112.59 and last traded at $112.09, with a volume of 1,861,961 shares. The stock had previously closed at $109.50.

FFIV has been the subject of a number of recent research reports. Analysts at Dougherty & Co initiated coverage on shares of F5 Networks in a research note on Monday. They set a “buy” rating and a $125.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of F5 Networks from a “hold” rating to a “buy” rating in a research note on Monday, January 27th. Finally, analysts at McAdams Wright Ragen downgraded shares of F5 Networks from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Thirteen research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. F5 Networks has an average rating of “Buy” and an average price target of $112.71.

The stock has a 50-day moving average of $97.55 and a 200-day moving average of $89.02. The company has a market cap of $8.536 billion and a P/E ratio of 31.38.

F5 Networks (NASDAQ:FFIV) last released its earnings data on Wednesday, January 22nd. The company reported $1.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.19 by $0.03. The company had revenue of $406.50 million for the quarter, compared to the consensus estimate of $396.27 million. During the same quarter last year, the company posted $1.14 earnings per share. F5 Networks’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that F5 Networks will post $5.21 EPS for the current fiscal year.

In other F5 Networks news, CEO John Mcadam sold 16,000 shares of F5 Networks stock on the open market in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $109.50, for a total value of $1,752,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

F5 Networks, Inc is a provider of Application Delivery Networking (NASDAQ:FFIV) technology that secures and optimizes the delivery of network-based applications and the security, performance and availability of servers, and other network resources.

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