Needham & Company LLC restated their hold rating on shares of F5 Networks, Inc. (NASDAQ:FFIV) in a research report released on Tuesday.

FFIV has been the topic of several other research reports. Zacks Investment Research downgraded shares of F5 Networks from a hold rating to a sell rating in a report on Monday, July 31st. Jefferies Group LLC reiterated a hold rating and issued a $124.00 price target on shares of F5 Networks in a report on Thursday, August 31st. Piper Jaffray Companies downgraded shares of F5 Networks from an overweight rating to a neutral rating and cut their price target for the stock from $144.00 to $136.00 in a report on Friday, July 14th. Royal Bank Of Canada restated a hold rating and issued a $132.00 price objective on shares of F5 Networks in a research report on Monday, May 29th. Finally, Drexel Hamilton restated a buy rating and issued a $160.00 price objective on shares of F5 Networks in a research report on Friday, July 21st. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $130.81.

F5 Networks (NASDAQ:FFIV) opened at 116.62 on Tuesday. F5 Networks has a 12-month low of $114.45 and a 12-month high of $149.50. The company has a 50 day moving average of $117.99 and a 200-day moving average of $129.63. The stock has a market cap of $7.41 billion, a P/E ratio of 19.37 and a beta of 1.16.

F5 Networks (NASDAQ:FFIV) last issued its quarterly 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. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. During the same quarter in the prior year, the company earned $1.81 EPS. F5 Networks’s quarterly revenue was up 4.3% on a year-over-year basis. Equities analysts forecast that F5 Networks will post $8.17 earnings per share for the current year.

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In related news, EVP Benjamin Gibson sold 3,262 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the completion of the transaction, the executive vice president now directly owns 815 shares of the company’s stock, valued at approximately $95,558.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John D. Dilullo sold 3,052 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $120.55, for a total value of $367,918.60. Following the completion of the transaction, the executive vice president now directly owns 7,255 shares of the company’s stock, valued at $874,590.25. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,312 shares of company stock valued at $2,675,607. 0.26% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FFIV. Acrospire Investment Management LLC raised its stake in F5 Networks by 100.0% in the 2nd 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 during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in F5 Networks by 23.0% in the 2nd 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 during the last quarter. IFP Advisors Inc raised its stake in F5 Networks by 65.6% in the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after purchasing an additional 380 shares during the last quarter. American Beacon Advisors Inc. acquired a new position in F5 Networks in the 1st quarter valued at $153,000. Finally, Van ECK Associates Corp raised its stake in F5 Networks by 6.0% in the 1st quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after purchasing an additional 65 shares during the last quarter. 96.45% of the stock is owned by hedge funds and other institutional investors.

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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