F5 Networks (NASDAQ:FFIV) had its price objective increased by Needham & Company LLC from $180.00 to $210.00 in a research report sent to investors on Thursday, The Fly reports. Needham & Company LLC currently has a buy rating on the network technology company’s stock.
Several other research analysts have also recently weighed in on FFIV. Wolfe Research started coverage on shares of F5 Networks in a report on Friday, July 24th. They issued an outperform rating and a $190.00 price target on the stock. The Goldman Sachs Group reissued a hold rating and issued a $151.00 price target on shares of F5 Networks in a report on Tuesday, July 28th. Credit Suisse Group increased their price target on shares of F5 Networks from $183.00 to $184.00 and gave the company an outperform rating in a report on Thursday, October 22nd. JPMorgan Chase & Co. raised shares of F5 Networks from a neutral rating to an overweight rating and increased their price target for the company from $144.00 to $192.00 in a report on Monday, November 16th. Finally, TheStreet raised shares of F5 Networks from a c+ rating to a b- rating in a report on Wednesday, November 11th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $165.53.
Shares of NASDAQ:FFIV opened at $161.11 on Thursday. F5 Networks has a 52-week low of $79.78 and a 52-week high of $166.67. The company has a market capitalization of $9.86 billion, a P/E ratio of 32.09, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03. The company has a 50-day simple moving average of $136.96 and a 200 day simple moving average of $136.86. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.37 and a current ratio of 1.39.
In related news, EVP Ana Maria White sold 257 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $125.00, for a total transaction of $32,125.00. Following the sale, the executive vice president now owns 12,653 shares in the company, valued at approximately $1,581,625. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Geng Lin sold 718 shares of the stock in a transaction that occurred on Monday, October 19th. The stock was sold at an average price of $132.94, for a total transaction of $95,450.92. Following the sale, the executive vice president now owns 3,536 shares in the company, valued at approximately $470,075.84. The disclosure for this sale can be found here. Insiders have sold a total of 8,449 shares of company stock worth $1,224,452 in the last quarter. 0.34% of the stock is currently owned by company insiders.
A number of institutional investors have recently modified their holdings of FFIV. IFP Advisors Inc boosted its position in F5 Networks by 95.0% in the second quarter. IFP Advisors Inc now owns 197 shares of the network technology company’s stock valued at $27,000 after buying an additional 96 shares in the last quarter. Winslow Evans & Crocker Inc. acquired a new position in shares of F5 Networks during the second quarter worth $28,000. Chiron Capital Management LLC acquired a new position in shares of F5 Networks during the third quarter worth $37,000. Cornerstone Advisors Inc. lifted its holdings in shares of F5 Networks by 53.6% during the second quarter. Cornerstone Advisors Inc. now owns 301 shares of the network technology company’s stock worth $42,000 after purchasing an additional 105 shares during the period. Finally, NuWave Investment Management LLC raised its stake in F5 Networks by 381.9% during the third quarter. NuWave Investment Management LLC now owns 453 shares of the network technology company’s stock worth $55,000 after buying an additional 359 shares during the last quarter. Hedge funds and other institutional investors own 94.21% of the company’s stock.
F5 Networks Company Profile
F5 Networks, Inc provides multi-cloud application services for the availability, security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System that enable company's products to intercept, inspect, and act on the contents of traffic.
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