F5 Networks, Inc. (NASDAQ:FFIV) was the target of a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 3,335,700 shares, an increase of 14.7% from the May 30th total of 2,909,400 shares. Based on an average trading volume of 668,700 shares, the days-to-cover ratio is currently 5.0 days. Approximately 5.6% of the company’s stock are sold short.

Shares of NASDAQ:FFIV traded up $2.80 during trading on Friday, reaching $145.56. 482,143 shares of the stock were exchanged, compared to its average volume of 734,359. F5 Networks has a 12 month low of $131.53 and a 12 month high of $199.71. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.98 and a beta of 1.04. The company’s 50-day moving average is $141.01.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.01. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. The company had revenue of $544.90 million during the quarter, compared to analysts’ expectations of $547.03 million. During the same quarter in the previous year, the company posted $2.31 earnings per share. The business’s revenue was up 2.2% on a year-over-year basis. As a group, equities research analysts forecast that F5 Networks will post 8.59 EPS for the current year.

In related news, EVP Thomas Dean Fountain sold 188 shares of F5 Networks stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $143.61, for a total value of $26,998.68. Following the sale, the executive vice president now owns 1,729 shares of the company’s stock, valued at $248,301.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ryan C. Kearny sold 3,825 shares of F5 Networks stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $153.99, for a total value of $589,011.75. Following the completion of the sale, the senior vice president now directly owns 10,978 shares in the company, valued at approximately $1,690,502.22. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,168 shares of company stock worth $1,546,472. 0.22% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the company. Swedbank boosted its holdings in shares of F5 Networks by 11.8% during the first quarter. Swedbank now owns 892,194 shares of the network technology company’s stock worth $140,012,000 after acquiring an additional 93,984 shares during the period. Toronto Dominion Bank boosted its stake in shares of F5 Networks by 15.8% in the first quarter. Toronto Dominion Bank now owns 38,847 shares of the network technology company’s stock valued at $6,095,000 after buying an additional 5,314 shares during the period. Synovus Financial Corp boosted its stake in shares of F5 Networks by 12.9% in the first quarter. Synovus Financial Corp now owns 2,024 shares of the network technology company’s stock valued at $314,000 after buying an additional 231 shares during the period. Zions Bancorporation N.A. bought a new stake in shares of F5 Networks in the first quarter valued at approximately $166,000. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in shares of F5 Networks by 6.1% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,311,316 shares of the network technology company’s stock valued at $205,784,000 after buying an additional 75,676 shares during the period. Institutional investors own 97.07% of the company’s stock.

A number of equities analysts recently commented on FFIV shares. Zacks Investment Research cut Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Goldman Sachs Group reiterated a “hold” rating and set a $8.40 price target on shares of Deutsche Bank in a report on Monday, July 8th. Piper Jaffray Companies upgraded F5 Networks from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $157.00 to $163.00 in a report on Friday, March 29th. BidaskClub upgraded Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a report on Thursday, June 20th. Finally, ValuEngine cut Xylem from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $167.68.

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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