Craig Hallum started coverage on shares of F5 Networks (NASDAQ:FFIV) in a research note released on Tuesday morning, TipRanks reports. The firm issued a buy rating and a $168.00 price target on the network technology company’s stock.

A number of other equities analysts also recently commented on FFIV. Evercore ISI started coverage on shares of F5 Networks in a report on Wednesday. They set an inline rating and a $140.00 price objective for the company. Barclays started coverage on shares of F5 Networks in a report on Wednesday, August 7th. They set an overweight rating and a $160.00 price target for the company. Morgan Stanley raised shares of F5 Networks from an underweight rating to an equal weight rating and set a $130.00 price target for the company in a report on Thursday, August 8th. ValuEngine raised shares of F5 Networks from a sell rating to a hold rating in a report on Saturday, July 27th. Finally, Goldman Sachs Group downgraded shares of F5 Networks from a neutral rating to a sell rating and cut their price target for the company from $165.00 to $120.00 in a report on Monday, July 8th. Four investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $162.99.

Shares of NASDAQ:FFIV traded up $0.06 during midday trading on Tuesday, reaching $141.35. 2,483 shares of the company’s stock were exchanged, compared to its average volume of 632,715. The company’s 50 day simple moving average is $134.42 and its two-hundred day simple moving average is $147.04. The firm has a market capitalization of $8.49 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. F5 Networks has a 12 month low of $121.36 and a 12 month high of $199.71.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, July 24th. The network technology company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.06). The business had revenue of $563.39 million for the quarter, compared to the consensus estimate of $556.15 million. F5 Networks had a return on equity of 36.33% and a net margin of 21.03%. F5 Networks’s revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.44 earnings per share. As a group, equities research analysts expect that F5 Networks will post 8.22 EPS for the current year.

In other F5 Networks news, EVP Chad Michael Whalen sold 297 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $127.63, for a total value of $37,906.11. Following the completion of the transaction, the executive vice president now directly owns 1,331 shares of the company’s stock, valued at $169,875.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 4,037 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $142.72, for a total transaction of $576,160.64. Following the completion of the transaction, the chief executive officer now directly owns 38,113 shares of the company’s stock, valued at $5,439,487.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,955 shares of company stock valued at $1,821,889. Insiders own 0.22% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in FFIV. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in F5 Networks by 28.5% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 14,407 shares of the network technology company’s stock valued at $2,098,000 after purchasing an additional 3,196 shares during the period. Treasurer of the State of North Carolina grew its holdings in F5 Networks by 6.1% during the second quarter. Treasurer of the State of North Carolina now owns 25,128 shares of the network technology company’s stock valued at $3,659,000 after purchasing an additional 1,440 shares during the period. Natixis grew its holdings in F5 Networks by 59.1% during the second quarter. Natixis now owns 158,205 shares of the network technology company’s stock valued at $23,039,000 after purchasing an additional 58,788 shares during the period. Magnetar Financial LLC grew its holdings in F5 Networks by 9.4% during the second quarter. Magnetar Financial LLC now owns 2,837 shares of the network technology company’s stock valued at $413,000 after purchasing an additional 244 shares during the period. Finally, UBS Group AG grew its holdings in F5 Networks by 63.0% during the second quarter. UBS Group AG now owns 175,626 shares of the network technology company’s stock valued at $25,577,000 after purchasing an additional 67,881 shares during the period. 94.15% of the stock is 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.

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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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