F5 Networks Inc. (FFIV) Receives $120.71 Consensus PT from Analysts
F5 Networks Inc. (NASDAQ:FFIV) has been given a consensus recommendation of “Buy” by the thirty-eight ratings firms that are covering the company. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $120.71.
Several research analysts have recently weighed in on FFIV shares. Oppenheimer Holdings Inc. upgraded shares of F5 Networks from a “market perform” rating to an “outperform” rating and set a $140.00 target price for the company in a research note on Wednesday, September 14th. Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “strong-buy” rating and set a $159.00 price objective on the stock in a research note on Monday, October 31st. Drexel Hamilton reiterated a “buy” rating and set a $160.00 price objective (up from $155.00) on shares of F5 Networks in a research note on Friday, October 28th. Jefferies Group increased their price objective on shares of F5 Networks from $110.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, October 27th. Finally, Royal Bank Of Canada increased their price objective on shares of F5 Networks from $110.00 to $115.00 and gave the company a “sector perform” rating in a research note on Wednesday, July 20th.
In other news, EVP Scot Frazier Rogers sold 1,660 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $136.98, for a total value of $227,386.80. Following the sale, the executive vice president now owns 7,350 shares in the company, valued at $1,006,803. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alan Higginson sold 3,000 shares of the firm’s stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $137.49, for a total transaction of $412,470.00. Following the completion of the sale, the director now owns 13,310 shares in the company, valued at approximately $1,829,991.90. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the company. New York Life Trust Co. increased its stake in shares of F5 Networks by 83.3% in the third quarter. New York Life Trust Co. now owns 814 shares of the network technology company’s stock valued at $101,000 after buying an additional 370 shares during the last quarter. Global X Management Co. LLC increased its stake in F5 Networks by 79.3% in the third quarter. Global X Management Co. LLC now owns 968 shares of the network technology company’s stock worth $121,000 after buying an additional 428 shares in the last quarter. IFP Advisors Inc increased its stake in F5 Networks by 13.7% in the second quarter. IFP Advisors Inc now owns 1,078 shares of the network technology company’s stock worth $123,000 after buying an additional 130 shares in the last quarter. Acrospire Investment Management LLC increased its stake in F5 Networks by 42.9% in the third quarter. Acrospire Investment Management LLC now owns 1,000 shares of the network technology company’s stock worth $125,000 after buying an additional 300 shares in the last quarter. Finally, Orinda Asset Management LLC acquired a new stake in F5 Networks during the third quarter worth $130,000. Institutional investors and hedge funds own 95.21% of the company’s stock.
F5 Networks (NASDAQ:FFIV) opened at 141.15 on Friday. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of 26.24 and a beta of 1.38. F5 Networks has a 1-year low of $86.03 and a 1-year high of $141.83. The firm has a 50-day moving average of $126.22 and a 200-day moving average of $118.89.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, October 26th. The network technology company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.17. The business earned $525.30 million during the quarter, compared to the consensus estimate of $520.45 million. F5 Networks had a net margin of 18.34% and a return on equity of 31.79%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, analysts expect that F5 Networks will post $8.30 earnings per share for the current year.
About F5 Networks
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.
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