F5 Networks (NASDAQ:FFIV) Receives Hold Rating from Needham & Company LLC

Needham & Company LLC reissued their hold rating on shares of F5 Networks (NASDAQ:FFIV) in a research note issued to investors on Monday morning, AnalystRatings.com reports.

Other equities analysts also recently issued research reports about the company. Piper Jaffray Companies upgraded F5 Networks from a neutral rating to an overweight rating and lifted their price objective for the stock from $161.00 to $166.00 in a research report on Monday, September 9th. Craig Hallum assumed coverage on F5 Networks in a research report on Tuesday, September 10th. They set a buy rating and a $168.00 price objective on the stock. Zacks Investment Research downgraded F5 Networks from a hold rating to a sell rating and set a $162.00 price objective on the stock. in a research report on Monday, July 29th. Evercore ISI assumed coverage on F5 Networks in a research report on Wednesday, September 11th. They set an inline rating and a $140.00 price objective on the stock. Finally, Barclays assumed coverage on F5 Networks in a research report on Wednesday, August 7th. They set an overweight rating and a $160.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have given a buy rating to the company’s stock. F5 Networks has an average rating of Hold and a consensus price target of $163.62.

NASDAQ FFIV opened at $145.94 on Monday. The company has a market cap of $8.36 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06. The stock’s 50 day simple moving average is $136.67 and its 200-day simple moving average is $142.31. F5 Networks has a 1-year low of $121.36 and a 1-year high of $190.08.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, October 23rd. The network technology company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.04. The business had revenue of $590.40 million for the quarter, compared to the consensus estimate of $582.51 million. F5 Networks had a return on equity of 36.33% and a net margin of 21.03%. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.90 earnings per share. Research analysts forecast that F5 Networks will post 8.22 EPS for the current fiscal year.

In other F5 Networks news, CEO Francois Locoh-Donou sold 250 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $135.73, for a total transaction of $33,932.50. Following the completion of the sale, the chief executive officer now owns 31,274 shares of the company’s stock, valued at $4,244,820.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Stephen Mcmillan sold 1,972 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $147.16, for a total value of $290,199.52. Following the sale, the executive vice president now directly owns 5,455 shares of the company’s stock, valued at approximately $802,757.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,783 shares of company stock valued at $2,219,345. 0.22% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of FFIV. Rhumbline Advisers grew its stake in F5 Networks by 2.2% during the 3rd quarter. Rhumbline Advisers now owns 136,688 shares of the network technology company’s stock worth $19,194,000 after purchasing an additional 2,952 shares in the last quarter. State of New Jersey Common Pension Fund D purchased a new stake in F5 Networks during the 3rd quarter worth about $6,895,000. Golden State Wealth Management LLC lifted its holdings in F5 Networks by 22.6% during the 3rd quarter. Golden State Wealth Management LLC now owns 950 shares of the network technology company’s stock worth $133,000 after buying an additional 175 shares during the last quarter. Clarius Group LLC lifted its holdings 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 buying an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System lifted its holdings in F5 Networks by 1.4% during the 3rd quarter. State of Michigan Retirement System now owns 14,472 shares of the network technology company’s stock worth $2,032,000 after buying an additional 200 shares during the last quarter. 94.33% 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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