F5 Networks, Inc. (NASDAQ:FFIV) shares hit a new 52-week high and low during mid-day trading on Thursday . The company traded as low as $181.70 and last traded at $181.16, with a volume of 5784 shares changing hands. The stock had previously closed at $180.58.
A number of analysts have recently commented on FFIV shares. BidaskClub upgraded F5 Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 17th. William Blair upgraded F5 Networks from a “market perform” rating to an “outperform” rating in a research report on Friday, April 13th. Credit Suisse Group started coverage on F5 Networks in a research report on Wednesday, May 9th. They issued an “outperform” rating and a $188.00 price objective for the company. ValuEngine upgraded F5 Networks from a “hold” rating to a “buy” rating in a research report on Friday, April 13th. Finally, Barclays boosted their price objective on F5 Networks from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and nine have issued a buy rating to the company’s stock. F5 Networks currently has a consensus rating of “Hold” and an average price target of $150.30.
The stock has a market capitalization of $10.81 billion, a P/E ratio of 28.11, a P/E/G ratio of 2.56 and a beta of 1.07.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, April 25th. The network technology company reported $2.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.04. F5 Networks had a return on equity of 37.01% and a net margin of 20.43%. The firm had revenue of $533.30 million during the quarter, compared to analysts’ expectations of $529.95 million. During the same period in the previous year, the business earned $1.95 earnings per share. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. analysts anticipate that F5 Networks, Inc. will post 7.46 earnings per share for the current fiscal year.
In related news, CEO Francois Locoh-Donou sold 8,439 shares of the business’s stock in a transaction that occurred on Wednesday, May 2nd. The stock was sold at an average price of $162.59, for a total transaction of $1,372,097.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan Higginson sold 1,740 shares of the business’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $168.47, for a total value of $293,137.80. Following the sale, the director now owns 11,310 shares of the company’s stock, valued at $1,905,395.70. The disclosure for this sale can be found here. Insiders have sold 61,367 shares of company stock valued at $10,520,380 over the last quarter. 0.30% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in F5 Networks by 7.5% in the 4th quarter. BlackRock Inc. now owns 4,543,458 shares of the network technology company’s stock valued at $596,195,000 after buying an additional 317,414 shares in the last quarter. Swiss National Bank grew its holdings in F5 Networks by 13.2% in the 4th quarter. Swiss National Bank now owns 269,864 shares of the network technology company’s stock valued at $35,412,000 after buying an additional 31,400 shares in the last quarter. Sawgrass Asset Management LLC grew its holdings in F5 Networks by 57.0% in the 4th quarter. Sawgrass Asset Management LLC now owns 294,200 shares of the network technology company’s stock valued at $38,605,000 after buying an additional 106,780 shares in the last quarter. MetLife Investment Advisors LLC purchased a new stake in F5 Networks in the 4th quarter valued at $2,541,000. Finally, Ontario Teachers Pension Plan Board grew its holdings in F5 Networks by 22.0% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 16,692 shares of the network technology company’s stock valued at $2,190,000 after buying an additional 3,006 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.
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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