Credit Suisse Group set a $188.00 target price on F5 Networks (NASDAQ:FFIV) in a report published on Monday morning. The brokerage currently has a buy rating on the network technology company’s stock.
Other equities research analysts have also issued reports about the company. Oppenheimer reiterated a hold rating on shares of F5 Networks in a research note on Thursday, January 25th. ValuEngine lowered F5 Networks from a buy rating to a hold rating in a research note on Saturday, March 10th. MKM Partners upped their price objective on F5 Networks from $133.00 to $156.00 and gave the company a neutral rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded F5 Networks from a hold rating to a buy rating and set a $164.00 price objective on the stock in a research note on Tuesday, March 13th. Finally, BidaskClub upgraded F5 Networks from a hold rating to a buy rating in a research note on Saturday, February 3rd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $148.70.
F5 Networks stock opened at $173.41 on Monday. The company has a market capitalization of $10.63 billion, a price-to-earnings ratio of 26.84, a PEG ratio of 2.51 and a beta of 1.07. F5 Networks has a 12 month low of $114.63 and a 12 month high of $176.33.
F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, April 25th. The network technology company reported $2.31 EPS for the quarter, beating the consensus estimate of $2.27 by $0.04. The firm had revenue of $533.30 million during the quarter, compared to analysts’ expectations of $529.95 million. F5 Networks had a return on equity of 37.01% and a net margin of 20.43%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.95 EPS. equities research analysts expect that F5 Networks will post 7.46 earnings per share for the current year.
In other F5 Networks news, SVP Ryan C. Kearny sold 862 shares of the stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $162.78, for a total value of $140,316.36. Following the transaction, the senior vice president now directly owns 4,505 shares in the company, valued at approximately $733,323.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Mcadam sold 25,000 shares of the stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $173.09, for a total value of $4,327,250.00. Following the completion of the transaction, the director now owns 26,477 shares in the company, valued at $4,582,903.93. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 57,664 shares of company stock worth $9,492,285. 0.26% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank boosted its position in F5 Networks by 8.3% in the 1st quarter. Amalgamated Bank now owns 9,071 shares of the network technology company’s stock valued at $1,312,000 after buying an additional 692 shares during the last quarter. WINTON GROUP Ltd boosted its position in F5 Networks by 64.5% in the 1st quarter. WINTON GROUP Ltd now owns 166,226 shares of the network technology company’s stock valued at $24,038,000 after buying an additional 65,191 shares during the last quarter. CIBC World Markets Inc. bought a new position in F5 Networks in the 1st quarter valued at $1,423,000. Royal Bank of Canada boosted its position in F5 Networks by 10.5% in the 1st quarter. Royal Bank of Canada now owns 471,364 shares of the network technology company’s stock valued at $68,164,000 after buying an additional 44,872 shares during the last quarter. Finally, Atlantic Trust Group LLC boosted its position in F5 Networks by 53.2% in the 1st quarter. Atlantic Trust Group LLC now owns 1,302 shares of the network technology company’s stock valued at $188,000 after buying an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.
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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