Shares of F5 Networks, Inc. (NASDAQ:FFIV) have been given a consensus rating of “Hold” by the twenty-one ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $129.29.

FFIV has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a “hold” rating and set a $132.00 target price on shares of F5 Networks in a report on Monday, May 29th. Cowen and Company reiterated an “outperform” rating and set a $145.00 target price on shares of F5 Networks in a report on Monday, June 5th. Jefferies Group LLC restated a “hold” rating and set a $130.00 price objective on shares of F5 Networks in a report on Friday, June 16th. Piper Jaffray Companies cut F5 Networks from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $144.00 to $136.00 in a report on Friday, July 14th. Finally, Drexel Hamilton restated a “buy” rating and set a $160.00 price objective on shares of F5 Networks in a report on Friday, July 21st.

In other F5 Networks news, EVP Benjamin Gibson sold 3,262 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the transaction, the executive vice president now directly owns 815 shares of the company’s stock, valued at $95,558.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Dilullo sold 3,052 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $120.55, for a total value of $367,918.60. Following the completion of the transaction, the executive vice president now directly owns 7,255 shares in the company, valued at $874,590.25. The disclosure for this sale can be found here. Insiders sold 22,312 shares of company stock worth $2,675,607 over the last three months. 0.26% of the stock is currently owned by corporate insiders.

A number of large 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 valued at $628,003,000 after purchasing an additional 4,205,384 shares during the period. Koch Industries Inc. purchased a new position in F5 Networks in the second quarter valued at about $832,000. Janus Henderson Group PLC raised its position in F5 Networks by 424.5% in the second quarter. Janus Henderson Group PLC now owns 748,290 shares of the network technology company’s stock valued at $95,081,000 after purchasing an additional 605,629 shares during the period. 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 valued at $118,207,000 after purchasing an additional 523,250 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 valued at $52,298,000 after purchasing an additional 357,758 shares during the period. 96.45% of the stock is currently owned by institutional investors.

F5 Networks (FFIV) traded down 0.25% during trading on Friday, reaching $116.62. The company’s stock had a trading volume of 1,184,030 shares. The company has a 50 day moving average price of $117.99 and a 200-day moving average price of $129.63. F5 Networks has a 52 week low of $114.45 and a 52 week high of $149.50. The company has a market capitalization of $7.41 billion, a PE ratio of 19.37 and a beta of 1.16.

F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting analysts’ consensus estimates of $2.03. The firm had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. F5 Networks’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.81 EPS. Equities research analysts anticipate 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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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