F5 Networks, Inc. (NASDAQ:FFIV) has earned an average rating of “Hold” from the twenty-six research firms that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $168.83.
A number of research analysts recently weighed in on the stock. BidaskClub raised shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 17th. Credit Suisse Group assumed coverage on shares of F5 Networks in a research report on Wednesday, May 9th. They set an “outperform” rating and a $188.00 price target on the stock. BMO Capital Markets reissued a “buy” rating and set a $188.00 price target on shares of F5 Networks in a research report on Thursday, July 26th. Piper Jaffray Companies restated a “hold” rating and set a $168.00 price objective on shares of F5 Networks in a report on Thursday, July 26th. Finally, MKM Partners raised their price objective on shares of F5 Networks to $178.00 and gave the stock a “neutral” rating in a report on Thursday, July 26th.
Shares of F5 Networks traded up $0.07, reaching $179.98, during trading hours on Tuesday, according to Marketbeat Ratings. 344,830 shares of the stock traded hands, compared to its average volume of 723,207. F5 Networks has a 52 week low of $114.63 and a 52 week high of $183.27. The firm has a market capitalization of $10.94 billion, a P/E ratio of 23.58, a PEG ratio of 2.56 and a beta of 0.77.
In other news, Director Jonathan Chadwick sold 2,540 shares of the business’s stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $170.64, for a total value of $433,425.60. Following the completion of the sale, the director now directly owns 7,969 shares in the company, valued at approximately $1,359,830.16. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Francois Locoh-Donou sold 6,666 shares of the business’s stock in a transaction that occurred on Monday, June 11th. The stock was sold at an average price of $177.13, for a total transaction of $1,180,748.58. Following the completion of the sale, the chief executive officer now owns 10,037 shares of the company’s stock, valued at $1,777,853.81. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,314 shares of company stock valued at $4,933,393. 0.26% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Unigestion Holding SA purchased a new position in F5 Networks during the 2nd quarter valued at $33,965,000. Providence Capital Advisors LLC grew its position in shares of F5 Networks by 4.5% in the 1st quarter. Providence Capital Advisors LLC now owns 12,955 shares of the network technology company’s stock worth $1,873,000 after buying an additional 559 shares during the period. State of Alaska Department of Revenue boosted its stake in F5 Networks by 27.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 17,512 shares of the network technology company’s stock worth $3,018,000 after purchasing an additional 3,740 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in F5 Networks by 20.7% in the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,115 shares of the network technology company’s stock worth $306,000 after purchasing an additional 362 shares in the last quarter. Finally, Old Mutual Global Investors UK Ltd. boosted its stake in F5 Networks by 21.2% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 1,263,975 shares of the network technology company’s stock worth $182,783,000 after purchasing an additional 221,067 shares in the last quarter. Hedge funds and other institutional investors own 94.31% of the company’s stock.
About F5 Networks
F5 Networks, Inc develops, markets, and sells application delivery networking products that optimize the security, performance, and availability of network applications, servers, and storage systems. The company's primary application delivery technology is Traffic Management Operating System (TMOS) that enable company's products to intercept, inspect, and act on the contents of traffic from virtually each type of Internet Protocol-enabled application.
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