F5 Networks (NASDAQ:FFIV) Upgraded to Hold by BidaskClub

F5 Networks (NASDAQ:FFIV) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday, November 9th, BidAskClub reports.

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FFIV has been the subject of several other reports. Craig Hallum started coverage on shares of F5 Networks in a report on Tuesday, September 10th. They issued a “buy” rating and a $168.00 target price for the company. Evercore ISI started coverage on shares of F5 Networks in a report on Wednesday, September 11th. They issued an “inline” rating and a $140.00 target price for the company. Barclays raised their target price on shares of F5 Networks from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday, October 24th. ValuEngine upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. Finally, MKM Partners lifted their target price on shares of F5 Networks from $164.00 to $166.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. F5 Networks has a consensus rating of “Hold” and a consensus price target of $158.42.

FFIV stock traded up $1.16 during mid-day trading on Friday, reaching $145.46. The company’s stock had a trading volume of 323,200 shares, compared to its average volume of 630,831. F5 Networks has a fifty-two week low of $121.36 and a fifty-two week high of $179.37. The company’s 50 day moving average is $140.30 and its two-hundred day moving average is $140.25. The stock has a market cap of $8.68 billion, a PE ratio of 17.65, a P/E/G ratio of 1.99 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, October 23rd. The network technology company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.04. F5 Networks had a net margin of 19.07% and a return on equity of 31.79%. The company had revenue of $590.40 million during the quarter, compared to analyst estimates of $582.51 million. During the same quarter in the prior year, the business earned $2.90 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts forecast that F5 Networks will post 7.9 earnings per share for the current year.

In other news, EVP Scot Frazier Rogers sold 5,910 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $145.31, for a total value of $858,782.10. Following the sale, the executive vice president now owns 17,984 shares in the company, valued at approximately $2,613,255.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ana Maria White sold 1,615 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $145.71, for a total transaction of $235,321.65. Following the completion of the sale, the executive vice president now owns 8,399 shares in the company, valued at approximately $1,223,818.29. The disclosure for this sale can be found here. Insiders have sold 24,573 shares of company stock worth $3,540,539 in the last quarter. Corporate insiders own 0.22% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Guinness Asset Management Ltd increased its stake in F5 Networks by 66.7% during the 2nd quarter. Guinness Asset Management Ltd now owns 170 shares of the network technology company’s stock worth $25,000 after purchasing an additional 68 shares in the last quarter. FDx Advisors Inc. boosted its position in F5 Networks by 6.3% during the 2nd quarter. FDx Advisors Inc. now owns 1,541 shares of the network technology company’s stock worth $224,000 after acquiring an additional 92 shares during the last quarter. LS Investment Advisors LLC boosted its position in F5 Networks by 4.0% during the 2nd quarter. LS Investment Advisors LLC now owns 2,498 shares of the network technology company’s stock worth $364,000 after acquiring an additional 96 shares during the last quarter. Clarius Group LLC boosted its position in F5 Networks by 6.2% during the 3rd quarter. Clarius Group LLC now owns 1,704 shares of the network technology company’s stock worth $239,000 after acquiring an additional 100 shares during the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in F5 Networks by 2.6% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,033 shares of the network technology company’s stock worth $587,000 after acquiring an additional 101 shares during the last quarter. 93.96% of the stock is owned by institutional investors and hedge funds.

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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