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

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

FFIV has been the topic of several other research reports. Piper Jaffray Companies upgraded shares of F5 Networks from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $161.00 to $166.00 in a report on Monday, September 9th. Morgan Stanley raised F5 Networks from an “underweight” rating to an “equal weight” rating and set a $130.00 target price for the company in a research report on Thursday, August 8th. Credit Suisse Group upped their target price on F5 Networks from $188.00 to $191.00 and gave the company an “outperform” rating in a research report on Thursday, July 25th. Barclays upped their target price on F5 Networks from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Thursday, October 24th. Finally, ValuEngine raised F5 Networks from a “sell” rating to a “hold” rating in a research report on Saturday, July 27th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $158.42.

Shares of F5 Networks stock opened at $148.41 on Friday. F5 Networks has a 52-week low of $121.36 and a 52-week high of $188.87. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 2.02 and a beta of 1.06. The company’s 50 day moving average price is $139.28 and its 200-day moving average price is $140.75.

F5 Networks (NASDAQ:FFIV) last issued its earnings results 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 firm had revenue of $590.40 million for the quarter, compared to analysts’ expectations of $582.51 million. During the same quarter last year, the business earned $2.90 earnings per share. The business’s revenue was up 4.9% on a year-over-year basis. Analysts forecast that F5 Networks will post 7.9 earnings per share for the current year.

In other F5 Networks news, CEO Francois Locoh-Donou sold 9,514 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $145.71, for a total transaction of $1,386,284.94. Following the completion of the sale, the chief executive officer now directly owns 45,089 shares of the company’s stock, valued at approximately $6,569,918.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Chad Michael Whalen sold 297 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $127.63, for a total value of $37,906.11. Following the sale, the executive vice president now directly owns 1,331 shares of the company’s stock, valued at $169,875.53. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,997 shares of company stock valued at $3,592,614. 0.22% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Guinness Asset Management Ltd raised its stake in shares of 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 buying an additional 68 shares in the last quarter. FDx Advisors Inc. grew its position in shares of F5 Networks by 6.3% in the 2nd quarter. FDx Advisors Inc. now owns 1,541 shares of the network technology company’s stock valued at $224,000 after acquiring an additional 92 shares during the period. LS Investment Advisors LLC grew its position in shares of F5 Networks by 4.0% in the 2nd quarter. LS Investment Advisors LLC now owns 2,498 shares of the network technology company’s stock valued at $364,000 after acquiring an additional 96 shares during the period. Clarius Group LLC grew its position in shares of F5 Networks by 6.2% in the 3rd quarter. Clarius Group LLC now owns 1,704 shares of the network technology company’s stock valued at $239,000 after acquiring an additional 100 shares during the period. Finally, Crossmark Global Holdings Inc. grew its position in shares of F5 Networks by 2.6% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,033 shares of the network technology company’s stock valued at $587,000 after acquiring an additional 101 shares during the period. 93.95% 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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