Brokerages Set F5 Networks, Inc. (FFIV) Price Target at $130.06

F5 Networks, Inc. (NASDAQ:FFIV) has been assigned a consensus rating of “Hold” from the twenty-one research firms that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $129.07.

Several research analysts have weighed in on FFIV shares. Drexel Hamilton restated a “buy” rating and set a $160.00 target price on shares of F5 Networks in a research report on Friday, July 21st. Morgan Stanley lowered their price target on shares of F5 Networks from $136.00 to $130.00 and set an “equal weight” rating on the stock in a research report on Friday, April 28th. Credit Suisse Group set a $138.00 price target on shares of F5 Networks and gave the company a “hold” rating in a research report on Thursday, April 20th. Robert W. Baird reiterated a “hold” rating on shares of F5 Networks in a research report on Thursday, April 27th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $130.00 price target on shares of F5 Networks in a research report on Friday, June 16th.

COPYRIGHT VIOLATION NOTICE: This story was published by BNB Daily and is the sole property of of BNB Daily. If you are accessing this story on another publication, it was copied illegally and reposted in violation of US and international copyright and trademark law. The correct version of this story can be accessed at https://www.baseball-news-blog.com/2017/08/13/f5-networks-inc-ffiv-given-average-recommendation-of-hold-by-brokerages-updated.html.

In other F5 Networks news, EVP John D. Dilullo sold 3,052 shares of the firm’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $120.55, for a total transaction of $367,918.60. Following the completion of the transaction, the executive vice president now directly owns 7,255 shares of the company’s stock, valued at approximately $874,590.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Ryan C. Kearny sold 836 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 2,148 shares of the company’s stock, valued at $259,027.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,050 shares of company stock valued at $2,293,138. Company insiders own 0.26% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in FFIV. OxFORD Asset Management LLP raised its position in shares of F5 Networks by 80.6% in the second quarter. OxFORD Asset Management LLP now owns 66,152 shares of the network technology company’s stock valued at $8,405,000 after buying an additional 29,514 shares in the last quarter. Epoch Investment Partners Inc. raised its position in shares of F5 Networks by 9.3% in the second quarter. Epoch Investment Partners Inc. now owns 1,450,142 shares of the network technology company’s stock valued at $184,254,000 after buying an additional 123,489 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of F5 Networks by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 240,506 shares of the network technology company’s stock valued at $30,560,000 after buying an additional 9,750 shares in the last quarter. Virtu KCG Holdings LLC raised its position in shares of F5 Networks by 137.4% in the second quarter. Virtu KCG Holdings LLC now owns 10,962 shares of the network technology company’s stock valued at $1,393,000 after buying an additional 6,345 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its position in shares of F5 Networks by 0.9% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 291,290 shares of the network technology company’s stock valued at $37,012,000 after buying an additional 2,700 shares in the last quarter. 96.92% of the stock is owned by institutional investors.

F5 Networks (NASDAQ:FFIV) traded up 1.21% during midday trading on Friday, reaching $117.82. The company had a trading volume of 777,869 shares. The stock has a market capitalization of $7.49 billion, a PE ratio of 19.57 and a beta of 1.16. F5 Networks has a 1-year low of $114.45 and a 1-year high of $149.50. The firm’s 50 day moving average is $124.87 and its 200 day moving average is $133.50.

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

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)

Receive News & Ratings for F5 Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for F5 Networks Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply