BMO Capital Markets Reiterates “Outperform” Rating for F5 Networks, Inc. (NASDAQ:FFIV)
BMO Capital Markets reiterated their outperform rating on shares of F5 Networks, Inc. (NASDAQ:FFIV) in a report released on Thursday morning. They currently have a $124.00 price objective on the network technology company’s stock, down from their previous price objective of $132.00.
A number of other brokerages have also weighed in on FFIV. Deutsche Bank AG lowered F5 Networks from a hold rating to a sell rating and lowered their price objective for the company from $120.00 to $100.00 in a report on Wednesday, March 29th. Needham & Company LLC reaffirmed a hold rating on shares of F5 Networks in a report on Thursday, March 30th. Robert W. Baird reaffirmed a hold rating on shares of F5 Networks in a report on Thursday, April 27th. Royal Bank Of Canada lowered their price objective on F5 Networks from $137.00 to $132.00 and set a sector perform rating on the stock in a report on Thursday, April 27th. Finally, Oppenheimer Holdings, Inc. set a $157.00 price objective on F5 Networks and gave the company a buy rating in a report on Saturday, April 8th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $132.00.
Shares of F5 Networks (NASDAQ:FFIV) traded down 0.80% during trading on Thursday, hitting $120.75. The stock had a trading volume of 787,903 shares. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 20.05 and a beta of 1.17. F5 Networks has a 12-month low of $114.45 and a 12-month high of $149.50. The stock’s 50-day moving average is $127.78 and its 200-day moving average is $135.13.
F5 Networks (NASDAQ:FFIV) last released 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 for the quarter, compared to analyst estimates of $525.57 million. During the same quarter last year, the company posted $1.81 earnings per share. The business’s revenue was up 4.3% on a year-over-year basis. On average, equities research analysts expect that F5 Networks will post $8.18 EPS for the current year.
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In related news, Director John Mcadam sold 10,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $130.17, for a total transaction of $1,301,700.00. Following the sale, the director now owns 66,953 shares in the company, valued at $8,715,272.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John D. Dilullo sold 3,420 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $127.62, for a total transaction of $436,460.40. Following the sale, the executive vice president now owns 4,926 shares in the company, valued at approximately $628,656.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,655 shares of company stock worth $2,532,499. Company insiders own 0.26% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in FFIV. First Bank & Trust raised its stake in F5 Networks by 0.3% in the first quarter. First Bank & Trust now owns 1,630 shares of the network technology company’s stock valued at $232,000 after buying an additional 5 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in 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 buying an additional 9 shares during the period. Winslow Evans & Crocker Inc. raised its stake in F5 Networks by 0.6% in the first quarter. Winslow Evans & Crocker Inc. now owns 2,418 shares of the network technology company’s stock valued at $345,000 after buying an additional 14 shares during the period. Contravisory Investment Management Inc. raised its stake in F5 Networks by 0.8% in the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock valued at $235,000 after buying an additional 14 shares during the period. Finally, Concert Wealth Management Inc. raised its stake in F5 Networks by 0.8% in the first quarter. Concert Wealth Management Inc. now owns 1,867 shares of the network technology company’s stock valued at $267,000 after buying an additional 15 shares during the period. Hedge funds and other institutional investors own 94.75% of the company’s stock.
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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