F5 Networks (NASDAQ:FFIV) had its price target increased by Credit Suisse Group from $216.00 to $218.00 in a report released on Thursday. They currently have an outperform rating on the network technology company’s stock.

FFIV has been the topic of several other reports. Zacks Investment Research raised F5 Networks from a hold rating to a buy rating and set a $198.00 price objective on the stock in a research note on Wednesday, July 18th. JPMorgan Chase & Co. set a $211.00 price objective on F5 Networks and gave the stock a buy rating in a research note on Thursday, July 5th. Morgan Stanley cut F5 Networks from an equal weight rating to an underweight rating and set a $130.00 target price on the stock. in a research note on Thursday, July 19th. Piper Jaffray Companies cut F5 Networks from a neutral rating to an underweight rating and upped their target price for the company from $168.00 to $180.00 in a research note on Monday, October 1st. Finally, BidaskClub cut F5 Networks from a strong-buy rating to a buy rating in a research note on Thursday, October 4th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company’s stock. F5 Networks presently has an average rating of Hold and an average target price of $174.94.

Shares of NASDAQ FFIV opened at $170.38 on Thursday. F5 Networks has a 1-year low of $119.35 and a 1-year high of $199.71. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 2.24 and a beta of 0.77.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, October 24th. The network technology company reported $2.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.27. F5 Networks had a return on equity of 40.04% and a net margin of 20.99%. The company had revenue of $562.71 million for the quarter, compared to analysts’ expectations of $560.72 million. On average, equities analysts predict that F5 Networks will post 8.27 EPS for the current fiscal year.

In other news, Director Michael L. Dreyer sold 5,679 shares of the company’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $183.03, for a total transaction of $1,039,427.37. Following the transaction, the director now owns 5,679 shares of the company’s stock, valued at $1,039,427.37. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Francois Locoh-Donou sold 2,407 shares of the company’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $171.69, for a total value of $413,257.83. Following the transaction, the chief executive officer now directly owns 12,673 shares in the company, valued at approximately $2,175,827.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,787 shares of company stock worth $2,592,646. Insiders own 0.26% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley boosted its holdings in shares of F5 Networks by 100.2% in the second quarter. Morgan Stanley now owns 449,061 shares of the network technology company’s stock valued at $77,440,000 after purchasing an additional 224,792 shares during the period. LSV Asset Management boosted its holdings in shares of F5 Networks by 4.4% in the second quarter. LSV Asset Management now owns 854,194 shares of the network technology company’s stock valued at $147,305,000 after purchasing an additional 36,068 shares during the period. Private Advisor Group LLC purchased a new stake in shares of F5 Networks in the second quarter valued at approximately $211,000. California Public Employees Retirement System boosted its holdings in shares of F5 Networks by 33.5% in the second quarter. California Public Employees Retirement System now owns 235,282 shares of the network technology company’s stock valued at $40,574,000 after purchasing an additional 58,992 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of F5 Networks by 6.6% in the second quarter. CIBC Asset Management Inc now owns 8,383 shares of the network technology company’s stock valued at $1,446,000 after purchasing an additional 518 shares during the period. Hedge funds and other institutional investors own 96.24% of the company’s stock.

About F5 Networks

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.

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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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