F5 Networks, Inc. (FFIV) Receives Average Rating of “Hold” from Analysts
Shares of F5 Networks, Inc. (NASDAQ:FFIV) have been assigned a consensus rating of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $129.07.
Several research analysts have recently issued reports on the company. Zacks Investment Research cut F5 Networks from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. BMO Capital Markets restated an “outperform” rating and issued a $124.00 price objective (down from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Barclays PLC reduced their price target on F5 Networks from $124.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, July 27th. CIBC reiterated a “market perform” rating on shares of F5 Networks in a research report on Thursday, July 27th. Finally, Oppenheimer Holdings, Inc. cut F5 Networks from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $145.00 to $120.00 in a research report on Thursday, July 27th.
In related news, CFO Andrew Reinland sold 6,215 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total value of $747,478.05. Following the sale, the chief financial officer now owns 20,601 shares in the company, valued at approximately $2,477,682.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alan Higginson sold 2,540 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $120.52, for a total value of $306,120.80. Following the completion of the sale, the director now owns 13,310 shares in the company, valued at approximately $1,604,121.20. The disclosure for this sale can be found here. Insiders sold a total of 19,050 shares of company stock worth $2,293,138 in the last quarter. Company insiders own 0.26% of the company’s stock.
Large investors have recently modified their holdings of the company. RNC Capital Management LLC increased its stake in shares of F5 Networks by 13.9% in the second quarter. RNC Capital Management LLC now owns 2,248 shares of the network technology company’s stock valued at $286,000 after buying an additional 275 shares during the period. Sentry Investment Management LLC increased its stake in shares of F5 Networks by 3.5% in the second quarter. Sentry Investment Management LLC now owns 5,425 shares of the network technology company’s stock valued at $689,000 after buying an additional 181 shares during the period. Toronto Dominion Bank increased its stake in shares of F5 Networks by 25.1% in the second quarter. Toronto Dominion Bank now owns 21,933 shares of the network technology company’s stock valued at $2,786,000 after buying an additional 4,407 shares during the period. Oak Associates Ltd. OH increased its stake in shares of F5 Networks by 17.8% in the second quarter. Oak Associates Ltd. OH now owns 10,955 shares of the network technology company’s stock valued at $1,392,000 after buying an additional 1,655 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of F5 Networks during the second quarter valued at $653,000. Institutional investors own 92.59% of the company’s stock.
Shares of F5 Networks (NASDAQ FFIV) traded up 0.52% during trading on Tuesday, reaching $116.71. The company’s stock had a trading volume of 219,010 shares. The firm’s 50-day moving average is $123.05 and its 200-day moving average is $132.62. The stock has a market capitalization of $7.42 billion, a PE ratio of 19.38 and a beta of 1.16. F5 Networks has a 12-month low of $114.45 and a 12-month high of $149.50.
F5 Networks (NASDAQ:FFIV) last announced 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. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $525.57 million. During the same period last year, the business posted $1.81 earnings per share. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts expect that F5 Networks will post $8.17 earnings per share for the current year.
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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.
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