F5 Networks, Inc. (FFIV) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of F5 Networks, Inc. (NASDAQ:FFIV) have received a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, sixteen have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $145.41.

A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of F5 Networks from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Wednesday, January 10th. Piper Jaffray Companies reaffirmed a “neutral” rating and set a $146.00 price target on shares of F5 Networks in a report on Wednesday, January 10th. DA Davidson set a $155.00 price target on shares of F5 Networks and gave the stock a “buy” rating in a report on Wednesday, January 17th. Deutsche Bank reaffirmed a “sell” rating on shares of F5 Networks in a report on Friday, January 5th. Finally, Cowen reaffirmed a “buy” rating and set a $162.00 price target on shares of F5 Networks in a report on Thursday, January 25th.

In other F5 Networks news, EVP John D. Dilullo sold 3,801 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $142.69, for a total value of $542,364.69. Following the completion of the transaction, the executive vice president now directly owns 7,522 shares in the company, valued at approximately $1,073,314.18. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 1,675 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $142.85, for a total transaction of $239,273.75. Following the completion of the transaction, the chief executive officer now owns 3,984 shares of the company’s stock, valued at $569,114.40. The disclosure for this sale can be found here. In the last three months, insiders sold 10,209 shares of company stock valued at $1,467,119. 0.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in FFIV. Zions Bancorporation increased its position in F5 Networks by 16,733.3% in the 3rd quarter. Zions Bancorporation now owns 1,010 shares of the network technology company’s stock valued at $122,000 after acquiring an additional 1,004 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its position in F5 Networks by 58.1% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,360 shares of the network technology company’s stock valued at $164,000 after acquiring an additional 500 shares during the period. Wealthstreet Investment Advisors LLC acquired a new position in F5 Networks in the 4th quarter valued at approximately $236,000. Cadence Capital Management LLC acquired a new position in F5 Networks in the 3rd quarter valued at approximately $241,000. Finally, Moloney Securities Asset Management LLC acquired a new position in F5 Networks in the 3rd quarter valued at approximately $249,000. Hedge funds and other institutional investors own 95.05% of the company’s stock.

F5 Networks (NASDAQ FFIV) traded up $1.51 during midday trading on Tuesday, reaching $140.15. 622,800 shares of the company’s stock were exchanged, compared to its average volume of 889,008. The company has a market cap of $8,910.00, a P/E ratio of 21.59, a P/E/G ratio of 2.11 and a beta of 1.08. F5 Networks has a 52-week low of $114.63 and a 52-week high of $149.50.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.05 by $0.21. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. The firm had revenue of $523.20 million during the quarter, compared to the consensus estimate of $521.07 million. During the same quarter in the previous year, the firm posted $1.98 EPS. The business’s revenue for the quarter was up 1.4% compared to the same quarter last year. equities research analysts forecast that F5 Networks will post 7.23 earnings per share for the current year.

F5 Networks declared that its Board of Directors has approved a stock buyback plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the network technology company to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

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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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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