F5 Networks, Inc. (NASDAQ:FFIV)‘s stock had its “hold” rating reiterated by Royal Bank Of Canada in a research note issued to investors on Tuesday. They presently have a $129.00 price objective on the network technology company’s stock. Royal Bank Of Canada’s price objective suggests a potential upside of 11.22% from the company’s previous close.
Several other research analysts have also issued reports on FFIV. Jefferies Group LLC reissued a “hold” rating and issued a $130.00 target price on shares of F5 Networks in a research report on Friday, June 16th. Piper Jaffray Companies lowered F5 Networks from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $144.00 to $136.00 in a research report on Friday, July 14th. Drexel Hamilton reissued a “buy” rating and issued a $160.00 target price on shares of F5 Networks in a research report on Friday, July 21st. BidaskClub lowered F5 Networks from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Robert W. Baird reissued a “hold” rating on shares of F5 Networks in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $128.94.
Shares of F5 Networks (NASDAQ:FFIV) traded up 0.18% during midday trading on Tuesday, reaching $116.20. The company’s stock had a trading volume of 139,236 shares. The stock has a 50-day moving average price of $117.99 and a 200-day moving average price of $126.09. F5 Networks has a 52-week low of $114.45 and a 52-week high of $149.50. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 19.30 and a beta of 1.14.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. During the same quarter in the prior year, the company earned $1.81 EPS. The business’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 other F5 Networks news, EVP Benjamin Gibson sold 3,262 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total transaction of $382,469.50. Following the sale, the executive vice president now directly owns 815 shares in the company, valued at approximately $95,558.75. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 2,029 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total value of $242,688.69. Following the sale, the chief executive officer now owns 2,636 shares in the company, valued at $315,291.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,312 shares of company stock worth $2,675,607. Company insiders own 0.26% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC boosted its stake in F5 Networks by 100.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock valued at $102,000 after purchasing an additional 400 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in F5 Networks by 23.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock valued at $110,000 after purchasing an additional 161 shares during the last quarter. IFP Advisors Inc boosted its stake in F5 Networks by 65.6% during the 2nd quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock valued at $122,000 after purchasing an additional 380 shares during the last quarter. American Beacon Advisors Inc. purchased a new stake in F5 Networks during the 1st quarter valued at $153,000. Finally, Van ECK Associates Corp boosted its stake in F5 Networks by 6.0% during the 1st quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after purchasing an additional 65 shares during the last quarter. Institutional investors and hedge funds own 96.50% of the company’s stock.
F5 Networks Company Profile
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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