F5 Networks (FFIV) Receives “Market Perform” Rating from William Blair

William Blair reiterated their market perform rating on shares of F5 Networks (NASDAQ:FFIV) in a report published on Tuesday.

FFIV has been the topic of a number of other reports. Piper Jaffray Companies reiterated an underweight rating and issued a $157.00 price target on shares of F5 Networks in a report on Thursday, January 24th. Nomura dropped their price objective on shares of F5 Networks to $155.00 and set a neutral rating for the company in a research note on Thursday, January 24th. Credit Suisse Group reissued a buy rating and issued a $218.00 price objective on shares of F5 Networks in a research note on Wednesday, January 16th. BidaskClub raised shares of F5 Networks from a hold rating to a buy rating in a research note on Thursday, December 20th. Finally, JPMorgan Chase & Co. cut shares of F5 Networks from an overweight rating to a neutral rating and dropped their price objective for the stock from $210.00 to $183.00 in a research note on Tuesday. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $169.05.

Shares of NASDAQ FFIV opened at $153.18 on Tuesday. The firm has a market capitalization of $8.90 billion, a price-to-earnings ratio of 19.15, a P/E/G ratio of 1.92 and a beta of 0.94. F5 Networks has a 52-week low of $138.67 and a 52-week high of $199.71.



F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, January 23rd. The network technology company reported $2.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.17. The company had revenue of $543.80 million for the quarter, compared to the consensus estimate of $547.39 million. F5 Networks had a net margin of 22.74% and a return on equity of 40.12%. F5 Networks’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.26 EPS. On average, equities research analysts predict that F5 Networks will post 8.62 earnings per share for the current year.

In related news, EVP Thomas Dean Fountain sold 545 shares of F5 Networks stock in a transaction dated Tuesday, February 26th. The shares were sold at an average price of $171.60, for a total transaction of $93,522.00. Following the completion of the transaction, the executive vice president now directly owns 763 shares of the company’s stock, valued at approximately $130,930.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Chad Michael Whalen sold 150 shares of F5 Networks stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $166.75, for a total transaction of $25,012.50. Following the transaction, the executive vice president now directly owns 436 shares of the company’s stock, valued at $72,703. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,469 shares of company stock valued at $2,339,402. 0.22% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its stake in shares of F5 Networks by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 6,537,476 shares of the network technology company’s stock worth $1,303,703,000 after purchasing an additional 158,995 shares during the period. BlackRock Inc. boosted its stake in shares of F5 Networks by 4.2% during the 4th quarter. BlackRock Inc. now owns 5,373,816 shares of the network technology company’s stock worth $870,719,000 after purchasing an additional 216,957 shares during the period. Renaissance Technologies LLC boosted its stake in shares of F5 Networks by 11.7% during the 3rd quarter. Renaissance Technologies LLC now owns 2,019,774 shares of the network technology company’s stock worth $402,783,000 after purchasing an additional 211,800 shares during the period. AQR Capital Management LLC boosted its stake in shares of F5 Networks by 66.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,806,836 shares of the network technology company’s stock worth $360,319,000 after purchasing an additional 719,638 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd boosted its stake in shares of F5 Networks by 12.5% during the 4th quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,235,640 shares of the network technology company’s stock worth $200,210,000 after purchasing an additional 136,880 shares during the period. 97.15% of the stock is 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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