In today’s session F5 Networks, Inc. (FFIV) registered an unusually high (1,689) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious FFIV increase. With 1,689 contracts traded and 12554 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: FFIV161118C00124000 closed last at: $8.75 or 210.3% up. About 311,284 shares traded hands. F5 Networks, Inc. (NASDAQ:FFIV) has risen 28.64% since March 29, 2016 and is uptrending. It has outperformed by 25.17% the S&P500.
F5 Networks, Inc. (NASDAQ:FFIV) Ratings Coverage
Out of 31 analysts covering F5 Networks Inc. (NASDAQ:FFIV), 6 rate it a “Buy”, 2 “Sell”, while 23 “Hold”. This means 19% are positive. $153 is the highest target while $93 is the lowest. The $114.30 average target is -16.20% below today’s ($136.39) stock price. F5 Networks Inc. has been the topic of 64 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was maintained on Thursday, October 29 by Oppenheimer. Sterne Agee CRT downgraded the shares of FFIV in a report on Monday, January 18 to “Neutral” rating. The firm earned “Market Perform” rating on Friday, November 13 by JMP Securities. The firm earned “Neutral” rating on Thursday, July 21 by Credit Suisse. Drexel Hamilton initiated the stock with “Buy” rating in Friday, October 9 report. The firm has “Neutral” rating given on Friday, November 13 by Dougherty & Company. The firm has “Sector Weight” rating by Pacific Crest given on Tuesday, May 17. Pacific Crest maintained F5 Networks, Inc. (NASDAQ:FFIV) rating on Wednesday, January 13. Pacific Crest has “Overweight” rating and $109 price target. Nomura downgraded the stock to “Reduce” rating in Wednesday, December 9 report. On Friday, November 13 the stock rating was downgraded by William Blair to “Market Perform”.
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.”
Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.01, from 0.9 in 2016Q1. The ratio increased, as 29 funds sold all F5 Networks, Inc. shares owned while 190 reduced positions. 59 funds bought stakes while 141 increased positions. They now own 61.59 million shares or 6.46% less from 65.84 million shares in 2016Q1.
Bremer Tru Natl Association accumulated 0.99% or 31,185 shares. Whittier accumulated 20 shares or 0% of the stock. Voya Mngmt Lc last reported 0.03% of its portfolio in the stock. Northcoast Asset Management Ltd Liability Co holds 240,577 shares or 1.87% of its portfolio. New York Life Tru accumulated 0.25% or 444 shares. Old Mutual (Uk) holds 1.5% or 702,520 shares in its portfolio. Goelzer Invest Mgmt Incorporated has 0.33% invested in the company for 20,963 shares. Los Angeles Cap Mngmt Equity Rech reported 8,998 shares or 0.01% of all its holdings. Commonwealth Comml Bank Of Aus holds 0% or 800 shares in its portfolio. Moreover, Proshare Advisors Ltd has 0.03% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 18,228 shares. Kanaly reported 11 shares or 0% of all its holdings. Hendershot Invs last reported 0.83% of its portfolio in the stock. Rhumbline Advisers last reported 116,664 shares in the company. Davis R M accumulated 102,016 shares or 0.57% of the stock. Moreover, Meiji Yasuda Asset Mngmt has 0.2% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 12,180 shares.
Insider Transactions: Since May 10, 2016, the stock had 0 insider purchases, and 9 insider sales for $5.62 million net activity. 2,212 shares were sold by HIGGINSON ALAN, worth $273,074. On Friday, July 29 EAMES EDWARD JULIAN sold $804,601 worth of the stock or 6,489 shares. Rogers Scot Frazier had sold 1,607 shares worth $197,527 on Friday, July 29. $769,909 worth of shares were sold by BEVIER DEBORAH L on Wednesday, July 27. 4,352 shares were sold by Reinland Andrew, worth $522,719. MCADAM JOHN also sold $733,676 worth of F5 Networks, Inc. (NASDAQ:FFIV) on Tuesday, May 10. TRIEBES KARL D had sold 5,840 shares worth $718,197 on Friday, July 29.
F5 Networks, Inc. is the developer and well-known provider of application delivery services. The company has a market cap of $9.28 billion. The Company’s core technology is a full-proxy, programmable, software platform called TMOS . It has a 25.23 P/E ratio. It helps organizations seamlessly scale cloud, data center, and software-defined networking deployments to successfully deliver applications to anyone, anywhere, at any time.
FFIV Company Profile
F5 Networks, Inc., incorporated on February 26, 1996, is the developer and well-known 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. It works with many technology companies to improve manageability, strengthen security, and ensure faster and more successful deployments. The Company’s applications include availability and delivery. It can remove the roadblocks in oneâ€™s network to efficiently and securely deliver applications that are available to users when and where they need them. It can also accelerate oneâ€™s application response time, minimize latency and delays, and reduce the number of data round trips necessary to complete a web request.
More news for F5 Networks, Inc. (NASDAQ:FFIV) were recently published by: Fool.com, which released: “Why F5 Networks, Inc. Jumped This Morning” on October 27, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: F5 Networks Inc., 55.6% Follow-Through Indicator, 4 …” and published on October 26, 2016 is yet another important article.
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