F5 Networks, Inc. (FFIV) Stock Rating Reaffirmed by Piper Jaffray Companies
F5 Networks, Inc. (NASDAQ:FFIV)‘s stock had its “hold” rating reissued by Piper Jaffray Companies in a research report issued to clients and investors on Thursday. They currently have a $121.00 price target on the network technology company’s stock. Piper Jaffray Companies’ price target points to a potential upside of 4.32% from the stock’s previous close.
Several other brokerages also recently weighed in on FFIV. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of F5 Networks in a research note on Tuesday, September 12th. Robert W. Baird reissued a “hold” rating on shares of F5 Networks in a research note on Thursday, July 27th. Royal Bank Of Canada reissued a “hold” rating and issued a $129.00 price objective on shares of F5 Networks in a research note on Tuesday. BMO Capital Markets reissued 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. Finally, Drexel Hamilton reissued a “buy” rating and issued a $160.00 price objective on shares of F5 Networks in a research note on Friday, July 21st. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $128.94.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.03. The business had revenue of $517.80 million during the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 EPS.
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In related news, COO Edward Julian Eames sold 4,378 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total transaction of $528,118.14. Following the completion of the transaction, the chief operating officer now directly owns 35,088 shares in the company, valued at approximately $4,232,665.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Benjamin Gibson sold 3,262 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total value of $382,469.50. Following the transaction, the executive vice president now owns 815 shares of the company’s stock, valued at $95,558.75. The disclosure for this sale can be found here. Insiders have sold a total of 22,312 shares of company stock valued at $2,675,607 over the last 90 days. 0.26% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Acrospire Investment Management LLC boosted its holdings in F5 Networks by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock valued at $102,000 after acquiring an additional 400 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in F5 Networks by 23.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock valued at $110,000 after acquiring an additional 161 shares during the period. IFP Advisors Inc boosted its holdings in F5 Networks by 65.6% during the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after acquiring an additional 380 shares during the period. American Beacon Advisors Inc. purchased a new position in F5 Networks during the 1st quarter valued at about $153,000. Finally, Van ECK Associates Corp boosted its holdings in F5 Networks by 6.0% during the 1st quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after acquiring an additional 65 shares during the period. Institutional investors 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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