The Brokerages Set F5 Networks Inc. (NASDAQ:FFIV) PT at $115.49

The Brokerages Set F5 Networks Inc. (NASDAQ:FFIV) PT at $115.49

F5 Networks Inc. (NASDAQ:FFIV) has received a consensus recommendation of “Hold” from the forty-one brokerages that are covering the firm. Two analysts have rated the stock with a sell recommendation, twenty-two have given a hold recommendation, sixteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $115.49.

A number of equities research analysts recently issued reports on the stock. MKM Partners lifted their price target on shares of F5 Networks from $118.00 to $133.00 and gave the company a “neutral” rating in a research note on Thursday, July 21st. BMO Capital Markets reissued a “market perform” rating and issued a $125.00 price target (up previously from $104.00) on shares of F5 Networks in a research note on Friday, July 22nd. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of F5 Networks in a research note on Thursday, July 21st. Jefferies Group reissued a “hold” rating on shares of F5 Networks in a research note on Tuesday, July 5th. Finally, 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 note on Friday, August 12th.

In other news, EVP Scot Frazier Rogers sold 1,607 shares of the company’s stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $122.92, for a total transaction of $197,532.44. Following the completion of the sale, the executive vice president now owns 6,653 shares in the company, valued at $817,786.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Deborah L. Bevier sold 6,229 shares of the company’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $123.60, for a total value of $769,904.40. Following the sale, the director now owns 5,412 shares of the company’s stock, valued at approximately $668,923.20. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Several large investors have recently added to or reduced their stakes in FFIV. State Street Corp boosted its stake in F5 Networks by 0.6% in the second quarter. State Street Corp now owns 3,410,135 shares of the network technology company’s stock valued at $388,206,000 after buying an additional 20,933 shares during the period. Swedbank raised its position in shares of F5 Networks by 6.5% in the second quarter. Swedbank now owns 2,676,975 shares of the network technology company’s stock worth $304,747,000 after buying an additional 163,523 shares in the last quarter. First Eagle Investment Management LLC raised its position in shares of F5 Networks by 0.3% in the second quarter. First Eagle Investment Management LLC now owns 1,531,980 shares of the network technology company’s stock worth $174,401,000 after buying an additional 5,151 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of F5 Networks by 5.3% in the first quarter. Renaissance Technologies LLC now owns 1,087,274 shares of the network technology company’s stock worth $115,088,000 after buying an additional 55,200 shares in the last quarter. Finally, Bank of Montreal Can acquired a new position in shares of F5 Networks during the second quarter worth $118,505,000. Institutional investors and hedge funds own 94.78% of the company’s stock.

F5 Networks (NASDAQ:FFIV) opened at 124.14 on Friday. The firm’s 50-day moving average is $122.16 and its 200-day moving average is $114.32. The company has a market cap of $8.22 billion, a PE ratio of 24.27 and a beta of 1.96. F5 Networks has a 52-week low of $86.03 and a 52-week high of $127.13.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, July 20th. The network technology company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.02. The business had revenue of $496.50 million for the quarter, compared to analysts’ expectations of $495.48 million. F5 Networks had a net margin of 17.96% and a return on equity of 29.95%. The business’s revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the company earned $1.67 EPS. On average, equities research analysts anticipate that F5 Networks will post $7.14 EPS for the current year.

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