F5 Networks, Inc. (FFIV) Earns Hold Rating from Oppenheimer Holdings, Inc.
Several other analysts also recently weighed in on FFIV. Cowen and Company restated an outperform rating and issued a $145.00 price target on shares of F5 Networks in a research note on Monday, June 5th. Jefferies Group LLC restated a hold rating and issued a $130.00 price target on shares of F5 Networks in a research note on Friday, June 16th. Piper Jaffray Companies downgraded F5 Networks from an overweight rating to a neutral rating and cut their price target for the stock from $144.00 to $136.00 in a research note on Friday, July 14th. Drexel Hamilton restated a buy rating and issued a $160.00 price target on shares of F5 Networks in a research note on Friday, July 21st. Finally, BidaskClub downgraded F5 Networks from a sell rating to a strong sell rating in a research note on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have assigned a buy rating to the stock. F5 Networks has an average rating of Hold and an average target price of $129.71.
Shares of F5 Networks (FFIV) traded down 0.73% during midday trading on Tuesday, reaching $119.22. The company’s stock had a trading volume of 353,974 shares. F5 Networks has a 52-week low of $114.45 and a 52-week high of $149.50. The stock has a 50-day moving average price of $117.98 and a 200-day moving average price of $127.09. The stock has a market cap of $7.58 billion, a price-to-earnings ratio of 19.80 and a beta of 1.14.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting the consensus estimate of $2.03. The company had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.81 EPS. Equities research analysts anticipate that F5 Networks will post $8.17 earnings per share for the current fiscal year.
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In related news, COO Edward Julian Eames sold 4,378 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $120.63, for a total value of $528,118.14. Following the transaction, the chief operating officer now directly owns 35,088 shares of the company’s stock, valued at approximately $4,232,665.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Benjamin Gibson sold 3,262 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $117.25, for a total value of $382,469.50. Following the completion of the transaction, the executive vice president now directly owns 815 shares in the company, valued at $95,558.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,312 shares of company stock worth $2,675,607. 0.26% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. Investec Asset Management LTD raised its holdings in F5 Networks by 33.5% in the 2nd quarter. Investec Asset Management LTD now owns 53,012 shares of the network technology company’s stock worth $6,736,000 after purchasing an additional 13,306 shares during the period. State of Tennessee Treasury Department raised its holdings in F5 Networks by 6.5% in the 2nd quarter. State of Tennessee Treasury Department now owns 144,733 shares of the network technology company’s stock worth $18,390,000 after purchasing an additional 8,875 shares during the period. Sei Investments Co. raised its holdings in F5 Networks by 2.6% in the 2nd quarter. Sei Investments Co. now owns 9,085 shares of the network technology company’s stock worth $1,154,000 after purchasing an additional 230 shares during the period. OppenheimerFunds Inc. raised its holdings in F5 Networks by 6.1% in the 1st quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock worth $243,000 after purchasing an additional 98 shares during the period. Finally, Soros Fund Management LLC bought a new position in F5 Networks in the 1st quarter worth $385,000. 96.50% 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.
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