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

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of F5 Networks from a hold rating to a sell rating in a report on Tuesday, April 9th. Nomura upgraded shares of F5 Networks from a neutral rating to a buy rating and raised their price target for the company from $155.00 to $180.00 in a report on Monday, April 1st. Piper Jaffray Companies raised shares of F5 Networks from an underweight rating to a neutral rating and increased their price objective for the company from $157.00 to $163.00 in a research report on Friday, March 29th. DA Davidson decreased their price objective on shares of F5 Networks to $170.00 and set a neutral rating for the company in a research report on Wednesday, March 13th. Finally, Deutsche Bank decreased their price objective on shares of F5 Networks from $115.00 to $110.00 and set a sell rating for the company in a research report on Tuesday, March 12th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company. F5 Networks currently has a consensus rating of Hold and a consensus target price of $170.87.

NASDAQ:FFIV opened at $163.40 on Friday. F5 Networks has a fifty-two week low of $148.90 and a fifty-two week high of $199.71. The stock has a market capitalization of $9.71 billion, a PE ratio of 20.43, a PEG ratio of 2.09 and a beta of 0.93.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, January 23rd. The network technology company reported $2.70 earnings per share for the quarter, beating analysts’ consensus estimates of $2.53 by $0.17. F5 Networks had a net margin of 22.74% and a return on equity of 40.12%. The business had revenue of $543.80 million for the quarter, compared to analysts’ expectations of $547.39 million. During the same period last year, the business earned $2.26 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that F5 Networks will post 8.64 earnings per share for the current fiscal year.

In other F5 Networks news, EVP Chad Michael Whalen sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $166.75, for a total transaction of $25,012.50. Following the completion of the transaction, the executive vice president now directly owns 436 shares of the company’s stock, valued at approximately $72,703. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Thomas Dean Fountain sold 545 shares of the firm’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $171.60, for a total transaction of $93,522.00. Following the transaction, the executive vice president now directly owns 763 shares of the company’s stock, valued at $130,930.80. The disclosure for this sale can be found here. Insiders have sold a total of 14,469 shares of company stock valued at $2,339,402 over the last three months. 0.22% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Intercontinental Wealth Advisors LLC purchased a new position in F5 Networks during the 4th quarter worth approximately $25,000. Lindbrook Capital LLC purchased a new stake in F5 Networks in the 4th quarter valued at about $26,000. Rational Advisors LLC increased its stake in F5 Networks by 2,009.1% during the fourth quarter. Rational Advisors LLC now owns 232 shares of the network technology company’s stock worth $38,000 after purchasing an additional 221 shares during the period. Global Trust Asset Management LLC purchased a new stake in F5 Networks during the first quarter worth about $41,000. Finally, Highwater Wealth Management LLC purchased a new stake in F5 Networks during the fourth quarter worth about $54,000. 97.15% of the stock is owned by institutional investors.

About F5 Networks

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.

Read More: What is the LIBOR?

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.