Shares of F5 Networks, Inc. (NASDAQ:FFIV) have received a consensus recommendation of “Hold” from the twenty-one research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $129.29.

Several equities analysts recently weighed in on the stock. Needham & Company LLC restated a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of F5 Networks in a research report on Tuesday, September 12th. Jefferies Group LLC restated a “hold” rating and set a $124.00 price target on shares of F5 Networks in a research report on Thursday, August 31st. Zacks Investment Research lowered shares of F5 Networks from a “hold” rating to a “sell” rating in a research report on Monday, July 31st. Finally, BMO Capital Markets restated an “outperform” rating and set a $124.00 price target (down previously from $132.00) on shares of F5 Networks in a research report on Thursday, July 27th.

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In related news, EVP Benjamin Gibson sold 3,262 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $117.25, for a total value of $382,469.50. Following the sale, the executive vice president now directly owns 815 shares of the company’s stock, valued at $95,558.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Dilullo sold 3,052 shares of the firm’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $120.55, for a total transaction of $367,918.60. Following the completion of the sale, the executive vice president now directly owns 7,255 shares in the company, valued at $874,590.25. The disclosure for this sale can be found here. Insiders sold 22,312 shares of company stock valued at $2,675,607 over the last 90 days. 0.26% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in FFIV. Profund Advisors LLC raised its stake in F5 Networks by 18.5% in the first quarter. Profund Advisors LLC now owns 1,865 shares of the network technology company’s stock valued at $266,000 after purchasing an additional 291 shares in the last quarter. American Century Companies Inc. raised its stake in F5 Networks by 571.6% in the first quarter. American Century Companies Inc. now owns 32,848 shares of the network technology company’s stock valued at $4,683,000 after purchasing an additional 27,957 shares in the last quarter. Comerica Bank raised its stake in F5 Networks by 6.8% in the first quarter. Comerica Bank now owns 25,479 shares of the network technology company’s stock valued at $3,236,000 after purchasing an additional 1,621 shares in the last quarter. World Asset Management Inc raised its stake in F5 Networks by 18.4% in the first quarter. World Asset Management Inc now owns 7,258 shares of the network technology company’s stock valued at $1,035,000 after purchasing an additional 1,129 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in F5 Networks by 5.8% in the first quarter. UBS Asset Management Americas Inc. now owns 520,998 shares of the network technology company’s stock valued at $74,279,000 after purchasing an additional 28,400 shares in the last quarter. 96.50% of the stock is currently owned by institutional investors and hedge funds.

Shares of F5 Networks (NASDAQ FFIV) traded up 0.75% during mid-day trading on Friday, hitting $117.71. 764,618 shares of the company traded hands. The firm has a 50-day moving average of $117.74 and a 200-day moving average of $129.05. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 19.55 and a beta of 1.16. F5 Networks has a one year low of $114.45 and a one year high of $149.50.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.03. The company had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.81 earnings per share. On average, equities analysts predict that F5 Networks will post $8.17 earnings per share for the current year.

F5 Networks Company Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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