F5 Networks (NASDAQ:FFIV) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research upgraded F5 Networks from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a report on Wednesday, January 10th. Bank of America upgraded F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 price objective for the company in a report on Friday, January 5th. DA Davidson set a $155.00 price objective on F5 Networks and gave the company a “buy” rating in a report on Wednesday, January 17th. Cowen reiterated a “buy” rating and issued a $162.00 price objective on shares of F5 Networks in a report on Thursday, January 25th. Finally, Morgan Stanley increased their price target on F5 Networks from $120.00 to $130.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company’s stock. F5 Networks currently has a consensus rating of “Hold” and an average price target of $140.55.

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Shares of F5 Networks (FFIV) opened at $147.92 on Tuesday. The company has a market capitalization of $9,150.00, a PE ratio of 21.78, a P/E/G ratio of 2.21 and a beta of 1.01. F5 Networks has a fifty-two week low of $114.63 and a fifty-two week high of $153.91.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, January 24th. The network technology company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.05 by $0.21. The business had revenue of $523.20 million during the quarter, compared to the consensus estimate of $521.07 million. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.98 earnings per share. equities analysts expect that F5 Networks will post 7.32 earnings per share for the current fiscal year.

In related news, CFO Andrew Reinland sold 1,995 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $144.83, for a total transaction of $288,935.85. Following the completion of the transaction, the chief financial officer now directly owns 18,930 shares in the company, valued at $2,741,631.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alan Higginson sold 2,000 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $144.51, for a total value of $289,020.00. Following the transaction, the director now owns 11,310 shares of the company’s stock, valued at $1,634,408.10. The disclosure for this sale can be found here. Insiders sold 50,172 shares of company stock valued at $7,274,542 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. grew its holdings in shares of F5 Networks by 7.5% during the fourth quarter. BlackRock Inc. now owns 4,543,458 shares of the network technology company’s stock worth $596,195,000 after buying an additional 317,414 shares in the last quarter. APG Asset Management N.V. grew its holdings in shares of F5 Networks by 37.9% during the fourth quarter. APG Asset Management N.V. now owns 1,539,343 shares of the network technology company’s stock worth $168,215,000 after buying an additional 422,994 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of F5 Networks by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 1,410,973 shares of the network technology company’s stock worth $170,107,000 after buying an additional 26,260 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of F5 Networks by 26.0% during the third quarter. Ameriprise Financial Inc. now owns 1,262,621 shares of the network technology company’s stock worth $152,223,000 after buying an additional 260,316 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of F5 Networks by 2.1% during the fourth quarter. Geode Capital Management LLC now owns 887,605 shares of the network technology company’s stock worth $116,289,000 after buying an additional 18,390 shares in the last quarter. Institutional investors and hedge funds own 94.34% of the company’s stock.

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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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