BidaskClub lowered shares of F5 Networks (NASDAQ:FFIV) from a sell rating to a strong sell rating in a report issued on Wednesday morning, BidAskClub reports.

FFIV has been the topic of several other research reports. Piper Jaffray Companies reaffirmed an underweight rating and issued a $157.00 price target on shares of F5 Networks in a report on Thursday, January 24th. Nomura reduced their price objective on shares of F5 Networks to $155.00 and set a neutral rating on the stock in a research note on Thursday, January 24th. Credit Suisse Group reissued a buy rating and set a $218.00 price objective on shares of F5 Networks in a research note on Wednesday, January 16th. DA Davidson reduced their price objective on shares of F5 Networks to $170.00 and set a neutral rating on the stock in a research note on Wednesday, March 13th. Finally, JPMorgan Chase & Co. downgraded shares of F5 Networks from an overweight rating to a neutral rating and reduced their price objective for the company from $210.00 to $183.00 in a research note on Tuesday, March 12th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $173.99.

Shares of NASDAQ FFIV traded up $2.05 on Wednesday, hitting $154.37. The company’s stock had a trading volume of 584,808 shares, compared to its average volume of 678,148. F5 Networks has a 12-month low of $148.90 and a 12-month high of $199.71. The company has a market capitalization of $9.18 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 2.03 and a beta of 0.91.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, April 24th. The network technology company reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.01. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The company had revenue of $544.90 million for the quarter, compared to the consensus estimate of $547.03 million. During the same quarter in the prior year, the firm earned $2.31 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, equities research analysts expect that F5 Networks will post 8.59 earnings per share for the current fiscal year.

In other F5 Networks news, EVP Chad Michael Whalen sold 379 shares of the stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $159.50, for a total transaction of $60,450.50. Following the transaction, the executive vice president now owns 6,318 shares of the company’s stock, valued at $1,007,721. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Francois Locoh-Donou sold 4,036 shares of the stock in a transaction that occurred on Monday, February 4th. The stock was sold at an average price of $159.50, for a total transaction of $643,742.00. Following the transaction, the chief executive officer now directly owns 29,639 shares in the company, valued at approximately $4,727,420.50. The disclosure for this sale can be found here. Insiders have sold 20,286 shares of company stock worth $3,194,047 in the last three months. Insiders own 0.22% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc raised its stake in F5 Networks by 2.5% during the third quarter. Vanguard Group Inc now owns 6,537,476 shares of the network technology company’s stock worth $1,303,703,000 after purchasing an additional 158,995 shares during the period. BlackRock Inc. raised its stake in F5 Networks by 4.2% during the fourth quarter. BlackRock Inc. now owns 5,373,816 shares of the network technology company’s stock worth $870,719,000 after purchasing an additional 216,957 shares during the period. Bank of Montreal Can raised its stake in F5 Networks by 6.7% during the first quarter. Bank of Montreal Can now owns 1,461,116 shares of the network technology company’s stock worth $229,293,000 after purchasing an additional 92,149 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd raised its stake in F5 Networks by 12.5% during the fourth quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,235,640 shares of the network technology company’s stock worth $200,210,000 after purchasing an additional 136,880 shares during the period. Finally, Geode Capital Management LLC raised its stake in F5 Networks by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 1,094,712 shares of the network technology company’s stock worth $177,152,000 after purchasing an additional 72,027 shares during the period. 97.15% of the stock is currently owned by institutional investors.

F5 Networks Company Profile

F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.

Recommended Story: What is Put Option Volume?

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.