F5 Networks (NASDAQ:FFIV) was downgraded by equities researchers at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, Briefing.com reports. They currently have a $207.00 price objective on the network technology company’s stock. Credit Suisse Group’s target price indicates a potential downside of 1.85% from the stock’s current price.

FFIV has been the topic of a number of other research reports. Morgan Stanley increased their price objective on shares of F5 Networks from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 27th. Cowen increased their price objective on F5 Networks from $223.00 to $255.00 and gave the stock an “outperform” rating in a research note on Monday, January 25th. Needham & Company LLC lifted their target price on F5 Networks from $235.00 to $245.00 and gave the company a “buy” rating in a research report on Wednesday, January 27th. Smith Barney Citigroup increased their price target on F5 Networks from $165.00 to $190.00 in a research report on Friday, January 8th. Finally, Royal Bank of Canada lifted their price objective on shares of F5 Networks from $182.00 to $200.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $195.78.

Shares of FFIV opened at $210.90 on Thursday. The company has a market capitalization of $13.00 billion, a PE ratio of 42.01, a PEG ratio of 2.33 and a beta of 1.13. The stock’s 50-day moving average price is $199.25 and its two-hundred day moving average price is $172.17. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 0.17. F5 Networks has a 12 month low of $116.79 and a 12 month high of $216.15.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings data on Monday, January 25th. The network technology company reported $2.59 EPS for the quarter, topping the Zacks’ consensus estimate of $2.45 by $0.14. The company had revenue of $625.90 million for the quarter, compared to analyst estimates of $624.01 million. F5 Networks had a return on equity of 19.72% and a net margin of 13.08%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.55 earnings per share. Equities research analysts predict that F5 Networks will post 7.16 EPS for the current fiscal year.

In related news, EVP Thomas Dean Fountain sold 1,978 shares of the stock in a transaction on Monday, March 15th. The shares were sold at an average price of $195.03, for a total transaction of $385,769.34. Following the transaction, the executive vice president now owns 14,957 shares of the company’s stock, valued at approximately $2,917,063.71. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Alan Higginson sold 1,633 shares of F5 Networks stock in a transaction on Friday, February 19th. The stock was sold at an average price of $199.01, for a total transaction of $324,983.33. Following the completion of the transaction, the director now owns 9,840 shares in the company, valued at approximately $1,958,258.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,194 shares of company stock worth $3,620,367. Insiders own 0.34% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FFIV. Chiron Capital Management LLC bought a new position in shares of F5 Networks during the third quarter valued at about $37,000. JJJ Advisors Inc. grew its position in F5 Networks by 191.7% during the 4th quarter. JJJ Advisors Inc. now owns 210 shares of the network technology company’s stock worth $37,000 after acquiring an additional 138 shares during the last quarter. Regent Peak Wealth Advisors LLC purchased a new position in F5 Networks in the 4th quarter worth approximately $50,000. IFP Advisors Inc increased its stake in F5 Networks by 47.4% in the 4th quarter. IFP Advisors Inc now owns 308 shares of the network technology company’s stock worth $53,000 after purchasing an additional 99 shares during the period. Finally, Sowell Financial Services LLC lifted its position in F5 Networks by 261.0% in the fourth quarter. Sowell Financial Services LLC now owns 444 shares of the network technology company’s stock valued at $78,000 after purchasing an additional 321 shares during the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.

F5 Networks Company Profile

F5 Networks, Inc provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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