F5 Networks’ (FFIV) “Market Perform” Rating Reiterated at William Blair

William Blair reissued their market perform rating on shares of F5 Networks (NASDAQ:FFIV) in a research report sent to investors on Tuesday morning.

A number of other equities analysts also recently weighed in on FFIV. Zacks Investment Research reaffirmed a buy rating and set a $189.00 target price on shares of F5 Networks in a research note on Tuesday, November 13th. BidaskClub raised shares of F5 Networks from a hold rating to a buy rating in a research note on Thursday, December 20th. Credit Suisse Group reaffirmed a buy rating and set a $218.00 target price on shares of F5 Networks in a research note on Thursday, December 20th. ValuEngine downgraded shares of F5 Networks from a buy rating to a hold rating in a research note on Thursday, January 17th. Finally, Piper Jaffray Companies reiterated an underweight rating and set a $157.00 price target on shares of F5 Networks in a report on Thursday, January 24th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $169.05.

Shares of NASDAQ FFIV opened at $153.18 on Tuesday. F5 Networks has a fifty-two week low of $138.67 and a fifty-two week high of $199.71. The company has a market cap of $8.90 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 1.92 and a beta of 0.94.

F5 Networks (NASDAQ:FFIV) last announced its earnings results on Wednesday, January 23rd. The network technology company reported $2.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.53 by $0.17. F5 Networks had a net margin of 22.74% and a return on equity of 40.12%. The business had revenue of $543.80 million during the quarter, compared to the consensus estimate of $547.39 million. During the same quarter last year, the firm earned $2.26 earnings per share. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that F5 Networks will post 8.62 EPS for the current fiscal year.

In related news, EVP Thomas Dean Fountain sold 545 shares of the firm’s stock in a transaction that occurred on Tuesday, February 19th. The shares were sold at an average price of $170.68, for a total value of $93,020.60. Following the sale, the executive vice president now owns 1,308 shares in the company, valued at $223,249.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Chad Michael Whalen sold 150 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $166.75, for a total transaction of $25,012.50. Following the completion of the sale, the executive vice president now owns 436 shares in the company, valued at approximately $72,703. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,469 shares of company stock worth $2,339,402. Corporate insiders own 0.22% of the company’s stock.

A number of hedge funds have recently modified their holdings of FFIV. US Bancorp DE boosted its holdings in F5 Networks by 8.0% in the third quarter. US Bancorp DE now owns 15,478 shares of the network technology company’s stock worth $3,086,000 after purchasing an additional 1,140 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in F5 Networks by 15.9% in the third quarter. Victory Capital Management Inc. now owns 23,934 shares of the network technology company’s stock worth $4,773,000 after purchasing an additional 3,288 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of F5 Networks by 29.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 4,897 shares of the network technology company’s stock worth $977,000 after acquiring an additional 1,100 shares during the last quarter. Penserra Capital Management LLC boosted its stake in shares of F5 Networks by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 3,588 shares of the network technology company’s stock worth $715,000 after acquiring an additional 507 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of F5 Networks by 50.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,013 shares of the network technology company’s stock worth $1,788,000 after acquiring an additional 3,012 shares during the last quarter. Institutional investors own 97.15% 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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Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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