F5 Networks, Inc. (FFIV) Given Consensus Rating of “Hold” by Brokerages
F5 Networks, Inc. (NASDAQ:FFIV) has earned a consensus rating of “Hold” from the twenty-two research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $129.50.
A number of equities analysts recently issued reports on the stock. Jefferies Group LLC reiterated a “hold” rating and set a $130.00 price objective on shares of F5 Networks in a research report on Friday, June 16th. Piper Jaffray Companies lowered shares of F5 Networks from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $144.00 to $136.00 in a report on Friday, July 14th. Robert W. Baird reissued a “hold” rating on shares of F5 Networks in a report on Thursday, July 27th. Oppenheimer Holdings, Inc. lowered shares of F5 Networks from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $145.00 to $120.00 in a report on Thursday, July 27th. Finally, Wells Fargo & Company lowered shares of F5 Networks from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $145.00 to $120.00 in a report on Thursday, July 27th.
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F5 Networks (FFIV) traded down 0.37% during mid-day trading on Wednesday, hitting $115.97. 317,633 shares of the stock traded hands. The firm has a market cap of $7.37 billion, a P/E ratio of 19.30 and a beta of 1.14. The firm’s 50-day moving average price is $118.02 and its 200-day moving average price is $126.17. F5 Networks has a 52 week low of $114.45 and a 52 week 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 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.03. The business had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 EPS. On average, equities analysts forecast that F5 Networks will post $8.17 earnings per share for the current fiscal year.
In related news, EVP Benjamin Gibson sold 3,262 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Edward Julian Eames sold 4,378 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total transaction of $528,118.14. Following the transaction, the chief operating officer now directly owns 35,088 shares in the company, valued at $4,232,665.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,312 shares of company stock worth $2,675,607. 0.26% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC boosted its stake in F5 Networks by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock worth $102,000 after acquiring an additional 400 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in F5 Networks by 23.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock worth $110,000 after acquiring an additional 161 shares in the last quarter. IFP Advisors Inc boosted its stake in F5 Networks by 65.6% during the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock worth $122,000 after acquiring an additional 380 shares in the last quarter. American Beacon Advisors Inc. bought a new position in F5 Networks during the first quarter worth $153,000. Finally, Van ECK Associates Corp boosted its stake in F5 Networks by 6.0% during the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after acquiring an additional 65 shares in the last quarter. 96.50% of the stock is currently owned by institutional investors and hedge funds.
About F5 Networks
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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