F5 Networks Inc. (NASDAQ:FFIV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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. “

Several other analysts have also commented on the company. Jefferies Group raised their target price on F5 Networks to $130.00 in a report on Monday, November 21st. Oppenheimer Holdings Inc. set a $157.00 price objective on F5 Networks and gave the company a “buy” rating in a report on Saturday, November 19th. Drexel Hamilton reissued a “buy” rating and issued a $160.00 price objective on shares of F5 Networks in a report on Friday, November 18th. BMO Capital Markets reissued a “hold” rating on shares of F5 Networks in a report on Friday, November 18th. Finally, Credit Suisse Group AG set a $134.00 price objective on F5 Networks and gave the company a “hold” rating in a report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating and sixteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $121.32.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

Shares of F5 Networks (NASDAQ:FFIV) traded down 1.05% during mid-day trading on Monday, hitting $142.61. The stock had a trading volume of 385,235 shares. F5 Networks has a one year low of $86.03 and a one year high of $144.28. The stock has a market cap of $9.31 billion, a P/E ratio of 26.51 and a beta of 1.38. The firm has a 50 day moving average of $131.93 and a 200-day moving average of $122.12.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, October 26th. The network technology company reported $2.11 EPS for the quarter, topping the consensus estimate of $1.94 by $0.17. The firm had revenue of $525.30 million for 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%. F5 Networks’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the company earned $1.84 earnings per share. Equities research analysts expect that F5 Networks will post $8.26 earnings per share for the current fiscal year.

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In other news, EVP John D. Dilullo sold 5,777 shares of the stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $135.31, for a total transaction of $781,685.87. Following the completion of the transaction, the executive vice president now directly owns 10,594 shares of the company’s stock, valued at approximately $1,433,474.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Scot Frazier Rogers sold 1,660 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $136.98, for a total value of $227,386.80. Following the transaction, the executive vice president now directly owns 7,350 shares of the company’s stock, valued at $1,006,803. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Institutional investors have recently modified their holdings of the company. PGGM Investments increased its position 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 worth $32,754,000 after buying an additional 59,093 shares during the period. Trillium Asset Management LLC boosted its stake in 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 worth $18,427,000 after buying an additional 14,236 shares in the last quarter. Todd Asset Management LLC boosted its stake in 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 worth $55,757,000 after buying an additional 114,139 shares in the last quarter. Roosevelt Investment Group Inc. boosted its stake in 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 worth $16,373,000 after buying an additional 58,750 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its stake in F5 Networks by 5,516.1% in the second quarter. Acadian Asset Management LLC now owns 6,290 shares of the network technology company’s stock worth $716,000 after buying an additional 6,178 shares in the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:FFIV

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