F5 Networks Inc. (NASDAQ:FFIV) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Thursday. The brokerage presently has a $161.00 price objective on the network technology company’s stock. Zacks Investment Research’s price target points to a potential upside of 11.88% from the stock’s previous close.

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. “

Several other equities analysts also recently weighed in on the company. Jefferies Group raised their price objective on F5 Networks to $130.00 in a research note on Monday. Oppenheimer Holdings Inc. set a $157.00 price target on F5 Networks and gave the stock a “buy” rating in a research report on Saturday, November 19th. Drexel Hamilton reissued a “buy” rating and set a $160.00 price target on shares of F5 Networks in a research report on Friday, November 18th. BMO Capital Markets reissued a “hold” rating on shares of F5 Networks in a research report on Friday, November 18th. Finally, Credit Suisse Group AG set a $134.00 price target on F5 Networks and gave the stock a “hold” rating in a research report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and seventeen have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $121.32.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

F5 Networks (NASDAQ:FFIV) remained flat at $143.90 during trading on Thursday. The stock had a trading volume of 424,280 shares. The firm’s 50 day moving average is $130.70 and its 200 day moving average is $121.29. The company has a market capitalization of $9.40 billion, a P/E ratio of 26.75 and a beta of 1.38. F5 Networks has a 52-week low of $86.03 and a 52-week high of $144.28.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data 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. F5 Networks had a return on equity of 31.79% and a net margin of 18.34%. The firm earned $525.30 million during the quarter, compared to the consensus estimate of $520.45 million. During the same period last year, the business posted $1.84 EPS. F5 Networks’s quarterly revenue was up 4.8% on a year-over-year basis. Equities analysts forecast that F5 Networks will post $8.26 earnings per share for the current year.

In other news, Director Alan Higginson sold 3,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were 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 of the company’s stock, valued at $1,829,991.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scot Frazier Rogers sold 1,660 shares of the company’s stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $136.98, for a total transaction of $227,386.80. Following the completion of the transaction, the executive vice president now directly owns 7,350 shares in the company, valued at $1,006,803. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. New York Life Trust Co. increased 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 period. Global X Management Co. LLC boosted its stake in shares of 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. Acrospire Investment Management LLC boosted its stake in shares of 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. Orinda Asset Management LLC acquired a new stake in shares of F5 Networks during the third quarter worth about $130,000. Finally, IFP Advisors Inc boosted its stake in shares of 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. 93.89% of the stock is currently owned by institutional investors and hedge funds.

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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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