F5 Networks (FFIV) Hits New 12-Month High at $193.91

F5 Networks, Inc. (NASDAQ:FFIV)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $193.91 and last traded at $193.06, with a volume of 6735 shares. The stock had previously closed at $193.00.

Several research firms have commented on FFIV. BMO Capital Markets reissued a “buy” rating and set a $188.00 target price on shares of F5 Networks in a research report on Thursday, July 26th. BidaskClub raised shares of F5 Networks from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Piper Jaffray Companies reissued a “hold” rating and set a $168.00 target price on shares of F5 Networks in a research report on Thursday, July 26th. MKM Partners lifted their target price on shares of F5 Networks to $178.00 and gave the stock a “neutral” rating in a research report on Thursday, July 26th. Finally, Credit Suisse Group set a $188.00 target price on shares of F5 Networks and gave the stock a “buy” rating in a research report on Monday, May 21st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $166.16.

The company has a market capitalization of $11.59 billion, a PE ratio of 30.12, a P/E/G ratio of 2.71 and a beta of 0.77.

F5 Networks (NASDAQ:FFIV) last issued its quarterly earnings results on Wednesday, July 25th. The network technology company reported $2.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.39 by $0.05. F5 Networks had a net margin of 21.37% and a return on equity of 38.57%. The company had revenue of $542.20 million during the quarter, compared to analyst estimates of $540.59 million. During the same quarter last year, the business posted $2.03 EPS. F5 Networks’s quarterly revenue was up 4.7% compared to the same quarter last year. research analysts predict that F5 Networks, Inc. will post 7.64 earnings per share for the current year.

In related news, Director Jonathan Chadwick sold 2,540 shares of F5 Networks 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 transaction, the director now directly owns 7,969 shares in the company, valued at approximately $1,359,830.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Francois Locoh-Donou sold 3,332 shares of F5 Networks stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $168.99, for a total transaction of $563,074.68. Following the completion of the transaction, the chief executive officer now owns 15,080 shares of the company’s stock, valued at $2,548,369.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,327 shares of company stock valued at $3,026,072. 0.26% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Moody Aldrich Partners LLC purchased a new position in F5 Networks in the 2nd quarter valued at approximately $54,839,000. Schroder Investment Management Group grew its stake in F5 Networks by 12.2% in the 2nd quarter. Schroder Investment Management Group now owns 356,053 shares of the network technology company’s stock valued at $61,590,000 after buying an additional 38,752 shares in the last quarter. Garde Capital Inc. purchased a new position in F5 Networks in the 2nd quarter valued at approximately $209,000. Global X Management Co LLC grew its stake in F5 Networks by 78.1% in the 2nd quarter. Global X Management Co LLC now owns 2,706 shares of the network technology company’s stock valued at $467,000 after buying an additional 1,187 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in F5 Networks by 186.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 30,572 shares of the network technology company’s stock valued at $1,466,000 after buying an additional 19,899 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

F5 Networks Company Profile (NASDAQ:FFIV)

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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