F5 Networks (NASDAQ:FFIV) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

A number of other research firms have also issued reports on FFIV. ValuEngine raised F5 Networks from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research raised F5 Networks from a “hold” rating to a “buy” rating and set a $164.00 target price on the stock in a research note on Tuesday, March 13th. William Blair raised F5 Networks from a “market perform” rating to an “outperform” rating in a research note on Friday. Morgan Stanley upped their target price on F5 Networks from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $167.00 target price on shares of F5 Networks in a research note on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $140.55.

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FFIV stock opened at $155.25 on Tuesday. F5 Networks has a 1 year low of $114.63 and a 1 year high of $157.20. The company 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 posted its earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.05 by $0.21. F5 Networks had a return on equity of 35.98% and a net margin of 19.79%. The firm had revenue of $523.20 million for the quarter, compared to analyst estimates of $521.07 million. During the same quarter in the prior year, the company earned $1.98 EPS. F5 Networks’s revenue was up 1.4% on a year-over-year basis. equities analysts forecast that F5 Networks will post 7.32 earnings per share for the current year.

In related news, EVP John D. Dilullo sold 3,801 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $142.69, for a total value of $542,364.69. Following the transaction, the executive vice president now directly owns 7,522 shares of the company’s stock, valued at approximately $1,073,314.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Francois Locoh-Donou sold 1,675 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $142.85, for a total value of $239,273.75. Following the completion of the transaction, the chief executive officer now directly owns 3,984 shares in the company, valued at $569,114.40. The disclosure for this sale can be found here. Insiders sold a total of 50,172 shares of company stock worth $7,274,542 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of FFIV. LSV Asset Management increased its holdings in F5 Networks by 150.0% in the 4th quarter. LSV Asset Management now owns 743,626 shares of the network technology company’s stock valued at $97,578,000 after purchasing an additional 446,142 shares in the last quarter. APG Asset Management N.V. increased its holdings in F5 Networks by 37.9% in the 4th quarter. APG Asset Management N.V. now owns 1,539,343 shares of the network technology company’s stock valued at $168,215,000 after purchasing an additional 422,994 shares in the last quarter. BlackRock Inc. increased its holdings in F5 Networks by 7.5% in the 4th quarter. BlackRock Inc. now owns 4,543,458 shares of the network technology company’s stock valued at $596,195,000 after purchasing an additional 317,414 shares in the last quarter. Two Sigma Advisers LP increased its holdings in F5 Networks by 19.9% in the 4th quarter. Two Sigma Advisers LP now owns 874,980 shares of the network technology company’s stock valued at $114,815,000 after purchasing an additional 145,300 shares in the last quarter. Finally, Sawgrass Asset Management LLC increased its holdings in F5 Networks by 57.0% in the 4th quarter. Sawgrass Asset Management LLC now owns 294,200 shares of the network technology company’s stock valued at $38,605,000 after purchasing an additional 106,780 shares in the last quarter. 94.30% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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