Can analysts adopt a bullish outlook for F5 Networks, Inc. (NASDAQ:FFIV)?

Marco Green
December 18, 2017

(NASDAQ:FFIV) news were published by: which released: "CFO Moves: Spirit Airlines Inc., F5 Networks Inc., Ally Financial Inc. and ..." on December 13, 2017, also published article titled: "F5 Networks (FFIV) Shares Cross Above 200 DMA", published: "A Value Stock In The High Flying Tech Sector" on December 04, 2017. The institutional investor held 21,994 shares of the technology company at the end of 2017Q2, valued at $2.80 million, up from 18,794 at the end of the previous reported quarter.

F5 Networks announced that its board has approved a share repurchase program on Wednesday, October 25th that authorizes the company to buyback $1.00 billion in outstanding shares. About 2.47M shares traded or 197.35% up from the average.

F5 Networks (NASDAQ:FFIV) last posted its earnings results on Wednesday, October 25th. It has outperformed by 4.58% the S&P500.

Cutter & Company Brokerage Inc increased its stake in Amazon Com Inc (AMZN) by 204.73% based on its latest 2017Q2 regulatory filing with the SEC. (NASDAQ:FFIV). Millennium Mgmt Ltd Liability Company invested 0.15% of its portfolio in F5 Networks, Inc. Smead Capital Management Inc who had been investing in Ebay Inc for a number of months, seems to be less bullish one the $40.08 billion market cap company. The stock decreased 3.42% or $0.04 during the last trading session, reaching $1.13. About 16,866 shares traded or 3.38% up from the average. (NASDAQ:FFIV). Intrust Bancorporation Na invested 0.2% in F5 Networks, Inc. It has outperformed by 20.71% the S&P500.

Since August 1, 2017, it had 0 insider buys, and 9 sales for $3.31 million activity. Insiders have sold a total of 35,712 shares of company stock worth $4,316,345 over the last 90 days. Olsavsky Brian T had sold 2,334 shares worth $2.31M on Tuesday, August 15. IFP Advisors Inc boosted its stake in F5 Networks by 65.6% during the second quarter. (NASDAQ:FFIV) on Tuesday, August 1.


Investors sentiment increased to 0.99 in Q2 2017. Its up 0.05, from 0.94 in 2017Q1.

Other hedge funds also recently made changes to their positions in the company. Following the sale, the chief operating officer now owns 21,587 shares in the company, valued at $2,608,573.08. Natl Mutual Ins Federation Of Agricultural Cooperatives, Japan-based fund reported 7,000 shares. Sei Investments Co. raised its stake in shares of F5 Networks by 2.6% in the second quarter. Mirae Asset Global Invs Company Ltd has 4,902 shares. Moreover, Utah Retirement Sys has 0.04% invested in F5 Networks, Inc. (NASDAQ:FFIV). Commerzbank Aktiengesellschaft Fi reported 23,048 shares. Sawgrass Asset Limited Liability Corporation holds 1.63% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 532 shares. (NASDAQ:FFIV). Rhumbline Advisers invested 0.04% in F5 Networks, Inc. Parkside Retail Bank Trust has 8 shares for 0% of their portfolio. Reinhart Inc holds 1.91% or 150,226 shares. Apg Asset Nv reported 0.16% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) or 76,510 shares. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. analysts expect that F5 Networks, Inc. will post 6.7 earnings per share for the current fiscal year. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have issued a buy rating to the company's stock. Therefore 17% are positive. Morgan Stanley decreased their price target on shares of F5 Networks from $130.00 to $120.00 and set an "equal weight" rating for the company in a report on Monday, October 9th. Nomura decreased their price target on shares of F5 Networks from $120.00 to $115.00 and set a "neutral" rating for the company in a report on Monday, October 16th. On Thursday, November 16 the stock rating was downgraded by CLSA to "Sell". The company was maintained on Wednesday, June 8 by M Partners. The stock has "Overweight" rating by Piper Jaffray on Thursday, October 27. $359,723 worth of F5 Networks, Inc. Deutsche Bank downgraded the stock to "Sell" rating in Wednesday, March 29 report. The firm has "Market Perform" rating by JMP Securities given on Friday, November 13. (NASDAQ:FFIV). Trexquant Invest Ltd Partnership owns 3,900 shares. It also upped Star Bulk Carriers Corp stake by 109,600 shares and now owns 298,819 shares.

Among 44 analysts covering eBay Inc (NASDAQ:EBAY), 24 have Buy rating, 3 Sell and 17 Hold. Therefore 0 are positive. The stock of NetEase, Inc. 11,325 are held by Fort Washington Oh. Aegis Capital initiated eBay Inc. Aegis Capital has "Buy" rating and $36 target. The rating was downgraded by Dougherty & Company to "Neutral" on Friday, November 13. The company presently has an average rating of "Hold" and a consensus price target of $125.94. (NASDAQ:EBAY) earned "Hold" rating by Jefferies on Thursday, July 6. The rating was maintained by Goldman Sachs with "Neutral" on Thursday, April 21. Cowen reissued a "buy" rating and issued a $140.00 target price on shares of F5 Networks in a research note on Friday, October 27th.

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. $937,805 worth of eBay Inc. Its up 0.05, from 0.94 in 2017Q1. It turned negative, as 57 investors sold EBAY shares while 278 reduced holdings. 137 funds opened positions while 396 raised stakes. Suntrust Banks invested in 0.01% or 9,670 shares. Guardian Life Ins Comm Of America holds 0% or 146 shares. Gibson Benjamin sold $382,480 worth of F5 Networks, Inc. (NASDAQ:EBAY) for 78,843 shares. Profund Advsr Limited holds 2,175 shares. Stifel Nicolaus maintained the shares of ARCB in report on Tuesday, September 19 with "Hold" rating. (NASDAQ:EBAY) for 3.78 million shares. Stevens Management LP holds 79,368 shares or 0.38% of its portfolio. 128,374 are owned by Parametric Associates Ltd Liability Corporation. Mraz Amerine & reported 8,555 shares. Logan Cap Mngmt Inc holds 0.1% or 10,200 shares in its portfolio. Credit Agricole S A accumulated 94,191 shares.

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