F5 Networks Inc. (NASDAQ:FFIV) Receives Consensus Recommendation of “Hold” from Brokerages
F5 Networks Inc. (NASDAQ:FFIV) has earned an average rating of “Hold” from the forty-one brokerages that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, twenty-two have assigned a hold recommendation, sixteen have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $115.49.
A number of research firms have recently commented on FFIV. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of F5 Networks in a report on Thursday, July 21st. Royal Bank Of Canada upped their target price on F5 Networks from $110.00 to $115.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 20th. Robert W. Baird reaffirmed a “neutral” rating and issued a $110.00 target price on shares of F5 Networks in a report on Thursday, June 9th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $125.00 target price (up previously from $104.00) on shares of F5 Networks in a report on Friday, July 22nd. Finally, MKM Partners upped their target price on F5 Networks from $118.00 to $133.00 and gave the stock a “neutral” rating in a report on Thursday, July 21st.
In other F5 Networks news, insider John Mcadam sold 7,169 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $126.11, for a total value of $904,082.59. Following the completion of the sale, the insider now directly owns 33,682 shares of the company’s stock, valued at $4,247,637.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andrew Reinland sold 5,674 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $122.94, for a total value of $697,561.56. Following the completion of the sale, the chief financial officer now directly owns 16,935 shares of the company’s stock, valued at $2,081,988.90. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
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Hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc increased its stake in F5 Networks by 23.1% in the first quarter. IFP Advisors Inc now owns 948 shares of the network technology company’s stock worth $100,000 after buying an additional 178 shares in the last quarter. JFS Wealth Advisors LLC purchased a new stake in F5 Networks during the second quarter worth about $137,000. Macquarie Group Ltd. increased its stake in F5 Networks by 8.4% in the second quarter. Macquarie Group Ltd. now owns 1,301 shares of the network technology company’s stock worth $148,000 after buying an additional 101 shares in the last quarter. Pacer Advisors Inc. increased its stake in F5 Networks by 7.5% in the second quarter. Pacer Advisors Inc. now owns 1,341 shares of the network technology company’s stock worth $153,000 after buying an additional 93 shares in the last quarter. Finally, Invictus RG increased its stake in F5 Networks by 620.0% in the first quarter. Invictus RG now owns 1,440 shares of the network technology company’s stock worth $152,000 after buying an additional 1,240 shares in the last quarter. 94.78% of the stock is owned by institutional investors and hedge funds.
F5 Networks (NASDAQ:FFIV) traded down 1.10% during trading on Friday, hitting $123.57. The stock had a trading volume of 112,741 shares. The firm has a market capitalization of $8.18 billion, a P/E ratio of 24.15 and a beta of 1.96. The stock has a 50 day moving average of $122.15 and a 200 day moving average of $114.17. F5 Networks has a one year low of $86.03 and a one year high of $127.13.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 20th. The network technology company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.02. F5 Networks had a return on equity of 29.95% and a net margin of 17.96%. The company earned $496.50 million during the quarter, compared to analysts’ expectations of $495.48 million. During the same quarter in the previous year, the firm earned $1.67 EPS. F5 Networks’s revenue was up 2.7% on a year-over-year basis. Equities research analysts expect that F5 Networks will post $7.14 earnings per share for the current fiscal year.
F5 Networks Company Profile
F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.
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