The stock of F5 Networks, Inc. (NASDAQ:FFIV) hit a new 52-week high and has $231.40 target or 68.00% above today’s $137.74 share price. The 6 months bullish chart indicates low risk for the $9.12B company. The 1-year high was reported on Nov, 3 by Barchart.com. If the $231.40 price target is reached, the company will be worth $6.20 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 743,328 shares traded hands. F5 Networks, Inc. (NASDAQ:FFIV) has risen 28.17% since April 1, 2016 and is uptrending. It has outperformed by 26.95% 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 -17.02% below today’s ($137.74) stock price. F5 Networks Inc. has been the topic of 64 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Goldman Sachs maintained the stock with “Neutral” rating in Thursday, April 21 report. The firm has “Neutral” rating by Citigroup given on Thursday, April 21. The stock has “Outperform” rating given by RBC Capital Markets on Tuesday, October 13. The stock of F5 Networks, Inc. (NASDAQ:FFIV) earned “Neutral” rating by Guggenheim on Tuesday, September 22. Zacks downgraded the shares of FFIV in a report on Thursday, September 3 to “Hold” rating. The firm has “Sell” rating by Citigroup given on Tuesday, October 6. Oppenheimer upgraded F5 Networks, Inc. (NASDAQ:FFIV) on Wednesday, September 14 to “Outperform” rating. Wunderlich maintained the shares of FFIV in a report on Thursday, October 29 with “Hold” rating. The firm has “Hold” rating by Needham given on Thursday, October 29. The firm earned “Neutral” rating on Friday, November 13 by Dougherty & Company.
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 2016 Q2. Its up 0.01, from 0.9 in 2016Q1. The ratio improved, 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.
Moreover, Tower Rech Capital Lc (Trc) has 0.03% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 2,552 shares. Bank Of America Corp De, a North Carolina-based fund reported 388,491 shares. Artemis Invest Mngmt Llp accumulated 33,710 shares or 0.06% of the stock. Aviva Plc owns 41,492 shares or 0.03% of their US portfolio. Toronto Dominion Financial Bank reported 378 shares or 0% of all its holdings. Moreover, Engineers Gate Manager L P has 0.03% invested in F5 Networks, Inc. (NASDAQ:FFIV) for 3,700 shares. Rdl has 18,126 shares for 1.52% of their US portfolio. D E Shaw has 0.12% invested in the company for 553,954 shares. Finance Mngmt Professionals last reported 43 shares in the company. Euclid Advsr Lc has invested 0% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV). Rnc Management Ltd Liability Co holds 0.02% of its portfolio in F5 Networks, Inc. (NASDAQ:FFIV) for 2,130 shares. Teachers Retirement Sys Of The State Of Kentucky accumulated 346,890 shares or 0.52% of the stock. Blackrock Advsr holds 79,646 shares or 0.01% of its portfolio. Wells Fargo And Mn last reported 363,004 shares in the company. Gsa Llp last reported 6,831 shares in the company.
Insider Transactions: Since May 10, 2016, the stock had 0 buys, and 13 sales for $6.99 million net activity. The insider Rogers Scot Frazier sold 1,660 shares worth $227,386. MCADAM JOHN sold $904,047 worth of stock or 7,169 shares. On Friday, October 28 the insider Kearny Ryan C. sold $94,003. On Friday, July 29 the insider HIGGINSON ALAN sold $273,074. Another trade for 5,674 shares valued at $697,571 was sold by Reinland Andrew. TRIEBES KARL D sold $718,197 worth of F5 Networks, Inc. (NASDAQ:FFIV) on Friday, July 29. BEVIER DEBORAH L sold $769,909 worth of stock or 6,229 shares.
More notable recent F5 Networks, Inc. (NASDAQ:FFIV) news were published by: Profitconfidential.com which released: “F5 Networks, Inc.: This Is Why FFIV Stock Can Soar to $190” on November 01, 2016, also Fool.com with their article: “Why F5 Networks, Inc. Jumped This Morning” published on October 27, 2016, Nasdaq.com published: “Earnings Reaction History: F5 Networks Inc., 55.6% Follow-Through Indicator, 4 …” on October 26, 2016. More interesting news about F5 Networks, Inc. (NASDAQ:FFIV) were released by: Schaeffersresearch.com and their article: “Analyst Update: F5 Networks, Inc., Chevron Corporation, and Tesla Motors Inc” published on October 31, 2016 as well as Streetinsider.com‘s news article titled: “Form 4 F5 NETWORKS INC For: Oct 28 Filed by: DiLullo John D” with publication date: November 02, 2016.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.