Zacks Investment Research downgraded shares of F5 Networks Inc. (NASDAQ:FFIV) from a buy rating to a hold rating in a report published on Monday.

According to Zacks, “F5 Networks Inc. is a leading provider of integrated Internet traffic and content management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The company’s products monitor and manage local and geographically dispersed servers and intelligently direct traffic to the server best able to handle a user’s request. The products are designed to help prevent system failure and provide timely responses to user requests and data flow. “

Other equities research analysts also recently issued research reports about the company. Jefferies Group upped their price objective on F5 Networks from $110.00 to $120.00 and gave the company a hold rating in a report on Thursday, October 27th. Piper Jaffray Cos. upgraded F5 Networks from a neutral rating to an overweight rating and upped their price objective for the company from $125.00 to $141.00 in a report on Thursday, October 27th. BMO Capital Markets reiterated a hold rating on shares of F5 Networks in a report on Friday. DA Davidson upped their price objective on F5 Networks from $125.34 to $145.00 and gave the company a buy rating in a report on Friday, August 12th. Finally, Nomura upgraded F5 Networks from a reduce rating to a neutral rating and upped their price objective for the company from $115.00 to $130.00 in a report on Wednesday, November 9th. One analyst has rated the stock with a sell rating, twenty have assigned a hold rating and sixteen have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $121.32.

Shares of F5 Networks (NASDAQ:FFIV) opened at 143.77 on Monday. The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 26.72 and a beta of 1.38. The stock’s 50 day moving average price is $129.63 and its 200 day moving average price is $120.82. F5 Networks has a one year low of $86.03 and a one year high of $144.28.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, October 26th. The network technology company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.17. The company earned $525.30 million during the quarter, compared to the consensus estimate of $520.45 million. F5 Networks had a return on equity of 31.79% and a net margin of 18.34%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 earnings per share. Analysts expect that F5 Networks will post $8.30 EPS for the current fiscal year.

In other F5 Networks news, CFO Andrew Reinland sold 2,932 shares of F5 Networks stock in a transaction dated Wednesday, November 2nd. The stock was sold at an average price of $135.86, for a total transaction of $398,341.52. Following the transaction, the chief financial officer now directly owns 17,964 shares of the company’s stock, valued at approximately $2,440,589.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $781,685.87. Following the transaction, the executive vice president now directly owns 10,594 shares in the company, valued at $1,433,474.14. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its position in shares of F5 Networks by 68.4% in the second quarter. Nisa Investment Advisors LLC now owns 46,827 shares of the network technology company’s stock valued at $5,331,000 after buying an additional 19,027 shares during the last quarter. Capital Analysts LLC raised its position in F5 Networks by 11,634.6% in the second quarter. Capital Analysts LLC now owns 50,928 shares of the network technology company’s stock valued at $1,692,000 after buying an additional 50,494 shares during the period. Capstone Asset Management Co. raised its position in F5 Networks by 4.3% in the second quarter. Capstone Asset Management Co. now owns 5,153 shares of the network technology company’s stock valued at $587,000 after buying an additional 211 shares during the period. River & Mercantile Asset Management LLP raised its position in F5 Networks by 45.4% in the second quarter. River & Mercantile Asset Management LLP now owns 56,375 shares of the network technology company’s stock valued at $6,417,000 after buying an additional 17,600 shares during the period. Finally, NN Investment Partners Holdings N.V. raised its position in F5 Networks by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 22,297 shares of the network technology company’s stock valued at $2,538,000 after buying an additional 209 shares during the period. 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.

5 Day Chart for NASDAQ:FFIV

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