F5 Networks, Inc. (FFIV) Receives $129.29 Average PT from Brokerages
Shares of F5 Networks, Inc. (NASDAQ:FFIV) have been assigned an average recommendation of “Hold” from the twenty-one brokerages that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $129.29.
A number of analysts have recently weighed in on the stock. Jefferies Group LLC restated a “hold” rating and issued a $130.00 price target on shares of F5 Networks in a report on Friday, June 16th. Piper Jaffray Companies cut shares of F5 Networks from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $144.00 to $136.00 in a report on Friday, July 14th. Zacks Investment Research cut shares of F5 Networks from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Needham & Company LLC restated a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Finally, BidaskClub cut shares of F5 Networks from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th.
In other F5 Networks news, EVP Ryan C. Kearny sold 836 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total transaction of $100,813.24. Following the sale, the executive vice president now directly owns 2,148 shares in the company, valued at $259,027.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $528,118.14. Following the sale, the chief operating officer now owns 35,088 shares in the company, valued at $4,232,665.44. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,312 shares of company stock worth $2,675,607. Corporate insiders own 0.26% of the company’s stock.
Large investors have recently modified their holdings of the business. Acrospire Investment Management LLC increased its stake 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 worth $102,000 after purchasing an additional 400 shares during the period. Migdal Insurance & Financial Holdings Ltd. increased its stake 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 worth $110,000 after purchasing an additional 161 shares during the period. IFP Advisors Inc increased its stake in F5 Networks by 65.6% during the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock worth $122,000 after purchasing an additional 380 shares during the period. American Beacon Advisors Inc. purchased a new stake in F5 Networks during the first quarter worth about $153,000. Finally, Van ECK Associates Corp increased its stake in F5 Networks by 6.0% during the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after purchasing an additional 65 shares during the period. Institutional investors own 96.50% of the company’s stock.
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Shares of F5 Networks (NASDAQ:FFIV) traded down 0.12% on Friday, reaching $116.76. 614,024 shares of the company’s stock traded hands. F5 Networks has a 12-month low of $114.45 and a 12-month high of $149.50. The company has a market cap of $7.42 billion, a PE ratio of 19.39 and a beta of 1.16. The stock has a 50-day moving average price of $117.86 and a 200-day moving average price of $129.24.
F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) 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 analysts’ expectations of $525.57 million. During the same period in the prior year, the business earned $1.81 EPS. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that F5 Networks will post $8.17 EPS for the current fiscal year.
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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