Trade Report: The William Blair Analysts Increase Earnings Estimates for F5 Networks Inc. (FFIV)

The William Blair Analysts Increase Earnings Estimates for F5 Networks Inc. (FFIV)

F5 Networks Inc. (NASDAQ:FFIV) – William Blair increased their Q1 2017 earnings per share estimates for F5 Networks in a research note issued on Thursday. William Blair analyst J. Ader now expects that the firm will post earnings of $1.52 per share for the quarter, up from their prior estimate of $1.50. William Blair also issued estimates for F5 Networks’ Q3 2017 earnings at $1.68 EPS, Q4 2017 earnings at $1.91 EPS, Q1 2018 earnings at $1.76 EPS, Q2 2018 earnings at $1.82 EPS, Q3 2018 earnings at $1.94 EPS and Q4 2018 earnings at $2.15 EPS.

A number of other research analysts have also recently issued reports on the stock. Drexel Hamilton reissued a “buy” rating and set a $155.00 price target (up from $145.00) on shares of F5 Networks in a research report on Sunday, July 24th. Wunderlich lifted their price target on shares of F5 Networks from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Zacks Investment Research raised shares of F5 Networks from a “hold” rating to a “buy” rating and set a $135.00 price target for the company in a research report on Tuesday, July 19th. DA Davidson lifted their price target on shares of F5 Networks from $125.34 to $145.00 and gave the company a “buy” rating in a research report on Friday, August 12th. Finally, Jefferies Group reissued a “hold” rating on shares of F5 Networks in a research report on Tuesday, July 5th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $118.01.

F5 Networks (NASDAQ:FFIV) opened at 134.66 on Monday. The firm has a 50-day moving average of $120.87 and a 200-day moving average of $116.10. F5 Networks has a 1-year low of $86.03 and a 1-year high of $135.92. The stock has a market capitalization of $8.80 billion, a PE ratio of 25.03 and a beta of 1.96.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, October 26th. The network technology company reported $2.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.94 by $0.17. The firm had revenue of $525.30 million for the quarter, compared to analysts’ expectations of $520.45 million. F5 Networks had a net margin of 18.34% and a return on equity of 31.79%. The company’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.84 earnings per share.

Several large investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake in shares of F5 Networks by 41.2% in the first quarter. JPMorgan Chase & Co. now owns 192,583 shares of the network technology company’s stock worth $20,384,000 after buying an additional 56,238 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of F5 Networks by 43,569.3% in the first quarter. Canada Pension Plan Investment Board now owns 32,752 shares of the network technology company’s stock worth $3,467,000 after buying an additional 32,677 shares during the last quarter. State Street Corp boosted its stake in shares of F5 Networks by 11.9% in the first quarter. State Street Corp now owns 3,389,202 shares of the network technology company’s stock worth $358,752,000 after buying an additional 359,112 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of F5 Networks by 345.3% in the first quarter. Meeder Asset Management Inc. now owns 5,927 shares of the network technology company’s stock worth $627,000 after buying an additional 4,596 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of F5 Networks by 2.7% in the first quarter. Geode Capital Management LLC now owns 665,984 shares of the network technology company’s stock worth $70,372,000 after buying an additional 17,617 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Scot Frazier Rogers sold 1,607 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $122.92, for a total transaction of $197,532.44. Following the sale, the executive vice president now owns 6,653 shares of the company’s stock, valued at approximately $817,786.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Andrew Reinland sold 5,674 shares of the firm’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $122.94, for a total transaction of $697,561.56. Following the sale, the chief financial officer now directly owns 16,935 shares in the company, valued at approximately $2,081,988.90. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

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