F5 Networks, Inc. (NASDAQ:FFIV) – Equities researchers at Colliers Secur. boosted their FY2020 earnings estimates for shares of F5 Networks in a note issued to investors on Tuesday, July 28th. Colliers Secur. analyst C. Trebnick now expects that the network technology company will post earnings per share of $6.66 for the year, up from their previous forecast of $6.41. Colliers Secur. has a “Buy” rating and a $170.00 price target on the stock. Colliers Secur. also issued estimates for F5 Networks’ Q4 2020 earnings at ($3.04) EPS and FY2021 earnings at $6.90 EPS.
Several other equities research analysts have also weighed in on FFIV. Nomura Instinet increased their price objective on shares of F5 Networks from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Tuesday, April 28th. Barclays increased their price target on F5 Networks from $144.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 28th. Nomura raised their price target on F5 Networks from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Tuesday, April 28th. Citigroup increased their target price on F5 Networks from $112.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, MKM Partners boosted their price target on shares of F5 Networks from $144.00 to $152.00 in a report on Tuesday, April 28th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $159.76.
F5 Networks stock opened at $135.90 on Friday. F5 Networks has a 1 year low of $79.78 and a 1 year high of $156.36. The firm’s 50-day moving average is $141.68 and its 200-day moving average is $130.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.10 and a current ratio of 1.32. The company has a market cap of $8.26 billion, a P/E ratio of 25.50, a PEG ratio of 1.74 and a beta of 1.09.
F5 Networks (NASDAQ:FFIV) last announced its quarterly earnings data on Monday, July 27th. The network technology company reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.03 by $0.15. The firm had revenue of $583.25 million for the quarter, compared to analysts’ expectations of $572.00 million. F5 Networks had a return on equity of 21.69% and a net margin of 13.95%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period last year, the business posted $2.52 earnings per share.
In other news, CEO Francois Locoh-Donou sold 5,040 shares of F5 Networks stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $132.16, for a total value of $666,086.40. Following the transaction, the chief executive officer now owns 56,500 shares of the company’s stock, valued at approximately $7,467,040. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Francis J. Pelzer sold 1,317 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $132.16, for a total transaction of $174,054.72. Following the completion of the sale, the chief financial officer now owns 13,116 shares in the company, valued at $1,733,410.56. The disclosure for this sale can be found here. Insiders sold a total of 9,494 shares of company stock worth $1,279,727 in the last three months. Company insiders own 0.34% of the company’s stock.
Large investors have recently made changes to their positions in the company. Altshuler Shaham Ltd bought a new stake in shares of F5 Networks during the 1st quarter worth $682,000. Clarius Group LLC purchased a new stake in shares of F5 Networks during the second quarter valued at $250,000. Franklin Resources Inc. boosted its position in shares of F5 Networks by 1,122.1% in the 1st quarter. Franklin Resources Inc. now owns 789,662 shares of the network technology company’s stock valued at $84,209,000 after purchasing an additional 725,047 shares during the period. PGGM Investments purchased a new position in F5 Networks in the 2nd quarter worth about $3,260,000. Finally, APG Asset Management N.V. increased its stake in F5 Networks by 46.8% in the 1st quarter. APG Asset Management N.V. now owns 87,524 shares of the network technology company’s stock worth $9,333,000 after purchasing an additional 27,900 shares in the last quarter. Institutional investors own 91.99% 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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