F5 Networks’ (FFIV) Hold Rating Reaffirmed at BMO Capital Markets
A number of other brokerages also recently commented on FFIV. Oppenheimer Holdings Inc. upgraded shares of F5 Networks from a market perform rating to an outperform rating and set a $140.00 target price on the stock in a research note on Wednesday, September 14th. Zacks Investment Research raised shares of F5 Networks from a hold rating to a buy rating and set a $161.00 price target for the company in a research report on Tuesday, November 15th. Drexel Hamilton reaffirmed a buy rating and issued a $160.00 price target (up previously from $155.00) on shares of F5 Networks in a research report on Friday, October 28th. Jefferies Group increased their target price on shares of F5 Networks from $110.00 to $120.00 and gave the company a hold rating in a research report on Thursday, October 27th. Finally, Nomura reissued a reduce rating and set a $90.00 target price on shares of F5 Networks in a research report on Friday, October 21st. One analyst has rated the stock with a sell rating, nineteen have issued a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $121.32.
F5 Networks (NASDAQ:FFIV) traded up 0.30% during trading on Friday, reaching $142.43. The company’s stock had a trading volume of 131,416 shares. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 26.47 and a beta of 1.38. F5 Networks has a 12 month low of $86.03 and a 12 month high of $144.28. The stock’s 50 day moving average is $129.10 and its 200 day moving average is $120.23.
F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, October 26th. The network technology company reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.17. The firm had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $520.45 million. F5 Networks had a net margin of 18.34% and a return on equity of 31.79%. The business’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.84 EPS. On average, equities analysts expect that F5 Networks will post $8.30 EPS for the current fiscal year.
In related news, EVP John D. Dilullo sold 5,777 shares of F5 Networks stock in a transaction dated Thursday, November 3rd. The stock was sold at an average price of $135.31, for a total transaction of $781,685.87. Following the transaction, the executive vice president now directly owns 10,594 shares of the company’s stock, valued at $1,433,474.14. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Alan Higginson sold 3,000 shares of F5 Networks stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $137.49, for a total value of $412,470.00. Following the transaction, the director now directly owns 13,310 shares in the company, valued at $1,829,991.90. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FFIV. New York Life Trust Co. raised its position in 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 worth $101,000 after buying an additional 370 shares during the last quarter. Global X Management Co. LLC raised its position 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 during the last quarter. IFP Advisors Inc raised its position 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 during the last quarter. Acrospire Investment Management LLC raised its position 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 during the last quarter. Finally, Orinda Asset Management LLC purchased a new position in F5 Networks during the third quarter worth about $130,000. 93.89% of the stock is currently owned by hedge funds and other institutional investors.
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.
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