F5 Networks, Inc. (NASDAQ:FFIV) had its price objective reduced by Nomura from $120.00 to $115.00 in a research report report published on Monday morning. Nomura currently has a neutral rating on the network technology company’s stock.

A number of other brokerages have also recently commented on FFIV. Oppenheimer Holdings, Inc. restated a hold rating on shares of F5 Networks in a report on Tuesday, September 12th. Robert W. Baird restated a hold rating on shares of F5 Networks in a report on Thursday, July 27th. Royal Bank Of Canada restated a hold rating and set a $129.00 target price on shares of F5 Networks in a report on Tuesday, October 10th. BMO Capital Markets restated an outperform rating and set a $124.00 target price (down from $132.00) on shares of F5 Networks in a report on Thursday, July 27th. Finally, Drexel Hamilton restated a buy rating and set a $160.00 target price on shares of F5 Networks in a report on Friday, July 21st. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company’s stock. F5 Networks presently has an average rating of Hold and an average target price of $128.06.

F5 Networks (NASDAQ:FFIV) traded up 0.17% during mid-day trading on Monday, hitting $116.94. The stock had a trading volume of 113,202 shares. F5 Networks has a one year low of $114.63 and a one year high of $149.50. The company has a market cap of $7.43 billion, a PE ratio of 19.42 and a beta of 1.14. The firm’s 50-day moving average price is $117.84 and its 200 day moving average price is $125.09.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.03. The business had revenue of $517.80 million during the quarter, compared to analysts’ expectations of $525.57 million. F5 Networks had a return on equity of 33.85% and a net margin of 18.96%. The company’s revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.81 EPS. On average, equities research analysts anticipate that F5 Networks will post $8.17 EPS for the current year.

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In other news, EVP Ryan C. Kearny sold 836 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $120.59, for a total transaction of $100,813.24. Following the sale, the executive vice president now owns 2,148 shares of the company’s stock, valued at approximately $259,027.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Francois Locoh-Donou sold 2,029 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $119.61, for a total value of $242,688.69. Following the sale, the chief executive officer now directly owns 2,636 shares in the company, valued at approximately $315,291.96. The disclosure for this sale can be found here. Insiders have sold a total of 22,312 shares of company stock worth $2,675,607 in the last three months. Corporate insiders own 0.26% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. increased its position in F5 Networks by 0.4% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 2,071 shares of the network technology company’s stock worth $295,000 after buying an additional 9 shares during the period. Contravisory Investment Management Inc. increased its position in F5 Networks by 0.8% during the second quarter. Contravisory Investment Management Inc. now owns 1,846 shares of the network technology company’s stock worth $235,000 after buying an additional 14 shares during the period. Bronfman E.L. Rothschild L.P. increased its position in F5 Networks by 1.5% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,397 shares of the network technology company’s stock worth $178,000 after buying an additional 21 shares during the period. Intrust Bank NA increased its position in F5 Networks by 1.1% during the second quarter. Intrust Bank NA now owns 4,590 shares of the network technology company’s stock worth $584,000 after buying an additional 50 shares during the period. Finally, Synovus Financial Corp increased its position in F5 Networks by 4.5% during the second quarter. Synovus Financial Corp now owns 1,851 shares of the network technology company’s stock worth $241,000 after buying an additional 79 shares during the period. 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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