F5 Networks, Inc. (NASDAQ:FFIV) had its target price reduced by research analysts at Morgan Stanley from $130.00 to $120.00 in a research report issued on Monday. The firm currently has an “equal weight” rating on the network technology company’s stock. Morgan Stanley’s price objective suggests a potential upside of 3.09% from the stock’s current price.

FFIV has been the topic of a number of other research reports. Deutsche Bank AG reaffirmed a “sell” rating and issued a $90.00 price objective (down previously from $100.00) on shares of F5 Networks in a report on Tuesday, October 3rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $130.00 price objective 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 dropped their price objective for the stock 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. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of F5 Networks in a report on Tuesday, September 12th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $128.94.

Shares of F5 Networks (NASDAQ:FFIV) opened at 116.40 on Monday. F5 Networks has a one year low of $114.45 and a one year high of $149.50. The stock has a market cap of $7.40 billion, a P/E ratio of 19.33 and a beta of 1.14. The stock has a 50 day moving average of $118.02 and a 200 day moving average of $126.17.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The business had revenue of $517.80 million for the quarter, compared to analysts’ expectations of $525.57 million. During the same quarter last year, the company earned $1.81 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Equities analysts expect that F5 Networks will post $8.17 EPS for the current fiscal year.

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In other F5 Networks news, EVP John D. Dilullo sold 3,052 shares of the firm’s stock in a transaction dated 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 in the company, valued at $874,590.25. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Ryan C. Kearny sold 836 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $120.59, for a total transaction of $100,813.24. Following the completion of the transaction, the executive vice president now owns 2,148 shares of the company’s stock, valued at $259,027.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,312 shares of company stock valued at $2,675,607. Insiders own 0.26% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Investec Asset Management LTD boosted its holdings in shares of F5 Networks by 33.5% in the second quarter. Investec Asset Management LTD now owns 53,012 shares of the network technology company’s stock worth $6,736,000 after buying an additional 13,306 shares during the period. State of Tennessee Treasury Department boosted its holdings in shares of F5 Networks by 6.5% in the second quarter. State of Tennessee Treasury Department now owns 144,733 shares of the network technology company’s stock worth $18,390,000 after buying an additional 8,875 shares during the period. Sei Investments Co. boosted its holdings in shares of F5 Networks by 2.6% in the second quarter. Sei Investments Co. now owns 9,085 shares of the network technology company’s stock worth $1,154,000 after buying an additional 230 shares during the period. OppenheimerFunds Inc. boosted its holdings in shares of F5 Networks by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock worth $243,000 after buying an additional 98 shares during the period. Finally, Soros Fund Management LLC acquired a new position in shares of F5 Networks in the first quarter worth about $385,000. Institutional investors own 96.50% of the company’s stock.

About F5 Networks

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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