F5 Networks, Inc. (NASDAQ:FFIV)‘s stock had its “hold” rating reissued by equities researchers at KeyCorp in a research note issued on Wednesday.

Several other equities research analysts also recently weighed in on the company. Piper Jaffray Companies reissued a “hold” rating and set a $121.00 price objective on shares of F5 Networks in a report on Thursday. Zacks Investment Research downgraded F5 Networks from a “hold” rating to a “sell” rating in a report on Wednesday. Royal Bank Of Canada reissued a “hold” rating and set a $129.00 price objective on shares of F5 Networks in a report on Tuesday. Morgan Stanley cut their price objective on F5 Networks from $130.00 to $120.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Robert W. Baird reissued a “hold” rating and set a $125.00 price objective on shares of F5 Networks in a report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the stock. F5 Networks has an average rating of “Hold” and an average price target of $128.94.

F5 Networks (NASDAQ:FFIV) traded down 0.13% during midday trading on Wednesday, hitting $115.84. The stock had a trading volume of 618,578 shares. The company has a market capitalization of $7.36 billion, a PE ratio of 19.24 and a beta of 1.14. The company’s 50-day moving average price is $117.99 and its 200 day moving average price is $126.09. 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 for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. During the same quarter last year, the business posted $1.81 EPS. F5 Networks’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts expect that F5 Networks will post $8.17 EPS for the current year.

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In related news, COO Edward Julian Eames sold 4,378 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total value of $528,118.14. Following the completion of the sale, the chief operating officer now directly owns 35,088 shares of the company’s stock, valued at approximately $4,232,665.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francois Locoh-Donou sold 2,029 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total value of $242,688.69. Following the completion of the sale, the chief executive officer now directly owns 2,636 shares of the company’s stock, valued at $315,291.96. The disclosure for this sale can be found here. Insiders sold a total of 22,312 shares of company stock valued at $2,675,607 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in FFIV. BlackRock Inc. boosted its stake in F5 Networks by 2,108.1% during the 1st 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 last quarter. Koch Industries Inc. acquired a new position in F5 Networks during the 2nd quarter valued at about $832,000. Janus Henderson Group PLC boosted its stake in F5 Networks by 424.5% during the 2nd 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 last quarter. Morgan Stanley boosted its stake in F5 Networks by 171.1% during the 1st 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 last quarter. Finally, FMR LLC boosted its stake in F5 Networks by 30.7% during the 2nd quarter. FMR LLC now owns 1,185,212 shares of the network technology company’s stock valued at $150,592,000 after purchasing an additional 278,682 shares during the last quarter. 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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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