Shares of F5 Networks, Inc. (NASDAQ:FFIV) have earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $135.35.

FFIV has been the topic of several research analyst reports. Standpoint Research initiated coverage on shares of F5 Networks in a research report on Monday, October 2nd. They issued an “accumulate” rating and a $160.00 price objective on the stock. Drexel Hamilton restated a “buy” rating and issued a $160.00 price objective on shares of F5 Networks in a research report on Monday, October 23rd. Cowen restated a “buy” rating and issued a $140.00 price objective on shares of F5 Networks in a research report on Friday, October 27th. Bank of America upgraded shares of F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 price objective on the stock in a research report on Friday, January 5th. Finally, Zacks Investment Research upgraded shares of F5 Networks from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research report on Wednesday, January 10th.

F5 Networks (FFIV) traded down $1.55 during mid-day trading on Friday, hitting $138.00. 568,200 shares of the company traded hands, compared to its average volume of 590,992. The company has a market capitalization of $8,770.00, a PE ratio of 21.20, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06. F5 Networks has a one year low of $114.63 and a one year high of $149.50.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.20 by $0.24. The company had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $534.71 million. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. F5 Networks’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 earnings per share. sell-side analysts predict that F5 Networks will post 6.74 EPS for the current year.

F5 Networks announced that its Board of Directors has initiated a stock buyback program on Wednesday, October 25th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the network technology company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

In other news, CFO Andrew Reinland sold 2,241 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $121.03, for a total transaction of $271,228.23. Following the completion of the sale, the chief financial officer now owns 15,369 shares of the company’s stock, valued at $1,860,110.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Edward Julian Eames sold 15,336 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $121.06, for a total value of $1,856,576.16. Following the sale, the executive vice president now directly owns 43,824 shares of the company’s stock, valued at approximately $5,305,333.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,712 shares of company stock valued at $4,316,345. 0.26% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of F5 Networks by 0.3% during the second quarter. Vanguard Group Inc. now owns 6,416,690 shares of the network technology company’s stock valued at $815,305,000 after purchasing an additional 16,411 shares during the period. Renaissance Technologies LLC boosted its stake in shares of F5 Networks by 5.8% during the second quarter. Renaissance Technologies LLC now owns 1,740,209 shares of the network technology company’s stock valued at $221,111,000 after purchasing an additional 95,035 shares during the period. Epoch Investment Partners Inc. boosted its stake in shares of F5 Networks by 9.3% during the second quarter. Epoch Investment Partners Inc. now owns 1,450,142 shares of the network technology company’s stock valued at $184,254,000 after purchasing an additional 123,489 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of F5 Networks by 1.9% during the third quarter. Bank of New York Mellon Corp now owns 1,410,973 shares of the network technology company’s stock valued at $170,107,000 after purchasing an additional 26,260 shares during the period. Finally, Old Mutual Global Investors UK Ltd. raised its holdings in shares of F5 Networks by 24.4% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,401,720 shares of the network technology company’s stock valued at $168,991,000 after acquiring an additional 274,997 shares in the last quarter. 94.87% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: This piece of content was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2018/01/19/f5-networks-inc-ffiv-given-average-rating-of-hold-by-analysts.html.

About F5 Networks

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 & Ratings for F5 Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks and related companies with MarketBeat.com's FREE daily email newsletter.