TheStreet lowered shares of F5 Networks (NASDAQ:FFIV) from a b- rating to a c+ rating in a research report released on Monday, TheStreetRatingsTable reports.

FFIV has been the topic of a number of other research reports. Credit Suisse Group raised their target price on F5 Networks from $170.00 to $183.00 and gave the company an outperform rating in a report on Tuesday, July 28th. Colliers Secur. raised F5 Networks from a neutral rating to a buy rating and set a $170.00 price objective on the stock in a report on Wednesday, July 15th. Royal Bank of Canada lifted their price objective on F5 Networks from $135.00 to $154.00 and gave the stock a sector perform rating in a report on Monday, July 27th. Wolfe Research started coverage on F5 Networks in a report on Friday, July 24th. They set an outperform rating and a $190.00 price objective on the stock. Finally, Colliers Securities raised F5 Networks from a neutral rating to a buy rating and set a $170.00 price objective on the stock in a report on Wednesday, July 15th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $159.00.

FFIV opened at $123.26 on Monday. The firm has a market capitalization of $7.54 billion, a P/E ratio of 23.13, a price-to-earnings-growth ratio of 1.55 and a beta of 0.98. The stock’s 50 day moving average price is $132.37 and its two-hundred day moving average price is $131.31. The company has a quick ratio of 1.30, a current ratio of 1.32 and a debt-to-equity ratio of 0.17. F5 Networks has a 12-month low of $79.78 and a 12-month high of $156.36.

F5 Networks (NASDAQ:FFIV) last released its earnings results on Monday, July 27th. The network technology company reported $2.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.03 by $0.15. The firm had revenue of $583.25 million for the quarter, compared to analyst estimates of $572.00 million. F5 Networks had a return on equity of 21.69% and a net margin of 13.95%. The company’s revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.52 EPS. As a group, analysts anticipate that F5 Networks will post 6.75 earnings per share for the current year.

In other F5 Networks news, CEO Francois Locoh-Donou sold 1,050 shares of F5 Networks stock in a transaction on Monday, July 20th. The stock was sold at an average price of $150.40, for a total value of $157,920.00. Following the completion of the transaction, the chief executive officer now owns 54,700 shares in the company, valued at approximately $8,226,880. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Thomas Dean Fountain acquired 8,060 shares of the business’s stock in a transaction on Thursday, July 30th. The stock was acquired at an average price of $136.52 per share, with a total value of $1,100,351.20. Following the transaction, the executive vice president now owns 10,581 shares in the company, valued at approximately $1,444,518.12. The disclosure for this purchase can be found here. Insiders have sold a total of 3,021 shares of company stock valued at $427,683 in the last 90 days. 0.34% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. IFP Advisors Inc raised its position in F5 Networks by 95.0% in the 2nd quarter. IFP Advisors Inc now owns 197 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 96 shares during the last quarter. Winslow Evans & Crocker Inc. bought a new position in F5 Networks in the 2nd quarter valued at $28,000. Cornerstone Advisors Inc. raised its position in F5 Networks by 53.6% in the 2nd quarter. Cornerstone Advisors Inc. now owns 301 shares of the network technology company’s stock valued at $42,000 after purchasing an additional 105 shares during the last quarter. CWM Advisors LLC bought a new stake in shares of F5 Networks during the first quarter worth $42,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of F5 Networks during the first quarter worth $46,000. Hedge funds and other institutional investors own 94.21% 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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