Royal Bank Of Canada reissued their hold rating on shares of F5 Networks, Inc. (NASDAQ:FFIV) in a report released on Tuesday morning. They currently have a $129.00 price objective on the network technology company’s stock.

A number of other research analysts have also weighed in on FFIV. Robert W. Baird reaffirmed a hold rating and issued a $125.00 price target on shares of F5 Networks in a research note on Wednesday, October 4th. Piper Jaffray Companies decreased their price target on shares of F5 Networks to $121.00 and set a neutral rating on the stock in a research note on Thursday, July 27th. BMO Capital Markets reaffirmed an outperform rating and issued a $124.00 price target (down from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a sell rating and issued a $90.00 price target (down from $100.00) on shares of F5 Networks in a research note on Tuesday, October 3rd. Finally, CIBC reaffirmed a market perform rating on shares of F5 Networks in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $128.94.

F5 Networks (FFIV) opened at 116.40 on Tuesday. F5 Networks has a 12 month low of $114.45 and a 12 month high of $149.50. The stock has a 50 day moving average price of $118.02 and a 200 day moving average price of $126.17. The stock has a market capitalization of $7.40 billion, a P/E ratio of 19.33 and a beta of 1.14.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $2.03. The firm had revenue of $517.80 million for 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%. F5 Networks’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $1.81 EPS. Equities analysts predict that F5 Networks will post $8.17 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “F5 Networks, Inc. (FFIV) Receives “Hold” Rating from Royal Bank Of Canada” was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally copied and republished in violation of United States & international copyright laws. The correct version of this article can be read at https://www.thecerbatgem.com/2017/10/11/f5-networks-inc-ffiv-receives-hold-rating-from-royal-bank-of-canada.html.

In other news, CEO Francois Locoh-Donou sold 2,029 shares of F5 Networks stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total transaction of $242,688.69. Following the sale, the chief executive officer now owns 2,636 shares of the company’s stock, valued at approximately $315,291.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Ryan C. Kearny sold 836 shares of F5 Networks stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $120.59, for a total transaction of $100,813.24. Following the sale, the executive vice president now directly owns 2,148 shares in the company, valued at approximately $259,027.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,312 shares of company stock worth $2,675,607. Corporate insiders own 0.26% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in FFIV. BlackRock Inc. raised its position in shares of F5 Networks by 2,108.1% during the 1st quarter. BlackRock Inc. now owns 4,404,873 shares of the network technology company’s stock valued at $628,003,000 after buying an additional 4,205,384 shares during the period. Koch Industries Inc. purchased a new stake in shares of F5 Networks during the 2nd quarter valued at approximately $832,000. Janus Henderson Group PLC raised its position in shares of F5 Networks by 424.5% during the 2nd quarter. Janus Henderson Group PLC now owns 748,290 shares of the network technology company’s stock valued at $95,081,000 after buying an additional 605,629 shares during the period. Morgan Stanley raised its position in shares of F5 Networks by 171.1% during the 1st quarter. Morgan Stanley now owns 829,117 shares of the network technology company’s stock valued at $118,207,000 after buying an additional 523,250 shares during the period. Finally, FMR LLC raised its position in shares of F5 Networks by 30.7% during the 2nd quarter. FMR LLC now owns 1,185,212 shares of the network technology company’s stock valued at $150,592,000 after buying an additional 278,682 shares during the period. 96.50% of the stock is currently owned by hedge funds and other institutional investors.

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)

Receive News & Stock Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related stocks with our FREE daily email newsletter.