F5 Networks (FFIV) Given Sell Rating at Deutsche Bank

Deutsche Bank restated their sell rating on shares of F5 Networks (NASDAQ:FFIV) in a research report report published on Friday morning.

A number of other equities research analysts also recently commented on the company. Morgan Stanley decreased their target price on F5 Networks from $130.00 to $120.00 and set an equal weight rating for the company in a report on Monday, October 9th. Drexel Hamilton reaffirmed a buy rating and set a $160.00 target price on shares of F5 Networks in a report on Monday, October 23rd. Nomura decreased their target price on F5 Networks from $120.00 to $115.00 and set a neutral rating for the company in a report on Monday, October 16th. Standpoint Research started coverage on F5 Networks in a report on Monday, October 2nd. They set an accumulate rating and a $160.00 target price for the company. Finally, Oppenheimer reaffirmed a hold rating on shares of F5 Networks in a report on Tuesday, October 3rd. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $127.76.

Shares of F5 Networks (NASDAQ FFIV) opened at $136.18 on Friday. F5 Networks has a twelve month low of $114.63 and a twelve month high of $149.50. The company has a market capitalization of $8,590.00, a PE ratio of 20.92, a P/E/G ratio of 2.18 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Wednesday, October 25th. The network technology company reported $2.44 EPS for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.24. F5 Networks had a return on equity of 34.70% and a net margin of 20.13%. The firm had revenue of $538.00 million during the quarter, compared to the consensus estimate of $534.71 million. During the same quarter in the previous year, the company posted $2.11 earnings per share. The company’s revenue was up 2.4% compared to the same quarter last year. research analysts predict that F5 Networks will post 6.7 earnings per share for the current fiscal year.

F5 Networks declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the network technology company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s management believes its shares are undervalued.

In related news, CFO Andrew Reinland sold 2,241 shares of F5 Networks stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $121.03, for a total transaction of $271,228.23. Following the completion of the transaction, the chief financial officer now directly owns 15,369 shares in the company, valued at $1,860,110.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Francois Locoh-Donou sold 1,714 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $119.87, for a total value of $205,457.18. Following the completion of the sale, the chief executive officer now owns 2,119 shares of the company’s stock, valued at $254,004.53. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,712 shares of company stock valued at $4,316,345. 0.26% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of F5 Networks by 0.3% in the second quarter. Vanguard Group Inc. now owns 6,416,690 shares of the network technology company’s stock valued at $815,305,000 after buying an additional 16,411 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of F5 Networks by 5.8% in the second quarter. Renaissance Technologies LLC now owns 1,740,209 shares of the network technology company’s stock valued at $221,111,000 after buying an additional 95,035 shares in the last quarter. Epoch Investment Partners Inc. increased 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. Bank of New York Mellon Corp increased its position in shares of F5 Networks by 1.9% in the third quarter. Bank of New York Mellon Corp now owns 1,410,973 shares of the network technology company’s stock valued at $170,107,000 after buying an additional 26,260 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. increased its position in shares of F5 Networks by 24.4% in the third quarter. Old Mutual Global Investors UK Ltd. now owns 1,401,720 shares of the network technology company’s stock valued at $168,991,000 after buying an additional 274,997 shares in the last quarter. Institutional investors and hedge funds own 94.66% of the company’s stock.

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About F5 Networks

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.

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