F5 Networks’ (FFIV) Hold Rating Reaffirmed at KeyCorp
Several other research analysts also recently commented on the company. Zacks Investment Research downgraded F5 Networks from a hold rating to a sell rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of F5 Networks in a research report on Tuesday, September 12th. Standpoint Research initiated coverage on F5 Networks in a research report on Monday, October 2nd. They issued an accumulate rating and a $160.00 price target on the stock. Drexel Hamilton reaffirmed a buy rating and issued a $160.00 price target on shares of F5 Networks in a research report on Friday, July 21st. Finally, Needham & Company LLC reaffirmed a hold rating on shares of F5 Networks in a research report on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the company. F5 Networks presently has an average rating of Hold and a consensus target price of $128.94.
F5 Networks (NASDAQ:FFIV) traded down 0.23% during trading on Wednesday, reaching $115.72. The company’s stock had a trading volume of 642,299 shares. F5 Networks has a 52-week low of $114.45 and a 52-week high of $149.50. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 19.22 and a beta of 1.14. The stock’s 50-day moving average is $117.99 and its 200 day moving average is $126.09.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.03. The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.81 EPS. On average, analysts predict that F5 Networks will post $8.17 EPS for the current fiscal year.
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In other F5 Networks news, COO Edward Julian Eames sold 4,378 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total value of $528,118.14. Following the transaction, the chief operating officer now owns 35,088 shares of the company’s stock, valued at $4,232,665.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP John D. Dilullo sold 3,052 shares of the business’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $120.55, for a total value of $367,918.60. Following the completion of the transaction, the executive vice president now directly owns 7,255 shares in the company, valued at approximately $874,590.25. The disclosure for this sale can be found here. In the last three months, insiders sold 22,312 shares of company stock worth $2,675,607. Insiders own 0.26% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in F5 Networks by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,416,690 shares of the network technology company’s stock worth $815,305,000 after purchasing an additional 16,411 shares in the last quarter. BlackRock Inc. boosted its stake in F5 Networks by 2,108.1% in the first quarter. BlackRock Inc. now owns 4,404,873 shares of the network technology company’s stock worth $628,003,000 after purchasing an additional 4,205,384 shares in the last quarter. Renaissance Technologies LLC boosted its stake in F5 Networks by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,740,209 shares of the network technology company’s stock worth $221,111,000 after purchasing an additional 95,035 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in F5 Networks by 9.3% in the second quarter. Epoch Investment Partners Inc. now owns 1,450,142 shares of the network technology company’s stock worth $184,254,000 after purchasing an additional 123,489 shares in the last quarter. Finally, FMR LLC boosted its stake in F5 Networks by 30.7% in the second quarter. FMR LLC now owns 1,185,212 shares of the network technology company’s stock worth $150,592,000 after purchasing an additional 278,682 shares in the last quarter. 96.50% of the stock is currently owned by 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.
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