F5 Networks, Inc. (FFIV) Receives Consensus Rating of “Hold” from Brokerages
Shares of F5 Networks, Inc. (NASDAQ:FFIV) have earned a consensus rating of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $136.00.
Several equities analysts recently commented on FFIV shares. Oppenheimer Holdings, Inc. set a $157.00 price objective on shares of F5 Networks and gave the company a “buy” rating in a research note on Saturday, April 8th. Drexel Hamilton restated a “buy” rating and issued a $165.00 price target on shares of F5 Networks in a research report on Monday, April 24th. Morgan Stanley decreased their price target on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating for the company in a research report on Friday, April 28th. Credit Suisse Group set a $138.00 price target on shares of F5 Networks and gave the company a “hold” rating in a research report on Thursday, April 20th. Finally, Needham & Company LLC restated a “hold” rating on shares of F5 Networks in a research report on Thursday, March 30th.
F5 Networks (FFIV) traded up 0.86% during mid-day trading on Monday, reaching $128.15. 178,934 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $128.85 and a 200-day moving average of $137.65. F5 Networks has a 12 month low of $110.86 and a 12 month high of $149.50. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 21.87 and a beta of 1.17.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, April 26th. The network technology company reported $1.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.52 by $0.06. The company had revenue of $518.20 million during the quarter, compared to the consensus estimate of $523.12 million. F5 Networks had a net margin of 18.88% and a return on equity of 33.53%. F5 Networks’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.68 EPS. Analysts anticipate that F5 Networks will post $8.20 earnings per share for the current year.
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In other F5 Networks news, Director John Mcadam sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $130.17, for a total value of $1,301,700.00. Following the completion of the sale, the director now directly owns 66,953 shares in the company, valued at $8,715,272.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ryan C. Kearny sold 846 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $127.95, for a total transaction of $108,245.70. Following the completion of the sale, the executive vice president now owns 1,071 shares of the company’s stock, valued at $137,034.45. The disclosure for this sale can be found here. Insiders sold 25,146 shares of company stock valued at $3,234,190 over the last 90 days. Corporate insiders own 0.26% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in FFIV. BlackRock Inc. raised its position in F5 Networks by 2,108.1% in the first quarter. BlackRock Inc. now owns 4,404,873 shares of the network technology company’s stock worth $628,003,000 after buying an additional 4,205,384 shares during the period. Norges Bank acquired a new position in F5 Networks during the fourth quarter worth $131,723,000. Morgan Stanley raised its position in F5 Networks by 171.1% in the first quarter. Morgan Stanley now owns 829,117 shares of the network technology company’s stock worth $118,207,000 after buying an additional 523,250 shares during the period. Bank of Montreal Can raised its position in F5 Networks by 36.8% in the first quarter. Bank of Montreal Can now owns 1,745,173 shares of the network technology company’s stock worth $248,809,000 after buying an additional 469,449 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. raised its position in F5 Networks by 3,947.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 366,821 shares of the network technology company’s stock worth $52,298,000 after buying an additional 357,758 shares during the period. 97.99% 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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