DA Davidson Downgrades F5 Networks (FFIV) to Neutral

F5 Networks (NASDAQ:FFIV) was downgraded by analysts at DA Davidson from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They currently have a $181.00 target price on the network technology company’s stock, up from their previous target price of $172.96. DA Davidson’s price objective suggests a potential upside of 5.76% from the stock’s current price. The analysts noted that the move was a valuation call.

FFIV has been the subject of several other reports. MKM Partners boosted their price objective on shares of F5 Networks from $133.00 to $156.00 and gave the company a “neutral” rating in a research report on Thursday, January 25th. BidaskClub raised shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 2nd. BMO Capital Markets boosted their price objective on shares of F5 Networks from $166.00 to $169.00 and gave the company an “outperform” rating in a research report on Thursday, April 26th. Bank of America boosted their price objective on shares of F5 Networks from $157.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. Finally, Barclays boosted their price objective on shares of F5 Networks from $125.00 to $135.00 and gave the company an “underweight” rating in a research report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. F5 Networks presently has an average rating of “Hold” and a consensus target price of $148.70.

F5 Networks opened at $171.14 on Wednesday, MarketBeat reports. F5 Networks has a 12 month low of $169.69 and a 12 month high of $171.74. The stock has a market cap of $10.46 billion, a P/E ratio of 26.49, a PEG ratio of 2.47 and a beta of 1.07.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, April 25th. The network technology company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.04. The company had revenue of $533.30 million during the quarter, compared to analysts’ expectations of $529.95 million. F5 Networks had a net margin of 20.43% and a return on equity of 37.01%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the company earned $1.95 EPS. analysts predict that F5 Networks will post 7.46 earnings per share for the current year.

In other news, SVP Ryan C. Kearny sold 862 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The shares were sold at an average price of $162.78, for a total value of $140,316.36. Following the completion of the sale, the senior vice president now owns 4,505 shares of the company’s stock, valued at approximately $733,323.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Higginson sold 1,740 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The stock was sold at an average price of $168.47, for a total transaction of $293,137.80. Following the completion of the sale, the director now directly owns 11,310 shares of the company’s stock, valued at approximately $1,905,395.70. The disclosure for this sale can be found here. Insiders sold a total of 82,664 shares of company stock valued at $13,092,035 in the last ninety days. Corporate insiders own 0.26% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atria Investments LLC raised its stake in shares of F5 Networks by 5.2% during the 1st quarter. Atria Investments LLC now owns 6,290 shares of the network technology company’s stock worth $910,000 after acquiring an additional 311 shares in the last quarter. Verition Fund Management LLC raised its stake in shares of F5 Networks by 9.5% during the 4th quarter. Verition Fund Management LLC now owns 4,088 shares of the network technology company’s stock worth $536,000 after acquiring an additional 353 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of F5 Networks by 20.7% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,115 shares of the network technology company’s stock worth $306,000 after acquiring an additional 362 shares in the last quarter. ING Groep NV raised its stake in shares of F5 Networks by 6.1% during the 1st quarter. ING Groep NV now owns 6,318 shares of the network technology company’s stock worth $914,000 after acquiring an additional 366 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of F5 Networks by 18.6% during the 4th quarter. Penserra Capital Management LLC now owns 2,380 shares of the network technology company’s stock worth $312,000 after acquiring an additional 374 shares in the last quarter. 98.34% of the stock is owned by hedge funds and other institutional investors.

F5 Networks Company Profile

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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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