F5 Networks, Inc. (FFIV) Given “Sell” Rating at Deutsche Bank AG
F5 Networks, Inc. (NASDAQ:FFIV)‘s stock had its “sell” rating reissued by research analysts at Deutsche Bank AG in a research report issued on Tuesday, Marketbeat.com reports. They currently have a $90.00 price objective on the network technology company’s stock, down from their prior price objective of $100.00. Deutsche Bank AG’s target price indicates a potential downside of 23.61% from the company’s current price.
FFIV has been the subject of several other reports. Zacks Investment Research lowered F5 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Oppenheimer Holdings Inc. restated a “hold” rating on shares of F5 Networks in a research note on Tuesday, September 12th. Standpoint Research assumed coverage on F5 Networks in a research note on Monday. They issued an “accumulate” rating and a $160.00 target price on the stock. Drexel Hamilton restated a “buy” rating and issued a $160.00 target price on shares of F5 Networks in a research note on Friday, July 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $131.94.
F5 Networks (NASDAQ:FFIV) traded down 4.77% during trading on Tuesday, hitting $117.82. The stock had a trading volume of 1,406,111 shares. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 19.57 and a beta of 1.14. F5 Networks has a 1-year low of $114.45 and a 1-year high of $149.50. The firm’s 50 day moving average is $117.95 and its 200 day moving average is $127.42.
F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The company had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. During the same quarter last year, the business posted $1.81 EPS. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts anticipate that F5 Networks will post $8.17 earnings per share for the current year.
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In other news, Director Alan Higginson sold 2,540 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $120.52, for a total transaction of $306,120.80. Following the transaction, the director now owns 13,310 shares in the company, valued at approximately $1,604,121.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP John D. Dilullo sold 3,052 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $120.55, for a total transaction of $367,918.60. Following the transaction, the executive vice president now owns 7,255 shares in the company, valued at approximately $874,590.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,312 shares of company stock valued at $2,675,607. 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. Eqis Capital Management Inc. grew its position in F5 Networks by 11.9% during the third quarter. Eqis Capital Management Inc. now owns 5,474 shares of the network technology company’s stock worth $660,000 after buying an additional 580 shares in the last quarter. USA Financial Portformulas Corp bought a new position in F5 Networks during the second quarter valued at about $694,000. RNC Capital Management LLC increased its stake in F5 Networks by 13.9% during the second quarter. RNC Capital Management LLC now owns 2,248 shares of the network technology company’s stock valued at $286,000 after acquiring an additional 275 shares during the period. Sentry Investment Management LLC increased its stake in F5 Networks by 3.5% during the second quarter. Sentry Investment Management LLC now owns 5,425 shares of the network technology company’s stock valued at $689,000 after acquiring an additional 181 shares during the period. Finally, Toronto Dominion Bank increased its stake in F5 Networks by 25.1% during the second quarter. Toronto Dominion Bank now owns 21,933 shares of the network technology company’s stock valued at $2,786,000 after acquiring an additional 4,407 shares during the period. Institutional investors and hedge funds own 96.50% 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.
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