F5 Networks, Inc. (FFIV) Receives $171.79 Consensus PT from Brokerages

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F5 Networks, Inc. (NASDAQ:FFIV) has been given an average recommendation of “Hold” by the nineteen ratings firms that are currently covering the firm, Marketbeat reports. Four analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $171.79.

A number of research firms recently commented on FFIV. Piper Jaffray Companies reiterated an “underweight” rating and issued a $157.00 price objective on shares of F5 Networks in a report on Thursday, January 24th. Nomura lowered their price target on F5 Networks to $155.00 and set a “neutral” rating for the company in a report on Thursday, January 24th. Credit Suisse Group restated a “buy” rating and issued a $218.00 price target on shares of F5 Networks in a report on Wednesday, January 16th. BidaskClub upgraded F5 Networks from a “hold” rating to a “buy” rating in a report on Thursday, December 20th. Finally, DA Davidson lowered their price target on F5 Networks to $170.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th.

In other F5 Networks news, CEO Francois Locoh-Donou sold 4,036 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $159.50, for a total transaction of $643,742.00. Following the transaction, the chief executive officer now owns 29,639 shares in the company, valued at approximately $4,727,420.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Thomas Dean Fountain sold 545 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $170.68, for a total value of $93,020.60. Following the transaction, the executive vice president now owns 1,308 shares in the company, valued at approximately $223,249.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,469 shares of company stock valued at $2,339,402. Insiders own 0.22% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC lifted its holdings in F5 Networks by 66.2% during the 3rd quarter. AQR Capital Management LLC now owns 1,806,836 shares of the network technology company’s stock worth $360,319,000 after buying an additional 719,638 shares during the period. Norges Bank bought a new position in shares of F5 Networks during the fourth quarter valued at about $110,515,000. Sadoff Investment Management LLC bought a new position in shares of F5 Networks during the fourth quarter valued at about $36,641,000. BlackRock Inc. boosted its holdings in shares of F5 Networks by 4.2% during the fourth quarter. BlackRock Inc. now owns 5,373,816 shares of the network technology company’s stock worth $870,719,000 after purchasing an additional 216,957 shares during the period. Finally, Virginia Retirement Systems ET AL boosted its holdings in shares of F5 Networks by 176.5% during the fourth quarter. Virginia Retirement Systems ET AL now owns 275,900 shares of the network technology company’s stock worth $44,704,000 after purchasing an additional 176,100 shares during the period. 97.15% of the stock is currently owned by institutional investors.

NASDAQ FFIV opened at $166.12 on Friday. The stock has a market capitalization of $9.87 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.13 and a beta of 0.93. F5 Networks has a 12 month low of $148.90 and a 12 month high of $199.71.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, January 23rd. The network technology company reported $2.70 EPS for the quarter, beating analysts’ consensus estimates of $2.53 by $0.17. The business had revenue of $543.80 million during the quarter, compared to the consensus estimate of $547.39 million. F5 Networks had a return on equity of 40.12% and a net margin of 22.74%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.26 earnings per share. On average, equities analysts expect that F5 Networks will post 8.64 EPS for the current fiscal year.

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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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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