F5 Networks (FFIV) Downgraded by ValuEngine

F5 Networks (NASDAQ:FFIV) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Several other analysts have also issued reports on FFIV. Zacks Investment Research lowered shares of F5 Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, April 9th. BidaskClub upgraded shares of F5 Networks from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. Piper Jaffray Companies upgraded shares of F5 Networks from an “underweight” rating to a “neutral” rating and lifted their target price for the company from $157.00 to $163.00 in a research report on Friday, March 29th. Nomura upgraded shares of F5 Networks from a “neutral” rating to a “buy” rating and lifted their target price for the company from $155.00 to $180.00 in a research report on Monday, April 1st. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $218.00 target price on shares of F5 Networks in a research report on Wednesday, January 16th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $173.99.

Shares of NASDAQ FFIV opened at $142.99 on Tuesday. F5 Networks has a 52-week low of $140.63 and a 52-week high of $199.71. The stock has a market capitalization of $8.56 billion, a PE ratio of 17.87, a P/E/G ratio of 1.86 and a beta of 0.91.



F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, April 24th. The network technology company reported $2.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.03 by $0.01. F5 Networks had a net margin of 22.91% and a return on equity of 39.13%. The business had revenue of $544.90 million for the quarter, compared to analyst estimates of $547.03 million. During the same quarter last year, the business earned $2.31 earnings per share. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Sell-side analysts forecast that F5 Networks will post 8.59 EPS for the current year.

In other news, EVP Thomas Dean Fountain sold 1,017 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total value of $154,156.86. Following the transaction, the executive vice president now directly owns 2,497 shares of the company’s stock, valued at $378,495.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Francis J. Pelzer sold 231 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total transaction of $35,014.98. Following the completion of the transaction, the chief financial officer now directly owns 902 shares in the company, valued at $136,725.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,966 shares of company stock worth $1,694,834. Insiders own 0.22% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc raised its stake in F5 Networks by 2.5% during the third 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. raised its stake in F5 Networks by 1.4% during the first quarter. BlackRock Inc. now owns 5,448,618 shares of the network technology company’s stock worth $855,052,000 after purchasing an additional 74,802 shares during the period. Renaissance Technologies LLC raised its stake in F5 Networks by 5.5% during the first quarter. Renaissance Technologies LLC now owns 2,609,774 shares of the network technology company’s stock worth $409,552,000 after purchasing an additional 135,300 shares during the period. Bank of Montreal Can raised its stake in F5 Networks by 6.7% during the first quarter. Bank of Montreal Can now owns 1,461,116 shares of the network technology company’s stock worth $229,293,000 after purchasing an additional 92,149 shares during the period. Finally, MERIAN GLOBAL INVESTORS UK Ltd raised its stake in F5 Networks by 6.1% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 1,311,316 shares of the network technology company’s stock worth $205,784,000 after purchasing an additional 75,676 shares during the period. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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