ValuEngine upgraded shares of F5 Networks (NASDAQ:FFIV) from a hold rating to a buy rating in a report issued on Friday.

A number of other equities research analysts have also recently weighed in on FFIV. BMO Capital Markets raised shares of F5 Networks from a market perform rating to an outperform rating and set a $122.00 price target for the company in a research report on Thursday, January 4th. Bank of America raised shares of F5 Networks from a neutral rating to a buy rating and set a $157.00 price target for the company in a research report on Friday, January 5th. Deutsche Bank restated a sell rating on shares of F5 Networks in a research note on Friday, January 5th. Piper Jaffray restated a neutral rating and issued a $146.00 price objective on shares of F5 Networks in a research note on Wednesday, January 10th. Finally, Zacks Investment Research upgraded shares of F5 Networks from a hold rating to a buy rating and set a $154.00 price objective on the stock in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $140.55.

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Shares of FFIV opened at $155.25 on Friday. F5 Networks has a 1-year low of $114.63 and a 1-year high of $157.20. The firm has a market capitalization of $9,589.60, a P/E ratio of 24.03, a P/E/G ratio of 2.33 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $521.07 million. During the same period in the previous year, the company earned $1.98 earnings per share. F5 Networks’s quarterly revenue was up 1.4% compared to the same quarter last year. equities analysts predict that F5 Networks will post 7.32 EPS for the current year.

In other news, EVP Scot Frazier Rogers sold 2,738 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $144.83, for a total transaction of $396,544.54. Following the transaction, the executive vice president now directly owns 9,072 shares in the company, valued at $1,313,897.76. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Andrew Reinland sold 1,995 shares of the business’s 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 transaction, the chief financial officer now owns 18,930 shares in the company, valued at $2,741,631.90. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 50,172 shares of company stock worth $7,274,542. Company insiders own 0.30% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. California Public Employees Retirement System grew its position in F5 Networks by 3.4% during the third quarter. California Public Employees Retirement System now owns 168,309 shares of the network technology company’s stock worth $20,291,000 after buying an additional 5,509 shares during the period. BlackRock Inc. grew its position in 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 during the period. Reinhart Partners Inc. grew its position in F5 Networks by 31.0% during the fourth quarter. Reinhart Partners Inc. now owns 189,758 shares of the network technology company’s stock worth $24,900,000 after buying an additional 44,853 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its position in F5 Networks by 89.1% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,349 shares of the network technology company’s stock worth $405,000 after buying an additional 1,578 shares during the period. Finally, Swiss National Bank grew its position in F5 Networks by 13.2% during the fourth quarter. Swiss National Bank now owns 269,864 shares of the network technology company’s stock worth $35,412,000 after buying an additional 31,400 shares during the period. Institutional investors own 94.30% of the company’s stock.

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F5 Networks Company Profile

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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