F5 Networks (NASDAQ:FFIV) Price Target Cut to $188.00

F5 Networks (NASDAQ:FFIV) had its price objective decreased by equities research analysts at Credit Suisse Group from $211.00 to $188.00 in a research note issued to investors on Thursday, The Fly reports. The firm presently has an “outperform” rating on the network technology company’s stock. Credit Suisse Group’s target price would indicate a potential upside of 27.05% from the stock’s current price.

FFIV has been the topic of a number of other reports. BidaskClub raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Thursday, June 20th. ValuEngine lowered Xylem from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Nomura raised F5 Networks from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $155.00 to $180.00 in a research report on Monday, April 1st. Piper Jaffray Companies raised F5 Networks from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $157.00 to $163.00 in a research report on Friday, March 29th. Finally, Goldman Sachs Group reaffirmed a “hold” rating and set a $8.40 target price on shares of Deutsche Bank in a research report on Monday, July 8th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $168.32.

NASDAQ:FFIV opened at $147.97 on Thursday. The firm has a 50-day moving average of $142.33. F5 Networks has a 12 month low of $131.53 and a 12 month high of $199.71. The stock has a market capitalization of $8.65 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 2.01 and a beta of 1.04.

F5 Networks (NASDAQ:FFIV) last released its quarterly earnings data on Wednesday, April 24th. The network technology company reported $2.04 EPS for the quarter, beating the consensus estimate of $2.03 by $0.01. F5 Networks had a return on equity of 39.13% and a net margin of 22.91%. The company had revenue of $544.90 million for the quarter, compared to analyst estimates of $547.03 million. During the same period last year, the company posted $2.31 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. Equities research analysts expect that F5 Networks will post 8.59 EPS for the current fiscal year.

In related news, CEO Francois Locoh-Donou sold 4,001 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $151.58, for a total value of $606,471.58. Following the completion of the sale, the chief executive officer now directly owns 32,041 shares of the company’s stock, valued at $4,856,774.78. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Thomas Dean Fountain sold 188 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $143.61, for a total value of $26,998.68. Following the completion of the sale, the executive vice president now directly owns 1,729 shares of the company’s stock, valued at $248,301.69. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,168 shares of company stock valued at $1,546,472. 0.22% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the stock. Atlas Capital Advisors LLC boosted its stake in F5 Networks by 306.5% in the first quarter. Atlas Capital Advisors LLC now owns 187 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 141 shares during the period. Global Trust Asset Management LLC acquired a new position in F5 Networks in the first quarter valued at approximately $41,000. grace capital acquired a new position in F5 Networks in the fourth quarter valued at approximately $49,000. Tortoise Index Solutions LLC acquired a new position in F5 Networks in the first quarter valued at approximately $66,000. Finally, Omnia Family Wealth LLC boosted its stake in F5 Networks by 43.8% in the fourth quarter. Omnia Family Wealth LLC now owns 450 shares of the network technology company’s stock valued at $73,000 after acquiring an additional 137 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

F5 Networks Company Profile

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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