DA Davidson Reiterates $155.00 Price Target for F5 Networks (FFIV)

F5 Networks (NASDAQ:FFIV) received a $155.00 price target from investment analysts at DA Davidson in a report released on Wednesday. The brokerage currently has a “buy” rating on the network technology company’s stock. DA Davidson’s target price would indicate a potential upside of 10.30% from the company’s previous close.

A number of other equities research analysts also recently issued reports on FFIV. Zacks Investment Research raised shares of F5 Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Standpoint Research assumed coverage on shares of F5 Networks in a report on Monday, October 2nd. They issued an “accumulate” rating and a $160.00 target price for the company. Deutsche Bank reaffirmed a “sell” rating and issued a $90.00 target price (down previously from $100.00) on shares of F5 Networks in a report on Tuesday, October 3rd. Oppenheimer reaffirmed a “hold” rating on shares of F5 Networks in a report on Tuesday, October 3rd. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $125.00 target price on shares of F5 Networks in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $132.16.

Shares of F5 Networks (FFIV) opened at $140.52 on Wednesday. F5 Networks has a 1 year low of $114.63 and a 1 year high of $149.50. The stock has a market cap of $8,876.39, a price-to-earnings ratio of 21.52, a PEG ratio of 2.19 and a beta of 1.06.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings data on Wednesday, October 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.20 by $0.24. F5 Networks had a net margin of 20.13% and a return on equity of 34.70%. 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 firm posted $2.11 EPS. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. equities analysts anticipate that F5 Networks will post 6.74 earnings per share for the current year.

F5 Networks declared that its board has approved 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 reacquire shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

In other F5 Networks news, CFO Andrew Reinland sold 2,241 shares of the stock in a transaction dated Wednesday, November 1st. The shares were 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 owns 15,369 shares of the company’s stock, valued at approximately $1,860,110.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Edward Julian Eames sold 15,336 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $121.06, for a total transaction of $1,856,576.16. Following the transaction, the executive vice president now directly owns 43,824 shares of the company’s stock, valued at approximately $5,305,333.44. The disclosure for this sale can be found here. Insiders have sold a total of 35,712 shares of company stock valued at $4,316,345 in the last three months. Insiders own 0.26% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of F5 Networks by 0.3% during the 2nd 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 raised its position in shares of F5 Networks by 5.8% during the 2nd 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. raised its position in shares of F5 Networks by 9.3% during the 2nd 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 raised its position in shares of F5 Networks by 1.9% during the 3rd 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. raised its position in shares of F5 Networks by 24.4% during the 3rd 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. 94.87% of the stock is owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: “DA Davidson Reiterates $155.00 Price Target for F5 Networks (FFIV)” was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another domain, it was illegally copied and republished in violation of U.S. & international trademark & copyright law. The legal version of this report can be read at https://www.com-unik.info/2018/01/17/da-davidson-reiterates-155-00-price-target-for-f5-networks-ffiv.html.

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit