F5 Networks, Inc. (NASDAQ:FFIV) Rating Reiterated by BMO Capital Markets

BMO Capital Markets restated their outperform rating on shares of F5 Networks, Inc. (NASDAQ:FFIV) in a research note published on Thursday, July 27th. The brokerage currently has a $124.00 price objective on the network technology company’s stock, down from their prior price objective of $132.00.

FFIV has been the subject of a number of other research reports. Jefferies Group LLC reissued a hold rating and issued a $130.00 price target on shares of F5 Networks in a report on Friday, June 16th. Drexel Hamilton reissued a buy rating and issued a $165.00 price target on shares of F5 Networks in a report on Monday, April 24th. Piper Jaffray Companies lowered shares of F5 Networks from an overweight rating to a neutral rating and lowered their price target for the company from $144.00 to $136.00 in a report on Friday, July 14th. Needham & Company LLC reissued a hold rating on shares of F5 Networks in a report on Thursday, March 30th. Finally, Oppenheimer Holdings, Inc. set a $157.00 price target on shares of F5 Networks and gave the company a buy rating in a report on Saturday, April 8th. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $132.00.

Shares of F5 Networks (NASDAQ FFIV) traded up 0.01% during trading on Thursday, reaching $118.63. The company’s stock had a trading volume of 737,674 shares. The company has a market capitalization of $7.54 billion, a P/E ratio of 19.70 and a beta of 1.16. The company’s 50-day moving average is $126.44 and its 200-day moving average is $134.35. F5 Networks has a 12 month low of $114.45 and a 12 month high of $149.50.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.03. The business had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. F5 Networks’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.81 earnings per share. On average, analysts forecast that F5 Networks will post $8.17 EPS for the current fiscal year.

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In related news, CFO Andrew Reinland sold 6,215 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $120.27, for a total value of $747,478.05. Following the sale, the chief financial officer now directly owns 20,601 shares of the company’s stock, valued at approximately $2,477,682.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 2,029 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total transaction of $242,688.69. Following the completion of the sale, the chief executive officer now directly owns 2,636 shares in the company, valued at $315,291.96. The disclosure for this sale can be found here. Insiders sold a total of 19,050 shares of company stock worth $2,293,138 over the last ninety days. 0.26% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of FFIV. BlackRock Inc. boosted its stake in shares of F5 Networks by 2,108.1% in the first quarter. BlackRock Inc. now owns 4,404,873 shares of the network technology company’s stock valued at $628,003,000 after buying an additional 4,205,384 shares during the period. Morgan Stanley boosted its stake in shares of F5 Networks by 171.1% in the first quarter. Morgan Stanley now owns 829,117 shares of the network technology company’s stock valued at $118,207,000 after buying an additional 523,250 shares during the period. Bank of Montreal Can boosted its stake in shares of F5 Networks by 36.8% in the first quarter. Bank of Montreal Can now owns 1,745,173 shares of the network technology company’s stock valued at $248,809,000 after buying an additional 469,449 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of F5 Networks by 3,947.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 366,821 shares of the network technology company’s stock valued at $52,298,000 after buying an additional 357,758 shares during the period. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in shares of F5 Networks by 30.3% in the first quarter. Old Mutual Global Investors UK Ltd. now owns 933,496 shares of the network technology company’s stock valued at $133,088,000 after buying an additional 216,959 shares during the period. 96.92% 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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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