F5 Networks, Inc. (NASDAQ:FFIV) has been assigned a consensus recommendation of “Hold” from the twenty-three analysts that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and nine have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $175.31.

FFIV has been the topic of several research analyst reports. BidaskClub lowered shares of F5 Networks from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 2nd. BMO Capital Markets lifted their price objective on shares of F5 Networks from $188.00 to $195.00 and gave the company an “outperform” rating in a research note on Thursday, October 25th. Zacks Investment Research restated a “buy” rating and issued a $189.00 price objective on shares of F5 Networks in a research note on Tuesday, November 13th. Piper Jaffray Companies lowered shares of F5 Networks from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $168.00 to $180.00 in a research note on Monday, October 1st. Finally, MKM Partners lifted their price objective on shares of F5 Networks to $190.00 and gave the company a “neutral” rating in a research note on Friday, October 26th.

NASDAQ:FFIV traded down $1.43 during midday trading on Thursday, hitting $177.77. 434,509 shares of the company were exchanged, compared to its average volume of 837,491. F5 Networks has a fifty-two week low of $121.19 and a fifty-two week high of $199.71. The firm has a market capitalization of $10.81 billion, a P/E ratio of 22.22, a P/E/G ratio of 2.11 and a beta of 0.95.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, October 24th. The network technology company reported $2.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $0.27. F5 Networks had a net margin of 20.99% and a return on equity of 40.04%. The firm had revenue of $562.71 million for the quarter, compared to analyst estimates of $560.72 million. Research analysts anticipate that F5 Networks will post 8.48 EPS for the current fiscal year.

In other news, Director Michael L. Dreyer sold 5,679 shares of F5 Networks stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $183.03, for a total value of $1,039,427.37. Following the sale, the director now owns 5,679 shares of the company’s stock, valued at $1,039,427.37. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ryan C. Kearny sold 8,226 shares of F5 Networks stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $177.90, for a total transaction of $1,463,405.40. Following the completion of the sale, the senior vice president now directly owns 14,139 shares in the company, valued at approximately $2,515,328.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,694 shares of company stock worth $7,986,951. 0.26% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its holdings in shares of F5 Networks by 6.8% in the third quarter. TIAA CREF Investment Management LLC now owns 528,049 shares of the network technology company’s stock valued at $105,304,000 after acquiring an additional 33,538 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of F5 Networks in the third quarter valued at about $582,000. Koshinski Asset Management Inc. purchased a new stake in shares of F5 Networks in the third quarter valued at about $307,000. Captrust Financial Advisors purchased a new stake in shares of F5 Networks in the third quarter valued at about $297,000. Finally, Glenmede Trust Co. NA boosted its holdings in shares of F5 Networks by 11.0% in the third quarter. Glenmede Trust Co. NA now owns 513,213 shares of the network technology company’s stock valued at $102,343,000 after acquiring an additional 50,704 shares in the last quarter. 98.58% of the stock is currently owned by institutional investors and hedge funds.

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.

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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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