DA Davidson Analysts Give F5 Networks (FFIV) a $155.00 Price Target

F5 Networks (NASDAQ:FFIV) received a $155.00 target price from DA Davidson in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the network technology company’s stock. DA Davidson’s price target would indicate a potential upside of 12.32% from the stock’s previous close. DA Davidson also issued estimates for F5 Networks’ Q2 2018 earnings at $1.67 EPS, Q3 2018 earnings at $1.75 EPS, Q1 2019 earnings at $1.75 EPS, Q2 2019 earnings at $1.82 EPS, Q3 2019 earnings at $1.96 EPS, Q4 2019 earnings at $1.99 EPS and FY2019 earnings at $7.52 EPS.

A number of other brokerages have also recently weighed in on FFIV. Zacks Investment Research cut F5 Networks from a “buy” rating to a “hold” rating in a research report on Monday. Piper Jaffray Companies reaffirmed a “neutral” rating and issued a $146.00 price target on shares of F5 Networks in a research report on Wednesday, January 10th. Bank of America raised F5 Networks from a “neutral” rating to a “buy” rating and set a $157.00 price objective for the company in a research report on Friday, January 5th. Deutsche Bank reissued a “sell” rating on shares of F5 Networks in a research report on Friday, January 5th. Finally, BMO Capital Markets raised F5 Networks from a “market perform” rating to an “outperform” rating and set a $122.00 price objective for the company in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $132.16.

Shares of F5 Networks (NASDAQ:FFIV) traded down $1.55 during trading hours on Wednesday, hitting $138.00. The company’s stock had a trading volume of 568,200 shares, compared to its average volume of 590,992. F5 Networks has a 12 month low of $114.63 and a 12 month high of $149.50. The firm has a market capitalization of $8,810.00, a PE ratio of 21.20, a P/E/G ratio of 2.16 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $2.20 by $0.24. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The company had revenue of $538.00 million during the quarter, compared to analysts’ expectations of $534.71 million. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. equities analysts anticipate that F5 Networks will post 6.74 earnings per share for the current year.

F5 Networks announced that its board has authorized a stock repurchase plan on Wednesday, October 25th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the network technology company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

In related news, CMO Benjamin Gibson sold 932 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total transaction of $111,392.64. Following the sale, the chief marketing officer now directly owns 1,651 shares in the company, valued at approximately $197,327.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Edward Julian Eames sold 15,489 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $120.84, for a total value of $1,871,690.76. Following the sale, the chief operating officer now owns 21,587 shares in the company, valued at $2,608,573.08. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,712 shares of company stock worth $4,316,345. Corporate insiders own 0.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. grew its position in F5 Networks by 1.1% during the 2nd quarter. Advisor Group Inc. now owns 13,304 shares of the network technology company’s stock worth $1,683,000 after acquiring an additional 144 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in F5 Networks by 23.0% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 860 shares of the network technology company’s stock worth $110,000 after acquiring an additional 161 shares during the last quarter. HighTower Advisors LLC grew its position in F5 Networks by 0.9% during the 2nd quarter. HighTower Advisors LLC now owns 18,592 shares of the network technology company’s stock worth $2,394,000 after acquiring an additional 166 shares during the last quarter. Sentry Investment Management LLC grew its position in F5 Networks by 3.5% during the 2nd quarter. Sentry Investment Management LLC now owns 5,425 shares of the network technology company’s stock worth $689,000 after acquiring an additional 181 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in F5 Networks by 2.2% during the 2nd quarter. Nordea Investment Management AB now owns 9,303 shares of the network technology company’s stock worth $1,182,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 94.87% of the company’s stock.

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About F5 Networks

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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