F5 Networks, Inc. (FFIV) Receives $135.35 Consensus Target Price from Analysts

Shares of F5 Networks, Inc. (NASDAQ:FFIV) have earned a consensus recommendation of “Hold” from the twenty-four ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $135.35.

A number of analysts have weighed in on FFIV shares. Morgan Stanley cut their price objective on shares of F5 Networks from $130.00 to $120.00 and set an “equal weight” rating on the stock in a report on Monday, October 9th. Drexel Hamilton reissued a “buy” rating and set a $160.00 price objective on shares of F5 Networks in a report on Monday, October 23rd. Nomura cut their price objective on shares of F5 Networks from $120.00 to $115.00 and set a “neutral” rating on the stock in a report on Monday, October 16th. Standpoint Research started coverage on shares of F5 Networks in a report on Monday, October 2nd. They set an “accumulate” rating and a $160.00 price objective on the stock. Finally, Oppenheimer reissued a “hold” rating on shares of F5 Networks in a report on Tuesday, October 3rd.

In other news, CEO Francois Locoh-Donou sold 1,714 shares of the firm’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 transaction of $205,457.18. Following the transaction, the chief executive officer now directly owns 2,119 shares in the company, valued at $254,004.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Benjamin Gibson sold 932 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $119.52, for a total transaction of $111,392.64. Following the transaction, the chief marketing officer now owns 1,651 shares in the company, valued at $197,327.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,712 shares of company stock worth $4,316,345. Insiders own 0.26% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Koch Industries Inc. purchased a new position in shares of F5 Networks during the second quarter worth approximately $832,000. Macquarie Group Ltd. grew its position in F5 Networks by 21.1% in the 3rd quarter. Macquarie Group Ltd. now owns 6,900 shares of the network technology company’s stock valued at $831,000 after buying an additional 1,200 shares during the last quarter. California Public Employees Retirement System grew its position in F5 Networks by 3.4% in the 3rd quarter. California Public Employees Retirement System now owns 168,309 shares of the network technology company’s stock valued at $20,291,000 after buying an additional 5,509 shares during the last quarter. Laurion Capital Management LP purchased a new position in F5 Networks in the 2nd quarter valued at $2,115,000. Finally, SG Americas Securities LLC grew its position in F5 Networks by 80.6% in the 3rd quarter. SG Americas Securities LLC now owns 15,205 shares of the network technology company’s stock valued at $1,833,000 after buying an additional 6,786 shares during the last quarter. Institutional investors and hedge funds own 94.65% of the company’s stock.

Shares of F5 Networks (NASDAQ:FFIV) traded up $2.30 during trading hours on Friday, reaching $141.06. 916,819 shares of the company traded hands, compared to its average volume of 630,609. The firm has a market capitalization of $8,960.00, a PE ratio of 21.67, a price-to-earnings-growth ratio of 2.21 and a beta of 1.06. F5 Networks has a 52-week low of $114.63 and a 52-week high of $149.50.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, October 25th. The network technology company reported $2.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $534.71 million. During the same quarter last year, the company earned $2.11 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. sell-side analysts predict that F5 Networks will post 6.74 EPS for the current fiscal year.

F5 Networks declared that its Board of Directors has initiated a share repurchase program on Wednesday, October 25th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the network technology company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

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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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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