F5 Networks (NASDAQ:FFIV) had its target price cut by Credit Suisse Group from $211.00 to $188.00 in a report issued on Thursday, The Fly reports. They currently have an outperform rating on the network technology company’s stock.
Several other analysts have also recently commented on the company. Goldman Sachs Group reiterated a hold rating and set a $8.40 price target on shares of Deutsche Bank in a research report on Monday, July 8th. Piper Jaffray Companies upgraded F5 Networks from an underweight rating to a neutral rating and boosted their price target for the stock from $157.00 to $163.00 in a research report on Friday, March 29th. ValuEngine cut Xylem from a buy rating to a hold rating in a research report on Tuesday, May 14th. Zacks Investment Research cut Guaranty Federal Bancshares from a hold rating to a sell rating in a research report on Tuesday, April 23rd. Finally, BidaskClub upgraded Zynerba Pharmaceuticals from a hold rating to a buy rating in a research report on Thursday, June 20th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $168.32.
Shares of FFIV opened at $147.97 on Thursday. F5 Networks has a one year low of $131.53 and a one year high of $199.71. The stock has a market capitalization of $8.83 billion, a PE ratio of 18.50, a price-to-earnings-growth ratio of 2.05 and a beta of 1.04. The stock’s 50 day moving average price is $142.33.
F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, April 24th. The network technology company reported $2.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.01. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. The firm had revenue of $544.90 million during the quarter, compared to analysts’ expectations of $547.03 million. During the same period in the previous year, the business earned $2.31 earnings per share. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. As a group, equities analysts predict that F5 Networks will post 8.59 EPS for the current fiscal year.
In other F5 Networks news, SVP Ryan C. Kearny sold 3,825 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $153.99, for a total value of $589,011.75. Following the completion of the sale, the senior vice president now directly owns 10,978 shares in the company, valued at approximately $1,690,502.22. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 1,017 shares of the company’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $151.58, for a total value of $154,156.86. Following the completion of the sale, the executive vice president now owns 2,497 shares of the company’s stock, valued at $378,495.26. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,168 shares of company stock valued at $1,546,472. 0.22% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Atlas Capital Advisors LLC lifted its stake in shares of F5 Networks by 306.5% in the 1st quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock valued at $29,000 after purchasing an additional 141 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of F5 Networks in the 1st quarter valued at $41,000. grace capital acquired a new position in shares of F5 Networks in the 4th quarter valued at $49,000. Tortoise Index Solutions LLC acquired a new position in shares of F5 Networks in the 1st quarter valued at $66,000. Finally, Omnia Family Wealth LLC lifted its stake in shares of F5 Networks by 43.8% in the 4th quarter. Omnia Family Wealth LLC now owns 450 shares of the network technology company’s stock valued at $73,000 after purchasing an additional 137 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.
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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