F5 Networks, Inc. (NASDAQ:FFIV)‘s stock had its “outperform” rating reissued by equities research analysts at BMO Capital Markets in a report issued on Thursday. They currently have a $124.00 price target on the network technology company’s stock, down from their prior price target of $132.00. BMO Capital Markets’ price objective suggests a potential upside of 4.18% from the stock’s current price.
A number of other research firms have also recently commented on FFIV. Deutsche Bank AG cut shares of F5 Networks from a “hold” rating to a “sell” rating and dropped their price target for the stock from $120.00 to $100.00 in a research note on Wednesday, March 29th. Needham & Company LLC reaffirmed a “hold” rating on shares of F5 Networks in a research note on Thursday, March 30th. Robert W. Baird reaffirmed a “hold” rating on shares of F5 Networks in a research note on Thursday, April 27th. Royal Bank Of Canada dropped their price target on shares of F5 Networks from $137.00 to $132.00 and set a “sector perform” rating for the company in a research note on Thursday, April 27th. Finally, Oppenheimer Holdings, Inc. set a $157.00 price target on shares of F5 Networks and gave the stock a “buy” rating in a research note on Saturday, April 8th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and five have assigned a buy rating to the company. F5 Networks presently has a consensus rating of “Hold” and a consensus target price of $132.00.
F5 Networks (FFIV) traded down 7.16% during trading on Thursday, hitting $119.02. 3,845,933 shares of the company’s stock traded hands. F5 Networks has a 12 month low of $114.45 and a 12 month high of $149.50. The company’s 50 day moving average is $128.04 and its 200-day moving average is $135.29. The stock has a market cap of $7.70 billion, a P/E ratio of 20.31 and a beta of 1.17.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, hitting analysts’ consensus estimates of $2.03. F5 Networks had a net margin of 18.88% and a return on equity of 33.53%. The business had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $525.57 million. During the same period last year, the company posted $1.81 EPS. The business’s revenue was up 4.3% on a year-over-year basis. On average, analysts predict that F5 Networks will post $8.20 earnings per share for the current year.
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In related news, EVP John D. Dilullo sold 3,420 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $127.62, for a total value of $436,460.40. Following the sale, the executive vice president now owns 4,926 shares of the company’s stock, valued at $628,656.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Andrew Reinland sold 6,235 shares of the firm’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $127.40, for a total transaction of $794,339.00. Following the completion of the sale, the chief financial officer now directly owns 18,602 shares in the company, valued at approximately $2,369,894.80. The disclosure for this sale can be found here. In the last three months, insiders sold 25,146 shares of company stock valued at $3,234,190. Insiders own 0.26% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. American Beacon Advisors Inc. purchased a new stake in shares of F5 Networks during the first quarter valued at $153,000. Van ECK Associates Corp boosted its stake in shares of F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after buying an additional 65 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of F5 Networks by 5.1% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,376 shares of the network technology company’s stock valued at $196,000 after buying an additional 67 shares during the period. First Bank & Trust boosted its stake in shares of F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock valued at $232,000 after buying an additional 5 shares during the period. Finally, Contravisory Investment Management Inc. boosted its stake in shares of F5 Networks by 0.8% in the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock valued at $235,000 after buying an additional 14 shares during the period. 94.88% of the stock is currently owned by hedge funds and other institutional investors.
About F5 Networks
F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.
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