F5 Networks, Inc. (NASDAQ:FFIV) – Investment analysts at DA Davidson boosted their Q1 2019 earnings per share (EPS) estimates for F5 Networks in a note issued to investors on Wednesday. DA Davidson analyst M. Kelleher now forecasts that the network technology company will earn $1.75 per share for the quarter, up from their previous forecast of $1.73. DA Davidson currently has a “Buy” rating and a $155.00 target price on the stock. DA Davidson also issued estimates for F5 Networks’ Q2 2019 earnings at $1.82 EPS, Q3 2019 earnings at $1.96 EPS, Q4 2019 earnings at $1.99 EPS and FY2019 earnings at $7.52 EPS.

Other equities analysts have also issued reports about the company. Zacks Investment Research raised F5 Networks from a “hold” rating to a “buy” rating and set a $159.00 price target for the company in a report on Tuesday. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $146.00 price target on shares of F5 Networks in a report on Wednesday, January 10th. Deutsche Bank reaffirmed a “sell” rating on shares of F5 Networks in a report on Friday, January 5th. Bank of America raised F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 price target for the company in a report on Friday, January 5th. Finally, BMO Capital Markets raised F5 Networks from a “market perform” rating to an “outperform” rating and set a $122.00 price target for the company in a report on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have assigned a buy rating to the stock. F5 Networks presently has an average rating of “Hold” and an average target price of $132.16.

F5 Networks (FFIV) traded down $1.55 during trading hours on Thursday, reaching $138.00. The company’s stock had a trading volume of 568,261 shares, compared to its average volume of 643,141. F5 Networks has a twelve month low of $114.63 and a twelve month high of $149.50. The stock has a market capitalization of $8,770.00, a P/E ratio of 21.20, a P/E/G ratio of 2.17 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The business had revenue of $538.00 million during the quarter, compared to the consensus estimate of $534.71 million. During the same period last year, the business posted $2.11 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis.

F5 Networks announced that its board has authorized a share buyback plan on Wednesday, October 25th that permits the company to buyback $1.00 billion in outstanding shares. This buyback authorization permits the network technology company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

In related news, COO Edward Julian Eames sold 15,489 shares of F5 Networks stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $120.84, for a total transaction of $1,871,690.76. Following the completion of the sale, the chief operating officer now owns 21,587 shares of the company’s stock, valued at $2,608,573.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Andrew Reinland sold 2,241 shares of F5 Networks stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $121.03, for a total value of $271,228.23. Following the sale, the chief financial officer now directly owns 15,369 shares of the company’s stock, valued at approximately $1,860,110.07. The disclosure for this sale can be found here. Insiders have sold 35,712 shares of company stock valued at $4,316,345 in the last three months. 0.26% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of FFIV. Acrospire Investment Management LLC raised its position 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 valued at $102,000 after purchasing an additional 400 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position 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 valued at $110,000 after purchasing an additional 161 shares in the last quarter. Zions Bancorporation raised its position in F5 Networks by 16,733.3% during the third quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock valued at $122,000 after purchasing an additional 1,004 shares in the last quarter. Institute for Wealth Management LLC. purchased a new stake in F5 Networks during the second quarter valued at about $234,000. Finally, Cadence Capital Management LLC purchased a new stake in F5 Networks during the third quarter valued at about $241,000. 94.87% of the stock is owned by institutional investors.

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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.

Earnings History and Estimates for F5 Networks (NASDAQ:FFIV)

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