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.
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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