Zacks Investment Research lowered shares of F5 Networks Inc. (NASDAQ:FFIV) from a buy rating to a hold rating in a report issued on Monday.

According to Zacks, “F5 Networks Inc. is a leading provider of integrated Internet traffic and content management solutions designed to improve the availability and performance of mission-critical Internet-based servers and applications. The company’s products monitor and manage local and geographically dispersed servers and intelligently direct traffic to the server best able to handle a user’s request. The products are designed to help prevent system failure and provide timely responses to user requests and data flow. “

Several other research analysts have also weighed in on the company. Wunderlich upped their price target on F5 Networks from $110.00 to $130.00 and gave the company a hold rating in a research report on Thursday, October 27th. Piper Jaffray Cos. raised F5 Networks from a neutral rating to an overweight rating and upped their price target for the company from $125.00 to $141.00 in a research report on Thursday, October 27th. DA Davidson upped their price target on F5 Networks from $125.34 to $145.00 and gave the company a buy rating in a research report on Friday, August 12th. Drexel Hamilton reissued a buy rating and set a $160.00 price target on shares of F5 Networks in a research report on Friday, November 18th. Finally, Oppenheimer Holdings Inc. raised F5 Networks from a market perform rating to an outperform rating and set a $140.00 price target on the stock in a research report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. F5 Networks presently has a consensus rating of Hold and a consensus target price of $121.32.

Analyst Recommendations for F5 Networks (NASDAQ:FFIV)

F5 Networks (NASDAQ:FFIV) opened at 140.75 on Monday. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of 26.16 and a beta of 1.38. The company’s 50-day moving average price is $131.93 and its 200 day moving average price is $122.12. F5 Networks has a 52-week low of $86.03 and a 52-week high of $144.28.

F5 Networks (NASDAQ:FFIV) last posted its quarterly earnings results on Wednesday, October 26th. The network technology company reported $2.11 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.17. The firm had revenue of $525.30 million for the quarter, compared to analyst estimates of $520.45 million. F5 Networks had a return on equity of 31.79% and a net margin of 18.34%. F5 Networks’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.84 earnings per share. Equities research analysts predict that F5 Networks will post $8.26 earnings per share for the current year.

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In other news, Director Alan Higginson sold 3,000 shares of the business’s stock in a transaction dated Tuesday, November 8th. The stock was sold at an average price of $137.49, for a total value of $412,470.00. Following the sale, the director now directly owns 13,310 shares in the company, valued at $1,829,991.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Andrew Reinland sold 2,932 shares of the business’s stock in a transaction dated Wednesday, November 2nd. The shares were sold at an average price of $135.86, for a total value of $398,341.52. Following the completion of the sale, the chief financial officer now owns 17,964 shares in the company, valued at $2,440,589.04. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the stock. State Street Corp raised its stake in shares of F5 Networks by 0.6% in the second quarter. State Street Corp now owns 3,410,135 shares of the network technology company’s stock worth $388,206,000 after buying an additional 20,933 shares during the period. Swedbank raised its stake in shares of F5 Networks by 6.5% in the second quarter. Swedbank now owns 2,676,975 shares of the network technology company’s stock worth $304,747,000 after buying an additional 163,523 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of F5 Networks by 4.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,903,863 shares of the network technology company’s stock worth $237,297,000 after buying an additional 87,743 shares during the period. First Eagle Investment Management LLC raised its stake in shares of F5 Networks by 0.3% in the second quarter. First Eagle Investment Management LLC now owns 1,531,980 shares of the network technology company’s stock worth $174,401,000 after buying an additional 5,151 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of F5 Networks by 63.7% in the third quarter. Ameriprise Financial Inc. now owns 1,277,648 shares of the network technology company’s stock worth $159,248,000 after buying an additional 497,300 shares during the period. Institutional investors own 92.61% of the company’s stock.

About F5 Networks

F5 Networks, Inc is the developer and provider of application delivery services. The Company’s core technology is a full-proxy, programmable, software platform called TMOS (Traffic Management Operating System). It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.

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