F5 Networks Inc. (FFIV) Price Target Increased to $130.00 by Analysts at Jefferies Group
Several other equities research analysts have also commented on the company. Oppenheimer Holdings Inc. set a $157.00 price target on F5 Networks and gave the stock a buy rating in a research note on Saturday. Drexel Hamilton restated a buy rating and set a $160.00 price target on shares of F5 Networks in a research note on Friday. BMO Capital Markets reiterated a hold rating on shares of F5 Networks in a research note on Friday. Credit Suisse Group AG set a $134.00 target price on F5 Networks and gave the company a hold rating in a research note on Friday. Finally, Zacks Investment Research upgraded F5 Networks from a hold rating to a buy rating and set a $161.00 target price for the company in a research note on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, twenty have issued a hold rating and sixteen have given a buy rating to the stock. F5 Networks currently has an average rating of Hold and a consensus price target of $121.32.
Shares of F5 Networks (NASDAQ:FFIV) traded down 0.0776% during mid-day trading on Monday, hitting $143.6584. The company’s stock had a trading volume of 113,211 shares. F5 Networks has a 12-month low of $86.03 and a 12-month high of $144.28. The company has a market cap of $9.38 billion, a PE ratio of 26.7023 and a beta of 1.38. The stock has a 50-day moving average of $129.63 and a 200-day moving average of $120.82.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, October 26th. The network technology company reported $2.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.17. The company earned $525.30 million during the quarter, compared to analyst estimates of $520.45 million. F5 Networks had a return on equity of 31.79% and a net margin of 18.34%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. On average, equities research analysts forecast that F5 Networks will post $8.30 EPS for the current year.
In related news, 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 transaction of $412,470.00. Following the completion of the transaction, the director now owns 13,310 shares in the company, valued at $1,829,991.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Edward Julian Eames sold 4,888 shares of F5 Networks stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $137.03, for a total value of $669,802.64. Following the transaction, the chief operating officer now owns 27,839 shares of the company’s stock, valued at approximately $3,814,778.17. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.
A number of large investors have recently modified their holdings of the company. PGGM Investments increased its stake in shares of F5 Networks by 25.8% in the second quarter. PGGM Investments now owns 287,717 shares of the network technology company’s stock valued at $32,754,000 after buying an additional 59,093 shares during the period. Trillium Asset Management LLC increased its stake in shares of F5 Networks by 9.6% in the second quarter. Trillium Asset Management LLC now owns 161,865 shares of the network technology company’s stock valued at $18,427,000 after buying an additional 14,236 shares during the period. Todd Asset Management LLC increased its stake in shares of F5 Networks by 30.4% in the second quarter. Todd Asset Management LLC now owns 489,780 shares of the network technology company’s stock valued at $55,757,000 after buying an additional 114,139 shares during the period. Roosevelt Investment Group Inc. increased its stake in shares of F5 Networks by 69.1% in the second quarter. Roosevelt Investment Group Inc. now owns 143,823 shares of the network technology company’s stock valued at $16,373,000 after buying an additional 58,750 shares during the period. Finally, Legal & General Group Plc increased its stake in shares of F5 Networks by 0.5% in the first quarter. Legal & General Group Plc now owns 294,137 shares of the network technology company’s stock valued at $31,135,000 after buying an additional 1,514 shares during the period. Hedge funds and other institutional investors own 93.89% of the company’s stock.
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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