F5 Networks, Inc. (FFIV) Receives $129.50 Average PT from Analysts
Shares of F5 Networks, Inc. (NASDAQ:FFIV) have been assigned an average rating of “Hold” from the twenty-three research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $129.50.
A number of brokerages recently issued reports on FFIV. Robert W. Baird reissued a “hold” rating and set a $125.00 price target on shares of F5 Networks in a research note on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of F5 Networks in a research note on Wednesday. Royal Bank Of Canada reissued a “hold” rating and set a $129.00 price target on shares of F5 Networks in a research note on Tuesday. Piper Jaffray Companies restated a “hold” rating and set a $121.00 price objective on shares of F5 Networks in a report on Thursday. Finally, BMO Capital Markets restated an “outperform” rating and set a $124.00 price objective (down from $132.00) on shares of F5 Networks in a report on Thursday, July 27th.
In other F5 Networks news, CFO Andrew Reinland sold 6,215 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $120.27, for a total transaction of $747,478.05. Following the completion of the sale, the chief financial officer now directly owns 20,601 shares in the company, valued at approximately $2,477,682.27. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Benjamin Gibson sold 3,262 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the sale, the executive vice president now owns 815 shares of the company’s stock, valued at $95,558.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,312 shares of company stock valued at $2,675,607. 0.26% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of FFIV. Sei Investments Co. increased its stake in F5 Networks by 47.7% during the 1st quarter. Sei Investments Co. now owns 8,855 shares of the network technology company’s stock worth $1,262,000 after buying an additional 2,858 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of F5 Networks by 0.4% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,071 shares of the network technology company’s stock valued at $295,000 after purchasing an additional 9 shares in the last quarter. Van ECK Associates Corp grew its position in shares of F5 Networks by 6.0% in the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock valued at $164,000 after purchasing an additional 65 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of F5 Networks by 6.1% in the first quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock valued at $243,000 after purchasing an additional 98 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of F5 Networks by 0.4% in the first quarter. Principal Financial Group Inc. now owns 118,078 shares of the network technology company’s stock valued at $16,834,000 after purchasing an additional 521 shares in the last quarter. Institutional investors own 96.50% of the company’s stock.
Shares of F5 Networks (FFIV) traded up 0.87% during trading on Wednesday, reaching $116.70. The company’s stock had a trading volume of 989,030 shares. The stock has a market cap of $7.42 billion, a price-to-earnings ratio of 19.38 and a beta of 1.14. F5 Networks has a 12-month low of $114.63 and a 12-month high of $149.50. The company has a 50 day moving average of $117.96 and a 200-day moving average of $125.81.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $2.03. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm had revenue of $517.80 million during the quarter, compared to analyst estimates of $525.57 million. During the same period last year, the company earned $1.81 EPS. F5 Networks’s quarterly revenue was up 4.3% compared to the same quarter last year. Analysts forecast that F5 Networks will post $8.17 EPS 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.
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