FFIV has been the topic of several other reports. Jefferies Group LLC restated a hold rating and issued a $130.00 price target on shares of F5 Networks in a research note on Friday, June 16th. Piper Jaffray Companies downgraded shares of F5 Networks from an overweight rating to a neutral rating and decreased their price target for the company from $144.00 to $136.00 in a research note on Friday, July 14th. Zacks Investment Research downgraded shares of F5 Networks from a hold rating to a sell rating in a research note on Monday, July 31st. BidaskClub downgraded shares of F5 Networks from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. Finally, Wells Fargo & Company downgraded shares of F5 Networks from an outperform rating to a market perform rating and decreased their price target for the company from $145.00 to $120.00 in a research note on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $130.81.
F5 Networks (NASDAQ:FFIV) traded down 0.96% during trading on Tuesday, hitting $116.45. 166,047 shares of the stock were exchanged. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 19.34 and a beta of 1.16. The firm has a 50-day moving average of $118.71 and a 200-day moving average of $130.02. F5 Networks has a 52 week low of $114.45 and a 52 week high of $149.50.
F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The business had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. During the same period in the prior year, the company posted $1.81 earnings per share. F5 Networks’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts anticipate that F5 Networks will post $8.17 earnings per share for the current fiscal year.
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In related news, COO Edward Julian Eames sold 4,378 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $120.63, for a total value of $528,118.14. Following the completion of the transaction, the chief operating officer now owns 35,088 shares in the company, valued at approximately $4,232,665.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Benjamin Gibson sold 3,262 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total transaction of $382,469.50. Following the completion of the transaction, the executive vice president now owns 815 shares of the company’s stock, valued at approximately $95,558.75. The disclosure for this sale can be found here. Insiders sold 22,312 shares of company stock valued at $2,675,607 in the last three months. Company insiders own 0.26% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Acrospire Investment Management LLC raised its holdings in F5 Networks by 100.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock valued at $102,000 after buying an additional 400 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in F5 Networks by 23.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock valued at $110,000 after buying an additional 161 shares during the last quarter. IFP Advisors Inc raised its holdings in F5 Networks by 65.6% in the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after buying an additional 380 shares during the last quarter. American Beacon Advisors Inc. bought a new position in F5 Networks in the 1st quarter valued at approximately $153,000. Finally, Van ECK Associates Corp raised its holdings in F5 Networks by 6.0% in the 1st 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 last quarter. Institutional investors and hedge funds own 96.45% of the company’s stock.
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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