F5 Networks, Inc. (NASDAQ:FFIV)‘s stock had its “outperform” rating reaffirmed by analysts at BMO Capital Markets in a report released on Thursday. They presently have a $124.00 target price on the network technology company’s stock, down from their prior target price of $132.00. BMO Capital Markets’ price objective points to a potential upside of 4.18% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Barclays PLC cut their target price on shares of F5 Networks from $124.00 to $116.00 and set an “overweight” rating for the company in a research note on Thursday. CIBC reissued a “market perform” rating on shares of F5 Networks in a research note on Thursday. Oppenheimer Holdings, Inc. downgraded shares of F5 Networks from an “outperform” rating to a “market perform” rating and cut their target price for the company 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 cut their target price for the company from $145.00 to $120.00 in a research note on Thursday. Finally, Citigroup Inc. downgraded shares of F5 Networks to a “market perform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $132.00.

F5 Networks (NASDAQ FFIV) traded down 7.16% during midday trading on Thursday, reaching $119.02. 3,845,933 shares of the company’s stock traded hands. The firm’s 50-day moving average is $128.04 and its 200-day moving average is $135.29. The company has a market capitalization of $7.70 billion, a price-to-earnings ratio of 20.31 and a beta of 1.17. F5 Networks has a 1-year low of $114.45 and a 1-year high of $149.50.

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

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In other F5 Networks news, CFO Andrew Reinland sold 6,235 shares of the stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $127.40, for a total value of $794,339.00. Following the sale, the chief financial officer now directly owns 18,602 shares of the company’s stock, valued at $2,369,894.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ryan C. Kearny sold 846 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $127.95, for a total value of $108,245.70. Following the completion of the sale, the executive vice president now directly owns 1,071 shares in the company, valued at $137,034.45. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,146 shares of company stock worth $3,234,190. Corporate insiders own 0.26% of the company’s stock.

A number of large investors have recently modified their holdings of the company. American Beacon Advisors Inc. bought a new stake in shares of F5 Networks during the first quarter valued at $153,000. Van ECK Associates Corp raised its stake 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 valued at $164,000 after buying an additional 65 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of F5 Networks by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,376 shares of the network technology company’s stock valued at $196,000 after buying an additional 67 shares in the last quarter. First Bank & Trust raised its stake in shares of F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock valued at $232,000 after buying an additional 5 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its stake in shares of F5 Networks by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock valued at $243,000 after buying an additional 98 shares in the last quarter. 94.88% of the stock is currently owned by hedge funds and other institutional investors.

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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