F5 Networks Inc. (NASDAQ:FFIV) has received a consensus rating of “Hold” from the forty-one brokerages that are covering the company. Two investment analysts have rated the stock with a sell recommendation, twenty-two have given a hold recommendation, sixteen have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $115.49.

FFIV has been the subject of a number of analyst reports. Bank of America Corp. reiterated a “hold” rating on shares of F5 Networks in a research report on Wednesday, June 22nd. Wells Fargo & Co. initiated coverage on shares of F5 Networks in a research report on Monday, June 27th. They issued a “buy” rating for the company. Jefferies Group reiterated a “hold” rating on shares of F5 Networks in a research report on Tuesday, July 5th. Credit Suisse Group AG lifted their price target on shares of F5 Networks from $110.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, July 13th. Finally, Nomura downgraded shares of F5 Networks to a “sell” rating and set a $90.00 price target for the company. in a research report on Tuesday, July 19th.

In other news, COO Edward Julian Eames sold 6,489 shares of the stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $123.99, for a total transaction of $804,571.11. Following the completion of the transaction, the chief operating officer now directly owns 27,815 shares of the company’s stock, valued at approximately $3,448,781.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider John Mcadam sold 7,169 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $126.11, for a total transaction of $904,082.59. Following the transaction, the insider now directly owns 33,682 shares of the company’s stock, valued at $4,247,637.02. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc increased its position in F5 Networks by 23.1% in the first quarter. IFP Advisors Inc now owns 948 shares of the network technology company’s stock worth $100,000 after buying an additional 178 shares in the last quarter. JFS Wealth Advisors LLC bought a new position in F5 Networks during the second quarter worth $137,000. Macquarie Group Ltd. increased its position in F5 Networks by 8.4% in the second quarter. Macquarie Group Ltd. now owns 1,301 shares of the network technology company’s stock worth $148,000 after buying an additional 101 shares in the last quarter. Invictus RG increased its position in F5 Networks by 620.0% in the first quarter. Invictus RG now owns 1,440 shares of the network technology company’s stock worth $152,000 after buying an additional 1,240 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in F5 Networks by 7.5% in the second quarter. Pacer Advisors Inc. now owns 1,341 shares of the network technology company’s stock worth $153,000 after buying an additional 93 shares in the last quarter. 94.78% of the stock is owned by hedge funds and other institutional investors.

F5 Networks (NASDAQ:FFIV) opened at 124.14 on Friday. The firm’s 50-day moving average price is $122.16 and its 200 day moving average price is $114.32. F5 Networks has a 12-month low of $86.03 and a 12-month high of $127.13. The firm has a market cap of $8.22 billion, a P/E ratio of 24.27 and a beta of 1.96.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 20th. The network technology company reported $1.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.02. The firm earned $496.50 million during the quarter, compared to the consensus estimate of $495.48 million. F5 Networks had a net margin of 17.96% and a return on equity of 29.95%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $1.67 earnings per share. Analysts forecast that F5 Networks will post $7.14 earnings per share for the current fiscal year.

F5 Networks Company Profile

F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.

5 Day Chart for NASDAQ:FFIV

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