F5 Networks, Inc. (NASDAQ:FFIV) has been given a consensus recommendation of “Hold” by the twenty-three research firms that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $128.56.

Several analysts have recently weighed in on FFIV shares. Nomura reduced their price target on F5 Networks from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday. KeyCorp restated a “hold” rating on shares of F5 Networks in a report on Wednesday, October 11th. Robert W. Baird restated a “hold” rating and set a $125.00 price target on shares of F5 Networks in a report on Wednesday, October 4th. Royal Bank Of Canada restated a “hold” rating and set a $129.00 price target on shares of F5 Networks in a report on Tuesday, October 10th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $121.00 price target on shares of F5 Networks in a report on Thursday.

Shares of F5 Networks (NASDAQ:FFIV) traded down 0.78% during midday trading on Wednesday, reaching $115.79. 505,676 shares of the company’s stock were exchanged. The company’s 50 day moving average is $117.97 and its 200-day moving average is $125.53. The stock has a market cap of $7.36 billion, a PE ratio of 19.23 and a beta of 1.14. F5 Networks has a 12 month low of $114.63 and a 12 month high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share (EPS) for the quarter, meeting 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 analysts’ expectations of $525.57 million. During the same quarter in the previous year, the business posted $1.81 earnings per share. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts forecast that F5 Networks will post $8.17 EPS for the current fiscal year.

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In other news, EVP Benjamin Gibson sold 3,262 shares of the company’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 transaction of $382,469.50. Following the transaction, the executive vice president now directly owns 815 shares of the company’s stock, valued at $95,558.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Reinland sold 6,215 shares of the company’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 value of $747,478.05. Following the transaction, the chief financial officer now directly owns 20,601 shares in the company, valued at $2,477,682.27. The disclosure for this sale can be found here. Insiders have sold 22,312 shares of company stock worth $2,675,607 over the last ninety days. 0.26% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Acrospire Investment Management LLC raised its position in shares of F5 Networks by 100.0% during the second quarter. Acrospire Investment Management LLC now owns 800 shares of the network technology company’s stock worth $102,000 after purchasing an additional 400 shares during the period. Migdal Insurance & Financial Holdings Ltd. grew its holdings in F5 Networks by 23.0% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock worth $110,000 after buying an additional 161 shares in the last quarter. IFP Advisors Inc grew its holdings in F5 Networks by 65.6% during the second quarter. IFP Advisors Inc now owns 959 shares of the network technology company’s stock worth $122,000 after buying an additional 380 shares in the last quarter. American Beacon Advisors Inc. bought a new stake in F5 Networks during the first quarter worth $153,000. Finally, Van ECK Associates Corp grew its holdings in F5 Networks by 6.0% during the first quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after buying an additional 65 shares in the last quarter. 96.25% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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