Trading Report: Today, F5 Networks Inc. (FFIV) Upgrade at The Zacks Investment Research

Today, F5 Networks Inc. (FFIV) Upgrade at The Zacks Investment Research

Zacks Investment Research upgraded shares of F5 Networks Inc. (NASDAQ:FFIV) from a hold rating to a buy rating in a report published on Thursday morning. Zacks Investment Research currently has $161.00 target price on the network technology company’s stock.

According to Zacks, “F5 Networks Inc. is a leading provider of integrated Internet traffic and content management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The company’s products monitor and manage local and geographically dispersed servers and intelligently direct traffic to the server best able to handle a user’s request. The products are designed to help prevent system failure and provide timely responses to user requests and data flow. “

Several other research analysts have also issued reports on the stock. Oppenheimer Holdings Inc. upgraded shares of F5 Networks from a market perform rating to an outperform rating and set a $140.00 target price for the company in a research report on Wednesday, September 14th. Credit Suisse Group AG set a $134.00 target price on shares of F5 Networks and gave the stock a hold rating in a research report on Friday, November 18th. Drexel Hamilton reiterated a buy rating and issued a $160.00 target price (up from $155.00) on shares of F5 Networks in a research report on Friday, October 28th. Jefferies Group upped their target price on shares of F5 Networks from $110.00 to $120.00 and gave the stock a hold rating in a research report on Thursday, October 27th. Finally, BMO Capital Markets reiterated a hold rating on shares of F5 Networks in a research report on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, twenty have given a hold rating and sixteen have given a buy rating to the company’s stock. F5 Networks currently has a consensus rating of Hold and an average price target of $121.32.

Shares of F5 Networks (NASDAQ:FFIV) opened at 142.61 on Thursday. F5 Networks has a one year low of $86.03 and a one year high of $144.28. The firm’s 50-day moving average price is $131.93 and its 200-day moving average price is $122.12. The firm has a market capitalization of $9.31 billion, a P/E ratio of 26.51 and a beta of 1.38.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings results on Wednesday, October 26th. The network technology company reported $2.11 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.17. The firm earned $525.30 million during the quarter, compared to analyst estimates of $520.45 million. F5 Networks had a net margin of 18.34% and a return on equity of 31.79%. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.84 EPS. On average, equities analysts forecast that F5 Networks will post $8.26 earnings per share for the current year.

In other F5 Networks news, EVP John D. Dilullo sold 5,777 shares of F5 Networks stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $135.31, for a total value of $781,685.87. Following the completion of the transaction, the executive vice president now directly owns 10,594 shares of the company’s stock, valued at approximately $1,433,474.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Higginson sold 3,000 shares of F5 Networks stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $137.49, for a total transaction of $412,470.00. Following the completion of the transaction, the director now directly owns 13,310 shares of the company’s stock, valued at $1,829,991.90. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC boosted its position in shares of F5 Networks by 68.4% in the second quarter. Nisa Investment Advisors LLC now owns 46,827 shares of the network technology company’s stock worth $5,331,000 after buying an additional 19,027 shares during the last quarter. Capital Analysts LLC boosted its position in shares of F5 Networks by 11,634.6% in the second quarter. Capital Analysts LLC now owns 50,928 shares of the network technology company’s stock worth $1,692,000 after buying an additional 50,494 shares during the last quarter. Capstone Asset Management Co. boosted its position in shares of F5 Networks by 4.3% in the second quarter. Capstone Asset Management Co. now owns 5,153 shares of the network technology company’s stock worth $587,000 after buying an additional 211 shares during the last quarter. River & Mercantile Asset Management LLP boosted its position in shares of F5 Networks by 45.4% in the second quarter. River & Mercantile Asset Management LLP now owns 56,375 shares of the network technology company’s stock worth $6,417,000 after buying an additional 17,600 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. boosted its position in shares of F5 Networks by 0.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 22,297 shares of the network technology company’s stock worth $2,538,000 after buying an additional 209 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

F5 Networks Company Profile

F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.

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