F5 Networks (NASDAQ:FFIV) had its price target lifted by analysts at Royal Bank of Canada to $160.00 in a research note issued to investors on Thursday. The brokerage presently has a “sector perform” rating on the network technology company’s stock. Royal Bank of Canada’s price objective would suggest a potential downside of 0.52% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. BMO Capital Markets raised their target price on F5 Networks from $166.00 to $169.00 and gave the stock an “outperform” rating in a report on Thursday. DA Davidson raised their target price on F5 Networks to $181.00 and gave the stock a “buy” rating in a report on Thursday. Nomura reduced their target price on F5 Networks to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, April 18th. BidaskClub upgraded F5 Networks from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 17th. Finally, ValuEngine upgraded F5 Networks from a “hold” rating to a “buy” rating in a report on Friday, April 13th. Two investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $146.63.

F5 Networks stock opened at $160.84 on Thursday. The stock has a market capitalization of $9,713.91, a P/E ratio of 24.90, a PEG ratio of 2.36 and a beta of 1.06. F5 Networks has a 12-month low of $114.63 and a 12-month high of $161.99.

F5 Networks (NASDAQ:FFIV) last issued its earnings results on Wednesday, April 25th. The network technology company reported $2.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.04. F5 Networks had a return on equity of 37.06% and a net margin of 20.43%. The firm had revenue of $533.30 million for the quarter, compared to analysts’ expectations of $529.95 million. During the same quarter last year, the business earned $1.95 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. equities analysts forecast that F5 Networks will post 7.32 EPS for the current year.

In related news, CFO Andrew Reinland sold 12,963 shares of F5 Networks stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $148.01, for a total value of $1,918,653.63. Following the sale, the chief financial officer now owns 515 shares of the company’s stock, valued at approximately $76,225.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Scot Frazier Rogers sold 2,738 shares of F5 Networks stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $144.83, for a total value of $396,544.54. Following the completion of the sale, the executive vice president now directly owns 9,072 shares in the company, valued at approximately $1,313,897.76. The disclosure for this sale can be found here. In the last three months, insiders sold 50,172 shares of company stock worth $7,274,542. 0.26% of the stock is owned by insiders.

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its position in F5 Networks by 7.5% in the 4th quarter. BlackRock Inc. now owns 4,543,458 shares of the network technology company’s stock valued at $596,195,000 after buying an additional 317,414 shares during the last quarter. Reinhart Partners Inc. raised its position in F5 Networks by 31.0% in the 4th quarter. Reinhart Partners Inc. now owns 189,758 shares of the network technology company’s stock valued at $24,900,000 after buying an additional 44,853 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in F5 Networks by 89.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,349 shares of the network technology company’s stock valued at $405,000 after buying an additional 1,578 shares during the last quarter. Swiss National Bank raised its position in F5 Networks by 13.2% in the 4th quarter. Swiss National Bank now owns 269,864 shares of the network technology company’s stock valued at $35,412,000 after buying an additional 31,400 shares during the last quarter. Finally, Sawgrass Asset Management LLC raised its position in F5 Networks by 57.0% in the 4th quarter. Sawgrass Asset Management LLC now owns 294,200 shares of the network technology company’s stock valued at $38,605,000 after buying an additional 106,780 shares during the last quarter. 95.41% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

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