F5 Networks, Inc. (NASDAQ:FFIV)‘s stock had its “market perform” rating reaffirmed by research analysts at CIBC in a report released on Thursday.

A number of other analysts have also recently commented on the stock. Oppenheimer Holdings, Inc. downgraded shares of F5 Networks from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $145.00 to $120.00 in a research note on Thursday. Wells Fargo & Company downgraded shares of F5 Networks from an “outperform” rating to a “market perform” rating and set a $120.00 target price for the company. in a research note on Thursday. Citigroup Inc. downgraded shares of F5 Networks to a “market perform” rating in a research report on Thursday. Piper Jaffray Companies cut their price objective on shares of F5 Networks to $121.00 and set a “neutral” rating for the company in a research report on Thursday. Finally, Robert W. Baird restated a “hold” rating on shares of F5 Networks in a research report on Thursday. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $133.00.

Shares of F5 Networks (NASDAQ:FFIV) traded down 7.16% during mid-day trading on Thursday, hitting $119.02. The company had a trading volume of 3,845,933 shares. The firm has a market cap of $7.70 billion, a PE ratio of 20.31 and a beta of 1.17. The firm’s 50 day moving average is $128.29 and its 200-day moving average is $135.41. F5 Networks has a 12-month low of $114.45 and a 12-month high of $149.50.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.03. The firm had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a return on equity of 33.53% and a net margin of 18.88%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.81 EPS. On average, equities analysts expect that F5 Networks will post $8.20 EPS for the current year.

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In other F5 Networks news, Director John Mcadam sold 10,000 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $8,715,272.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Dilullo sold 3,420 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $127.62, for a total transaction of $436,460.40. Following the completion of the sale, the executive vice president now directly owns 4,926 shares of the company’s stock, valued at $628,656.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,146 shares of company stock valued at $3,234,190. 0.26% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of F5 Networks by 2.7% in the first quarter. Vanguard Group Inc. now owns 6,400,279 shares of the network technology company’s stock worth $912,487,000 after buying an additional 168,528 shares during the last quarter. BlackRock Inc. boosted its stake in shares of 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 last quarter. Harding Loevner LP boosted its stake in shares of F5 Networks by 3.2% in the first quarter. Harding Loevner LP now owns 1,907,775 shares of the network technology company’s stock worth $271,992,000 after buying an additional 58,469 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of 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 last quarter. Finally, First Eagle Investment Management LLC boosted its stake in shares of F5 Networks by 1.6% in the first quarter. First Eagle Investment Management LLC now owns 1,548,995 shares of the network technology company’s stock worth $220,840,000 after buying an additional 23,663 shares during the last quarter. Hedge funds and other institutional investors own 94.88% of the company’s stock.

F5 Networks Company Profile

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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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