November 25, 2016 - By Peter Erickson · 0 Comments
F5 Networks Inc (NASDAQ:FFIV) institutional sentiment decreased to 0.83 in 2016 Q2. Its down -0.08, from 0.91 in 2016Q1. The ratio dropped, as 200 hedge funds opened new and increased positions, while 219 sold and decreased their holdings in F5 Networks Inc. The hedge funds in our partner’s database now have: 61.59 million shares, down from 65.84 million shares in 2016Q1. Also, the number of hedge funds holding F5 Networks Inc in their top 10 positions increased from 4 to 6 for an increase of 2. Sold All: 29 Reduced: 190 Increased: 141 New Position: 59.
F5 Networks, Inc. is a developer and well-known provider of software defined application services. The company has a market cap of $9.42 billion. The Firm is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems. It has a 26.71 P/E ratio. The Company’s geographical divisions include the Americas ; Europe, the Middle East, and Africa (EMEA); Japan, and the Asia Pacific region (APAC).
The stock increased 0.15% or $0.22 during the last trading session, hitting $144.12. About 237,903 shares traded hands. F5 Networks, Inc. (NASDAQ:FFIV) has risen 37.68% since April 22, 2016 and is uptrending. It has outperformed by 32.27% the S&P500.
Analysts await F5 Networks, Inc. (NASDAQ:FFIV) to report earnings on January, 25 after the close. They expect $1.53 EPS, up 15.91% or $0.21 from last year’s $1.32 per share. FFIV’s profit will be $100.00 million for 23.55 P/E if the $1.53 EPS becomes a reality. After $1.69 actual EPS reported by F5 Networks, Inc. for the previous quarter, Wall Street now forecasts -9.47% negative EPS growth.
According to Zacks Investment Research, “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.”
Blue Harbour Group L.P. holds 4.56% of its portfolio in F5 Networks, Inc. for 966,742 shares. Cognios Capital Llc owns 98,723 shares or 3.57% of their US portfolio. Moreover, S&T Bank Pa has 2.78% invested in the company for 149,239 shares. The United Kingdom-based River & Mercantile Asset Management Llp has invested 2.77% in the stock. Quantum Capital Management, a California-based fund reported 161,100 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 16 selling transactions for $10.21 million net activity.
Ratings analysis reveals 19% of F5 Networks Inc.’s analysts are positive. Out of 31 Wall Street analysts rating F5 Networks Inc., 6 give it “Buy”, 1 “Sell” rating, while 24 recommend “Hold”. The lowest target is $93 while the high is $153. The stock’s average target of $114.30 is -20.69% below today’s ($144.12) share price. FFIV was included in 65 notes of analysts from July 24, 2015. On Thursday, January 14 the stock rating was downgraded by Barclays Capital to “Underweight”. Nomura downgraded F5 Networks, Inc. (NASDAQ:FFIV) on Wednesday, December 9 to “Reduce” rating. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, April 21 report. Credit Suisse downgraded it to “Neutral” rating and $125 target price in Thursday, July 21 report. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, October 13. The stock of F5 Networks, Inc. (NASDAQ:FFIV) earned “Buy” rating by Drexel Hamilton on Friday, October 9. William Blair downgraded the shares of FFIV in a report on Friday, November 13 to “Market Perform” rating. On Thursday, April 21 the stock rating was maintained by Citigroup with “Neutral”. The firm has “Buy” rating given on Thursday, August 20 by Zacks. Guggenheim downgraded F5 Networks, Inc. (NASDAQ:FFIV) on Tuesday, September 22 to “Neutral” rating.
F5 Networks, Inc., incorporated on February 26, 1996, is a developer and well-known provider of software defined application services. The Firm is engaged in the development, marketing and sale of application delivery networking products that optimize the security, performance and availability of network applications, servers and storage systems. The Company’s geographical divisions include the Americas (primarily the United States); Europe, the Middle East, and Africa (EMEA); Japan, and the Asia Pacific region (APAC). The Company’s Traffic Management Operating System (TMOS) based offerings include software products for local and global traffic management, network and application security, access management, Web acceleration and various network and application services. These products are available as modules that can run individually or as part of an integrated solution on the Company’s purpose-built BIG-IP appliances and VIPRION chassis hardware, or as software-only Virtual Editions. The Firm also offers distributed denial-of-service (DDoS) protection, application security and other application services by subscription on its cloud Silverline platform.
More recent F5 Networks, Inc. (NASDAQ:FFIV) news were published by: Fool.com which released: “How F5 Networks, Inc. Gained 11% in October” on November 13, 2016. Also Fool.com published the news titled: “Why F5 Networks, Inc. Jumped This Morning” on October 27, 2016. Profitconfidential.com‘s news article titled: “F5 Networks, Inc.: This Is Why FFIV Stock Can Soar to $190” with publication date: November 01, 2016 was also an interesting one.
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By Peter Erickson