F5 Networks, Inc. (FFIV) Receives Consensus Rating of “Hold” from Analysts

Shares of F5 Networks, Inc. (NASDAQ:FFIV) have received a consensus rating of “Hold” from the twenty-five brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation, eight have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $168.76.

FFIV has been the subject of several analyst reports. BidaskClub downgraded F5 Networks from a “strong-buy” rating to a “buy” rating in a report on Friday, June 8th. Bank of America raised their price target on F5 Networks from $180.00 to $200.00 and gave the company a “buy” rating in a report on Monday, June 11th. Standpoint Research downgraded F5 Networks from a “buy” rating to a “hold” rating and set a $160.00 price target for the company. in a report on Monday, June 18th. Citigroup downgraded F5 Networks from a “buy” rating to a “neutral” rating and raised their price target for the company from $170.00 to $190.00 in a report on Monday, June 18th. They noted that the move was a valuation call. Finally, Credit Suisse Group set a $188.00 price target on F5 Networks and gave the company a “buy” rating in a report on Friday, June 29th.

Shares of NASDAQ:FFIV opened at $196.82 on Wednesday. F5 Networks has a 1-year low of $114.63 and a 1-year high of $197.70. The firm has a market cap of $11.84 billion, a PE ratio of 30.47, a P/E/G ratio of 2.77 and a beta of 0.77.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 25th. The network technology company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.05. F5 Networks had a return on equity of 38.57% and a net margin of 21.37%. The firm had revenue of $542.20 million during the quarter, compared to the consensus estimate of $540.59 million. During the same period last year, the company earned $2.03 earnings per share. The company’s revenue was up 4.7% on a year-over-year basis. sell-side analysts anticipate that F5 Networks will post 7.64 EPS for the current fiscal year.

In other news, Director Michael L. Dreyer sold 5,679 shares of the business’s stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $183.03, for a total transaction of $1,039,427.37. Following the transaction, the director now owns 5,679 shares of the company’s stock, valued at approximately $1,039,427.37. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Ryan C. Kearny sold 857 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $171.86, for a total value of $147,284.02. Following the transaction, the senior vice president now directly owns 4,714 shares in the company, valued at approximately $810,148.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,327 shares of company stock worth $3,026,072. 0.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FFIV. BlackRock Inc. increased its position in shares of F5 Networks by 10.5% during the 2nd quarter. BlackRock Inc. now owns 5,070,865 shares of the network technology company’s stock valued at $874,472,000 after purchasing an additional 481,489 shares during the last quarter. Morgan Stanley increased its position in shares of F5 Networks by 100.2% during the 2nd quarter. Morgan Stanley now owns 449,061 shares of the network technology company’s stock valued at $77,440,000 after purchasing an additional 224,792 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its position in shares of F5 Networks by 21.2% during the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,263,975 shares of the network technology company’s stock valued at $182,783,000 after purchasing an additional 221,067 shares during the last quarter. Unigestion Holding SA bought a new position in F5 Networks in the 2nd quarter valued at $33,965,000. Finally, Teacher Retirement System of Texas grew its position in F5 Networks by 141.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 325,842 shares of the network technology company’s stock valued at $56,191,000 after acquiring an additional 190,970 shares during the last quarter. 99.99% of the stock is currently owned by hedge funds and other 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.

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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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