F5 Networks (FFIV) Upgraded at BidaskClub

BidaskClub upgraded shares of F5 Networks (NASDAQ:FFIV) from a buy rating to a strong-buy rating in a report published on Friday morning.

Several other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of F5 Networks from a buy rating to a hold rating in a research note on Monday, January 15th. BMO Capital Markets raised shares of F5 Networks from a market perform rating to an outperform rating and set a $122.00 target price for the company in a research report on Thursday, January 4th. Bank of America raised shares of F5 Networks from a neutral rating to a buy rating and set a $157.00 target price 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, DA Davidson set a $155.00 target price on shares of F5 Networks and gave the stock a buy rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. F5 Networks currently has a consensus rating of Hold and an average target price of $140.55.

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Shares of F5 Networks (FFIV) opened at $144.51 on Friday. F5 Networks has a 52 week low of $114.63 and a 52 week high of $153.91. The firm has a market cap of $8,937.14, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 2.17 and a beta of 1.01.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, January 24th. The network technology company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.21. F5 Networks had a net margin of 19.79% and a return on equity of 35.98%. The firm had revenue of $523.20 million during the quarter, compared to the consensus estimate of $521.07 million. During the same period in the previous year, the firm posted $1.98 earnings per share. The business’s revenue was up 1.4% compared to the same quarter last year. equities analysts predict that F5 Networks will post 7.32 EPS for the current fiscal year.

In related news, CEO Francois Locoh-Donou sold 1,675 shares of the business’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $142.85, for a total transaction of $239,273.75. Following the transaction, the chief executive officer now directly owns 3,984 shares in the company, valued at $569,114.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Andrew Reinland sold 12,963 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $148.01, for a total transaction of $1,918,653.63. Following the transaction, the chief financial officer now owns 515 shares in the company, valued at $76,225.15. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,172 shares of company stock worth $7,274,542. 0.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB boosted its holdings in F5 Networks by 4.1% during the fourth quarter. Xact Kapitalforvaltning AB now owns 17,648 shares of the network technology company’s stock worth $2,316,000 after purchasing an additional 701 shares during the last quarter. William Blair Investment Management LLC purchased a new position in F5 Networks in the fourth quarter valued at about $1,161,000. Lake Street Advisors Group LLC purchased a new position in F5 Networks in the fourth quarter valued at about $266,000. MetLife Investment Advisors LLC purchased a new position in F5 Networks in the fourth quarter valued at about $2,541,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in F5 Networks by 42.3% in the fourth quarter. Municipal Employees Retirement System of Michigan now owns 7,070 shares of the network technology company’s stock valued at $928,000 after acquiring an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 94.33% of the company’s stock.

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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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