KeyCorp Reiterates Hold Rating for F5 Networks, Inc. (FFIV)

F5 Networks, Inc. (NASDAQ:FFIV)‘s stock had its “hold” rating reaffirmed by equities researchers at KeyCorp in a research note issued to investors on Wednesday.

A number of other equities research analysts also recently issued reports on FFIV. Robert W. Baird reiterated a “hold” rating and set a $125.00 price objective on shares of F5 Networks in a research note on Wednesday, October 4th. Piper Jaffray Companies reiterated a “hold” rating and set a $121.00 price objective on shares of F5 Networks in a research note on Thursday. Royal Bank Of Canada reiterated a “hold” rating and set a $129.00 price objective on shares of F5 Networks in a research note on Tuesday. BMO Capital Markets reiterated an “outperform” rating and set a $124.00 price objective (down from $132.00) on shares of F5 Networks in a research note on Thursday, July 27th. Finally, Deutsche Bank AG reiterated a “sell” rating and set a $90.00 price objective (down from $100.00) on shares of F5 Networks in a research note on Tuesday, October 3rd. Three analysts have rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $128.94.

Shares of F5 Networks (NASDAQ FFIV) opened at 115.69 on Wednesday. The stock’s 50 day moving average is $117.98 and its 200 day moving average is $126.02. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 19.21 and a beta of 1.14. F5 Networks has a 12 month low of $114.63 and a 12 month high of $149.50.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, July 26th. The network technology company reported $2.03 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.03. F5 Networks had a net margin of 18.96% and a return on equity of 33.85%. The business had revenue of $517.80 million for the quarter, compared to the consensus estimate of $525.57 million. During the same period in the prior year, the company posted $1.81 earnings per share. F5 Networks’s revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that F5 Networks will post $8.17 earnings per share for the current fiscal year.

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In other news, CEO Francois Locoh-Donou sold 2,029 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $119.61, for a total transaction of $242,688.69. Following the completion of the sale, the chief executive officer now owns 2,636 shares of the company’s stock, valued at approximately $315,291.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Ryan C. Kearny sold 836 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $120.59, for a total transaction of $100,813.24. Following the sale, the executive vice president now directly owns 2,148 shares of the company’s stock, valued at approximately $259,027.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,312 shares of company stock valued at $2,675,607. Insiders own 0.26% of the company’s stock.

Several hedge funds have recently made changes to their positions in FFIV. Sei Investments Co. grew its position in shares of F5 Networks by 47.7% during the 1st quarter. Sei Investments Co. now owns 8,855 shares of the network technology company’s stock worth $1,262,000 after buying an additional 2,858 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of F5 Networks by 0.4% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 2,071 shares of the network technology company’s stock worth $295,000 after buying an additional 9 shares during the period. Van ECK Associates Corp grew its position in shares of F5 Networks by 6.0% during the 1st quarter. Van ECK Associates Corp now owns 1,153 shares of the network technology company’s stock worth $164,000 after buying an additional 65 shares during the period. OppenheimerFunds Inc. grew its position in shares of F5 Networks by 6.1% during the 1st quarter. OppenheimerFunds Inc. now owns 1,705 shares of the network technology company’s stock worth $243,000 after buying an additional 98 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of F5 Networks by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 118,078 shares of the network technology company’s stock worth $16,834,000 after buying an additional 521 shares during the period. 96.50% of the stock is owned by institutional investors.

F5 Networks Company Profile

F5 Networks, Inc is a developer and provider of software defined application services. The Company is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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