Credit Suisse Group Lowers F5 Networks (NASDAQ:FFIV) Price Target to $203.00

F5 Networks (NASDAQ:FFIV) had its price objective lowered by investment analysts at Credit Suisse Group from $207.00 to $203.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the network technology company’s stock. Credit Suisse Group’s price objective suggests a potential upside of 10.51% from the company’s current price.

Several other research firms have also recently weighed in on FFIV. Smith Barney Citigroup upped their price target on shares of F5 Networks from $165.00 to $190.00 in a report on Friday, January 8th. TheStreet cut F5 Networks from a “b” rating to a “c+” rating in a research note on Tuesday, April 27th. Cowen increased their target price on F5 Networks from $223.00 to $255.00 and gave the company an “outperform” rating in a research note on Monday, January 25th. Needham & Company LLC increased their target price on F5 Networks from $245.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, April 28th. Finally, Zacks Investment Research cut F5 Networks from a “hold” rating to a “sell” rating and set a $206.00 target price on the stock. in a research note on Monday, February 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $204.00.

F5 Networks stock opened at $183.70 on Tuesday. The stock has a market cap of $11.33 billion, a P/E ratio of 36.59, a PEG ratio of 2.33 and a beta of 1.13. F5 Networks has a fifty-two week low of $116.79 and a fifty-two week high of $216.15. The firm’s fifty day moving average price is $205.30 and its 200-day moving average price is $182.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.37 and a current ratio of 1.39.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Tuesday, April 27th. The network technology company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $1.60 by $0.90. The firm had revenue of $645.29 million for the quarter, compared to analysts’ expectations of $635.98 million. F5 Networks had a net margin of 13.08% and a return on equity of 19.72%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.23 earnings per share. Sell-side analysts predict that F5 Networks will post 7.16 earnings per share for the current year.

In related news, CFO Francis J. Pelzer sold 600 shares of F5 Networks stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $211.28, for a total transaction of $126,768.00. Following the transaction, the chief financial officer now owns 11,489 shares in the company, valued at approximately $2,427,395.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 1,300 shares of F5 Networks stock in a transaction on Thursday, April 15th. The shares were sold at an average price of $211.28, for a total transaction of $274,664.00. Following the transaction, the chief executive officer now owns 70,786 shares in the company, valued at approximately $14,955,666.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 16,537 shares of company stock valued at $3,324,911. 0.34% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the business. JJJ Advisors Inc. lifted its stake in F5 Networks by 191.7% in the 4th quarter. JJJ Advisors Inc. now owns 210 shares of the network technology company’s stock worth $37,000 after purchasing an additional 138 shares in the last quarter. Mascoma Wealth Management LLC bought a new stake in shares of F5 Networks in the 1st quarter worth about $40,000. Whittier Trust Co. bought a new stake in shares of F5 Networks in the 1st quarter worth about $42,000. North Star Investment Management Corp. bought a new stake in shares of F5 Networks in the 1st quarter worth about $47,000. Finally, Regent Peak Wealth Advisors LLC bought a new stake in shares of F5 Networks in the 4th quarter worth about $50,000. Institutional investors and hedge funds own 90.69% of the company’s stock.

F5 Networks Company Profile

F5 Networks, Inc provides multi-cloud application services for the security, performance, and availability of network applications, servers, and storage systems. The company's multi-cloud application services enable its customers to develop, deploy, operate, secure, and govern applications in any architecture, from on-premises to the public cloud.

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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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